{UAH} Emmanuel Tumusiime-Mutebile: The planned introduction of the East African Monetary Union

Here is the link;

http://www.bis.org/review/r130923a.pdf

Conclusion

The introduction of a monetary union is undoubtedly the most challenging project ever 

undertaken at the regional level in East Africa. The difficulties and risks involved should not 

be underestimated. The potential long term benefits of monetary union are large. If the 

monetary union is designed well and implemented properly, it should contribute to faster 

growth in trade, productivity, jobs and output over several decades. But the benefits will not 

be realized unless partner states are prepared to undertake the radical reforms necessary to 

put in place the essential foundations for monetary union, which include the implementation 

in full of the common market within the EAC and the establishment of rules based sound 

fiscal policies

Viele GruBe

Robukui