East Africa: EAC Single Currency Could Reshape Regional Economy

East Africa: EAC Single Currency Could Reshape Regional Economy

Arusha -- THE East African Community (EAC) is stepping up efforts to align fiscal and monetary policies as Partner States move towards establishing a single currency by 2031, with stronger budget discipline, harmonised tax systems and closer economic coordination emerging as critical requirements for the planned monetary union.

EAC single currency could reshape regional economy

ARUSHA: THE East African Community (EAC) is stepping up efforts to align fiscal and monetary policies as Partner States move towards establishing a single currency by 2031, with stronger budget discipline, harmonised tax systems and closer economic coordination emerging as critical requirements for the planned monetary union. For the region, monetary integration is intended to …

EAC Reaffirms 2031 Target for Single Currency and East African Central Bank

DAR ES SALAAM — The East African Community (EAC) has set 2031 as its target for introducing a single regional currency and establishing the East African Central Bank under the East African Monetary Union (EAMU), keeping alive a project that has already slipped past its original schedule. The framework is guided by the EAMU Protocol, […]