East African Monetary Union

E124375

The East African Monetary Union is a proposed initiative to create a single currency and unified monetary policy among member states of the East African Community.

All labels observed (2)

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf proposed monetary union
regional economic integration initiative
agreementSignedAt Kampala
agreementSignedBy Burundi
Kenya
Rwanda
Tanzania
Uganda
agreementSignedOn 2013-11-30
aimsTo enhance regional trade integration
promote macroeconomic stability in East Africa
reduce transaction costs associated with multiple currencies
appliesTo East African Community
surface form: East African Community member states
basedOnAgreement Monetary Union Protocol of the East African Community
surface form: Protocol on the Establishment of the East African Monetary Union
currencyPlanned single regional currency
follows East African Community
surface form: East African Common Market

East African Community
surface form: East African Customs Union
hasAbbreviation EAMU
hasGoal create a single currency for East African Community member states
establish a unified monetary policy in the East African Community
hasLanguage English
Swahili language
surface form: Swahili
involves coordination of exchange rate policies
coordination of interest rate policies
harmonization of banking supervision standards
legalFramework EAC Treaty and EAMU Protocol
memberStateAtTimeOfProtocol Burundi
Kenya
Rwanda
Tanzania
Uganda
monitoredBy East African Community
surface form: East African Community institutions
partOf East African Community
plannedInstitution East African Central Bank
policyArea macroeconomic coordination
regional finance
policyType monetary policy harmonization
precedes potential full economic and political federation of the East African Community
proposedBy East African Community
region East Africa
relatedTo African Union Agenda 2063 economic integration goals
African monetary integration initiatives
requires convergence of macroeconomic criteria among member states
establishment of a regional central bank
stageOfIntegration monetary union
status under negotiation and implementation

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

East African Community hasProgram East African Monetary Union
East African shilling monetaryUnion East African Monetary Union
East African shilling relatedOrganization East African Monetary Union
this entity surface form: East African Monetary Institute