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EAC monetary UNION
mufasa
#1 Posted : Monday, May 10, 2021 2:53:25 PM
Rank: Member


Joined: 4/15/2008
Posts: 190
What is the likelihood of EAC achieving a monetary union by 2024 given the way different regimes are pulling esp with regards to taxation.
Establishment of a stable Monetary Union requires a strong institutional framework to monitor and enforce convergence but this too is looking elusive.

looking at the forex market of these 6 countries and the business between the countries, it seems likely that we can get a monetary union. However, it seems to be a case of the body is willing But the spirit is weak.


what's your take?
Do it today! Tomorrow is promise to no-one.
Ericsson
#2 Posted : Monday, May 10, 2021 4:27:43 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
mufasa wrote:
What is the likelihood of EAC achieving a monetary union by 2024 given the way different regimes are pulling esp with regards to taxation.
Establishment of a stable Monetary Union requires a strong institutional framework to monitor and enforce convergence but this too is looking elusive.

looking at the forex market of these 6 countries and the business between the countries, it seems likely that we can get a monetary union. However, it seems to be a case of the body is willing But the spirit is weak.


what's your take?


We are still far from a monetary union.
The exchange rates of the member countries to each other is also an issue.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
sparkly
#3 Posted : Thursday, May 13, 2021 4:40:11 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mufasa wrote:
What is the likelihood of EAC achieving a monetary union by 2024 given the way different regimes are pulling esp with regards to taxation.
Establishment of a stable Monetary Union requires a strong institutional framework to monitor and enforce convergence but this too is looking elusive.

looking at the forex market of these 6 countries and the business between the countries, it seems likely that we can get a monetary union. However, it seems to be a case of the body is willing But the spirit is weak.


what's your take?


Anything is possible since Suluhu is playing ball.
Life is short. Live passionately.
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