East Africa: EAMU May Miss Single Currency Deadline

The East African Community's dream of a monetary union and a single currency may not be realised by the 2024 deadline.

A new report by Uganda's Ministry of East African Affairs blames this on lack of resources, which saw the bloc postpone the establishment of East African Monetary Institute (EAMI) - a precondition for having a single currency by 2024 - from 2015 to a yet to be announced date.

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