Uncertainty stalks progress to single currency deadline
East African Community (EAC) member states are nowhere near enacting crucial Bills needed to implement a single currency regime and now central banks are raising reservations on the 2024 deadline. PHOTO | FILE | NMG
East African Community (EAC) member states are nowhere near enacting crucial Bills needed to implement a single currency regime and now central banks are raising reservations on the 2024 deadline.
The EastAfrican has learnt that key Bills including the EAC Financial Services Commission Bill (2022), EAC Surveillance Compliance and Enforcement Bill (2022) and the EAC Standardisation Accreditation and Conformity Assessment Bill (2022) are yet to be acted on.
