Maseru, Jun.27—Former Lesotho Institute of Accountants (LIA) President and National University of Lesotho Lecturer Mr. Lefu Mokaoane says discontinuation of Common Monetary Area (CMA) is going to have negative impact in terms of economy and trade.
The Common Monetary Area is a monetary union which includes South Africa, Namibia, eSwatini and Lesotho.
While each of these sovereign nations issues its own currency, all four currencies are governed by the South African Reserve Bank and are valued and exchanged at par with the South African Rand…
