African Monetary Union

Proposed economic and monetary union

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2023 Original target year for establishing the African Economic Community with a single currency.
2022 The African Union expanded to 55 members, with ongoing discussions about a potential common currency.
2020 Originally targeted year for the African Central Bank's creation, as proposed in the 1999 Sirte Declaration, though this timeline was not met.
2015 Anthony Maruping announced that Kenya, Uganda, Tanzania, Rwanda, and Burundi committed to joining a common currency within the next ten years.

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See Also

African Union

Continental union of African states

Arab Maghreb Union

Trade agreement among North African Arab countries of the Maghreb

Southern African Development Community

Inter-governmental organization