EAMU
E537392
EAMU is the proposed monetary union of East African Community member states aimed at establishing a single regional currency and unified monetary policy.
Statements (44)
| Predicate | Object |
|---|---|
| instanceOf |
proposed monetary union
ⓘ
regional economic integration initiative ⓘ |
| abbreviationOf | East African Monetary Union NERFINISHED ⓘ |
| aimsTo |
create a unified monetary policy
ⓘ
enhance economic integration in the East African Community ⓘ establish a single regional currency ⓘ promote macroeconomic convergence among member states ⓘ |
| associatedWith |
East African Community Common Market
NERFINISHED
ⓘ
East African Community Customs Union NERFINISHED ⓘ |
| basedOn | convergence criteria for member states ⓘ |
| currencyStatus | single regional currency not yet introduced ⓘ |
| designedFor | East African Community member states NERFINISHED ⓘ |
| fullName | East African Monetary Union NERFINISHED ⓘ |
| goal |
achieve price stability across the East African Community
ⓘ
strengthen bargaining power of the region in global markets ⓘ support free movement of goods, services, and capital in the East African Community ⓘ |
| intendedOutcome |
eliminate exchange rate volatility among member currencies
ⓘ
facilitate cross-border investment in the East African Community ⓘ reduce transaction costs in intra-regional trade ⓘ strengthen regional macroeconomic stability ⓘ |
| involves | coordination among East African Community member states ⓘ |
| involvesCreationOf | East African regional central bank ⓘ |
| legalFrameworkStatus | implementation and negotiation ongoing ⓘ |
| monetaryPolicyStatus | unified monetary policy not yet implemented ⓘ |
| objective |
improve efficiency of payment systems in the region
ⓘ
increase regional financial integration ⓘ support long-term economic growth in the East African Community ⓘ |
| partOf | East African Community integration process ⓘ |
| policyScope |
exchange rate policy
ⓘ
monetary policy ⓘ price stability objectives ⓘ |
| preconditionFor | deeper political integration in the East African Community ⓘ |
| proposedBy | East African Community NERFINISHED ⓘ |
| region | East Africa ⓘ |
| requires |
coordination of financial sector regulation
ⓘ
establishment of a regional central bank ⓘ fiscal discipline among member states ⓘ harmonization of fiscal policies ⓘ harmonization of monetary and exchange rate policies ⓘ limits on public debt and deficits for member states ⓘ |
| stageOfIntegration | monetary union ⓘ |
| status |
proposed
ⓘ
under negotiation ⓘ |
| typeOfIntegration | supranational monetary arrangement ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.