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East Africa: EAC Kick Starts Monetary Union Move

Published on October 21, 2016

The process to establish four key institutions that will support the proposed East African Monetary Union (Eamu) has started, the East African Community (EAC) has said.

The four institutions include the EAC Monetary Institute, the EAC Statistics Bureau, the EAC Financial Services Commission and the EAC Surveillance, Compliance and Enforcement Commission.

Speaking here recently, the EAC secretary general, Mr Liberat Mfumukeko, said the process to lay the foundation for establishment of a monetary union were on gear. Source: The East African. Read more...