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The East African Community planned on introducing the East African Shilling in 2012 but have missed multiple deadlines. Creating a common currency is difficult.
by Mountain_Skies 5y ago
The East African Community planned on introducing the East African Shilling in 2012 but have missed multiple deadlines. Creating a common currency is difficult. If they're able to make it happen, certainly it would be good for trade. Many of the west African countries are small so they have extra incentive to ease the barriers to trade with their neighbors but that also means that anxiety over being swamped by other countries is a reasonable concern.
- Mediterraneo10 5y agoWest Africa has a long history of border closures when one head of state doesn’t much like another. Trade doesn’t really tempt nations to open to their neighbours, because so much of the international trade on which the coastal countries of the region depend is through container shipping from China or other far-flung places, not from the people next door.