East African governors say structural measures needed to stabilise currencies

Zanzibar coastline

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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