13.6 C
Maseru
June 23, 2024
Economy

NEW REGULATIONS OF CROSS – BORDER TRANSACTIONS WITHIN CMA

Maseru, Apr, 05 – The Common Monetary Area (CMA) is set to see a boost in efficiency and convenience with the introduction of new regulations on electronic funds transfer (EFT).

Director of Payments Mr. Mothetsi Sekoati indicated that the new rules, which are implemented by the Central Banks of South Africa, Lesotho, Namibia and Swaziland are designed to make it easier and faster for people and businesses to transfer funds across borders within the CMA.

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