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The Dream Deferred: Why East Africa’s Monetary Union Remains Out of Reach

The Dream Deferred: Why East Africa’s Monetary Union Remains Out of Reach

On November 30th, 2013, when the East African Community(EAC) unveiled the Monetary Union Protocol, the mood across the region was almost celebratory. A single currency by 2024 felt like the next chapter of an integration story that had already delivered a customs union, a common market, and unprecedented cross-border movement.

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