East African governors say structural measures needed to stabilise currencies
Senior central bank officials from Burundi, Kenya, Rwanda, Tanzania and Uganda meet
The East African Community (EAC) must pursue regulatory and structural measures to engender long-term stability in the region's currencies, according to senior officials from its five central banks.
The central bank officials - four governors and a deputy - raised concerns over the prospect of the external environment continuing to weigh on the currencies in Burundi, Kenya, Rwanda, Tanzania and Uganda, in a statement following their meeting in Zanzibar on August 21.
Their response may need to
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