East African shilling

E43378

future currency proposed common currency

The East African shilling is a proposed common currency intended to be used by member states of the East African Community to promote regional economic integration.

Aliases (2)

Statements (47)

Predicate	Object
instanceOf	future currency → proposed common currency →
currencySymbol	unknown →
currencyType	fiat currency →
denomination	shilling →
goal	enhance macroeconomic convergence in East Africa → facilitate trade within East African Community → reduce transaction costs in cross-border trade → strengthen regional integration →
historicalInspiration	East African shilling (British colonial currency) →
implementationDependsOn	establishment of East African Central Bank → macroeconomic convergence criteria →
intendedForUseBy	member states of the East African Community →
intendedForUseIn	East African Community →
iso4217Code	not yet assigned →
languageVariant	Swahili: Shilingi ya Afrika Mashariki →
legalStatus	not legal tender as of 2024 →
monetaryUnion	East African Monetary Union →
plannedBy	EAC Heads of State Summit → East African Community →
predecessor	East African shilling (1921–1969) →
proposedBy	East African Community member governments →
purpose	promote regional economic integration →
region	East Africa →
relatedConcept	economic integration → monetary union → single currency →
relatedOrganization	East African Community Secretariat → East African Monetary Institute →
relatedTo	East African Monetary Union Protocol →
status	not yet in circulation → proposed →
successorOf	Burundian franc → Congolese franc → Kenyan shilling → Rwandan franc → South Sudanese pound → Tanzanian shilling → Ugandan shilling → national currencies of EAC member states →
usedInFutureBy	Burundi → Democratic Republic of the Congo → Kenya → Rwanda → South Sudan → Tanzania → Uganda →

Referenced by (10)

Subject (surface form when different)	Predicate
Kenyan shilling → Somali shilling → Ugandan shilling →	replacedCurrency
Colony of Aden → Federation of South Arabia →	currency
East African Community →	currencyPlan
East African Community →	currencyPlanned
East African shilling ("East African shilling (British colonial currency)") →	historicalInspiration
East African shilling ("East African shilling (1921–1969)") →	predecessor
Aden shilling →	subunitOf