East Africa: Experts Hopeful On Monetary Union

Regional negotiators mooting the establishment of a regional monetary union are optimistic that plans to set up a single currency would be completed by the end of this year, Dr Thomas Kigabo, the Rwandan negotiator in the talks disclosed yesterday.

Dr. Kigabo confirmed to The New Times that they were thrashing out the remaining issues, including the harmonisation of financial and bank laws before the monetary union is finally established.

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