Currency –East African Community has flagged misleading reports on East Africa currency.
Making the statement on Monday March 4, the EAC made a clarification to demystify the reports that it had adopted a common currency for member States.
“The EAC Secretariat wishes to inform all our stakeholders that the Partner States’ journey to a single currency is still a work in progress,” EAC stated adding that there was no immediate plan on the same.
Though there are plans to see this come to fruition, the project is still at inception stage before final roll out can be announced.
A verified X handle, purportedly an authority on bloc matters, claimed that East African countries had officially launched the common currency.
This currency was to be sued by Kenya, Uganda and Tanzania who make member states in the Region.
