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Tisha D

East African Trade Bloc approves monetary union - 2 views

www.reuters.com/...aryunion-idUSBRE9AT08O20131130

trade bloc EAC monetary supply

shared by Tisha D on 02 Dec 13 - No Cached
  • Patrick vD on 02 Dec 13
     
    This article shows how there are regional trade barriers within Africa.
  • Max W on 02 Dec 13
     
    The leaders of five East African countries signed a protocol on Saturday laying the groundwork for a monetary union within 10 years that they expect will expand regional trade.
  • Tisha D on 03 Dec 13
     
    This article is about the East African Community (EAC) choosing to pass a monetary union deal. The trade comprising of Kenya, Rwanda, Uganda, Burundi and Tanzania has decided to adopt a single currency for all the five countries. They plan to converge their currencies and establish a central bank, helping them to harmonize fiscal policies and increase commerce. Kenyatta, the leader of the biggest economy in the east Africa say that 'Businesses will find more freedom to trade and invest more widely, and foreign investors will find additional irresistible reasons to pitch tent in our region'.
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