East Africa: Experts Call for Caution On EAC Monetary Union

The east African Community (EAC) member states could sign the Monetary Union Protocol by the end of this year, but experts are cautioning against rushing the process.

So far, a feasibility study on the establishment of a regional central bank is ready, a monitory committee to oversee the implementation of the protocol is in place and a debt ceiling policy for each of the partners to ensure financial stability has been set.

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