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East African Community Postpones Currency Launch To 2031
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East African Community Postpones Currency Launch To 2031
The East African Community (EAC) has set 2031 as the new target for launching its long-planned single regional currency, after delays caused by the COVID-19 pandemic and wider economic challenges. EAC officials said preparations are continuing, with a phased rollout expected once member states, including Kenya, Uganda, and Tanzania, meet the required economic convergence criteria. The foundation for the currency integration was laid out over a d…
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