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EAC extends single currency deadline to 2031

The Governors of Central Banks in East Africa agreed to fast-track the implementation of a common currency by 2031 after a set deadline of 2024 proved to be unviable. Moreover, a decision to set up the East African Monetary Institute, the Central Bank of East Africa, will be made this year, a key establishment required in implementing a single currency regime. Ted Kaberuka, Partner at Centrix Group joins CNBC Africa for more.
Tue, 28 Mar 2023 10:26:21 GMT

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