Task Force to Advance the East African Monetary Union

Task Force to Advance the East African Monetary Union

The East African Community strives to achieve deepened economic integration through an East African Monetary Union (EAMU). The protocol providing the legal basis for the EAC’s transformation into a monetary and fiscal union was signed in 2013. However, a great number of preparatory steps aimed at achieving macroeconomic convergence for all partner states are needed, before East African citizens can literally carry in their pockets the symbol of their solidarity and cooperation – the East African Shilling.