East Africa: It's Long March to EA Single Currency, Says BOT

A TEN-YEAR march towards East African single currency has started by forming a multisectoral task force to oversee macro-economic convergence in the region.

The task force to be formed soon will comprise members from the EAC bloc. The members will be drawn from ministries and institutions. Each state will appoint members for the task force from ministries of finance, industry, and east Africa; central bank and the attorney general's office.

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