The Governors of Central Banks in East Africa have agreed to fast-track the implementation of a common currency by 2031 after a set deadline of 2024 proved to be unviable.
The 26th ordinary meeting of the East African Community (EAC) Monetary Affairs Committee, which brings together CBK governors from member States, said progress is being made to ensure that the 2031 timeline for achieving a common currency is achieved within the set time frame.
