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East Africa to Adopt Single Currency By June 2012

The East African Community will move to a single currency by June next year, according to EAC Secretary General, Mr Richard Sezibera, making it the second regional bloc to adopt single currency after the European Union. The region, Mr Sezibera said, was halfway through the negotiation process, and that the High Level Task Force was doing all it can to accelerate the adoption of a monetary union.
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