{"id":57522,"date":"2024-05-03T16:50:02","date_gmt":"2024-05-03T16:50:02","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/east-african-community-single-currency-target-pushed-back-to-2031"},"modified":"2024-05-03T18:05:28","modified_gmt":"2024-05-03T18:05:28","slug":"east-african-community-single-currency-target-pushed-back-to-2031","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/east-african-community-single-currency-target-pushed-back-to-2031","title":{"rendered":"East African Community single currency target pushed back to 2031"},"content":{"rendered":"

Africa-Press – South-Sudan. <\/strong><\/span>The Monetary Affairs Committee (MAC) held its 27th ordinary meeting in Juba, South Sudan\u2019s capital, to discuss the revised roadmap.<\/p>\n

The meeting was chaired by Dr. James Alic Garang, Governor of the Bank of South Sudan and current MAC chairperson.<\/p>\n

Governors and senior officials from central banks of EAC partner states and the EAC Secretariat attended the meeting, including Edouard Normand Bigendako, central bank governor of Burundi, Kamau Thugge, central bank governor of Kenya, and Emmanuel M. Tutuba, central bank governor of Tanzania.<\/p>\n

A communique issued after the meeting stated that the committee was revising timelines with partner states, with a final proposal expected for the Council of Ministers.<\/p>\n

\u201cThe meeting also reviewed the status of implementation of previously agreed actions towards the establishment of the East African Monetary Union (EAMU), with a focus on the decisions of the 26th ordinary MAC meeting held in Bujumbura in March 2023,\u201d the communique said.<\/p>\n

The committee also assessed progress on establishing EAMU supporting institutions.<\/p>\n

\u201cNotwithstanding the above progress, the Committee reaffirmed its commitment to implementing the remaining activities set out in the revised East African Monetary Union roadmap within the set timelines, in order to achieve the monetary union by 2031,\u201d the communique added.<\/p>\n

The governors pledged continued collaboration with relevant authorities to advance regional integration.<\/p>\n

\u201cThe Governors resolved to review the performance of the convergence criteria taking into account the revised timelines for the achievement of the East African Monetary Union,\u201d the statement said.<\/p>\n

The communique also welcomed the Central Bank of Somalia as the newest member of the EAC Monetary Affairs Committee and pledged support for its integration into the EAC.<\/p>\n

The delay in implementing a single currency is expected to prolong the burden of costly currency conversion and exchange rate risks for regional traders and travelers, potentially impacting intra-regional trade volume.<\/p>\n

For More News And Analysis About South-Sudan<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Sudan. The Monetary Affairs Committee (MAC) held its 27th ordinary meeting in Juba, South Sudan\u2019s capital, to discuss the revised roadmap. The meeting was chaired by Dr. James Alic Garang, Governor of the Bank of South Sudan and current MAC chairperson. Governors and senior officials from central banks of EAC partner states and […]<\/p>\n","protected":false},"author":84,"featured_media":57520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,265,233],"class_list":["post-57522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-sudan","tag-south-sudan"],"yoast_head":"\nEast African Community single currency target pushed back to 2031 - South Sudan<\/title>\n<meta name=\"description\" content=\"The Monetary Affairs Committee (MAC) held its 27th ordinary meeting in Juba, South Sudan\u2019s capital, to discuss the revis ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/east-african-community-single-currency-target-pushed-back-to-2031\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"East African Community single currency target pushed back to 2031\" \/>\n<meta property=\"og:description\" content=\"The Monetary Affairs Committee (MAC) held its 27th ordinary meeting in Juba, South Sudan\u2019s capital, to discuss the revis ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/east-african-community-single-currency-target-pushed-back-to-2031\" \/>\n<meta property=\"og:site_name\" content=\"South Sudan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-03T16:50:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-03T18:05:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/05\/sm_1714746635.71417.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"850\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/east-african-community-single-currency-target-pushed-back-to-2031#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/east-african-community-single-currency-target-pushed-back-to-2031\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"East African Community single currency target pushed back to 2031\",\"datePublished\":\"2024-05-03T16:50:02+00:00\",\"dateModified\":\"2024-05-03T18:05:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/east-african-community-single-currency-target-pushed-back-to-2031\"},\"wordCount\":322,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/east-african-community-single-currency-target-pushed-back-to-2031#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/05\/sm_1714746635.71417.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Sudan\",\"South-Sudan\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/east-african-community-single-currency-target-pushed-back-to-2031#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/east-african-community-single-currency-target-pushed-back-to-2031\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/east-african-community-single-currency-target-pushed-back-to-2031\",\"name\":\"East African Community single currency target pushed back to 2031 - 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