East Africa Community Monetary Institute to Take Off in July

Arusha — The East African Community (EAC) has designated July 1 as the takeoff date for the East African Monetary Institute (EAMI).

Operationalization of the institute will set the Community on a journey towards the single currency economy. This was announced late yesterday by the EAC Secretariat, a few hours before the regional summit of the Heads of State.

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