East Africa: EAC's Journey to Monetary Union Still On Right Speed

On November 30, 2013, the heads of the East African Community (EAC) member states signed the Monetary Union (EAMU) Protocol in Kampala. This is the third pillar of the EAC integration.

According to Article 5 of the Treaty establishing the EAC, the integration is anchored on four major pillars: customs union, common market, monetary union, and political federation.

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