EAC to revise economic targets to attain monetary union dream
East Africa finance ministers in 2022 extended a deadline by ten years for the establishment of a monetary union to be realised.
Source: theeastafrican.co.ke
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East Africa finance ministers in 2022 extended a deadline by ten years for the establishment of a monetary union to be realised.
Move will enhance trade, strengthen local currencies and hasten the adoption of single currency.
A single currency of the East African Community (EAC) can be achieved within the next three or four years, Peter Mathuki, the bloc’s Secretary-General, has reportedly said.