Tuesday, March 11, 2014

East African Countries' National Currencies Acceptable in All EAC States

Residents of Kenya, Rwanda, Uganda, Burundi and Tanzania will now be able to travel with their respective national currencies in other East African Community (EAC) countries plus make digital cross-border cash transactions in real time. This new development comes through the recently launched East African Community project on Payment and Settlement Systems Integration Program (PSSIP) which has been carried out in Arusha and is aimed at introducing a seamless payment system.

The system

More details here...

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