| Abstract: | On June 10, 1965 Kenya, Tanzania, and Uganda announced their intention to establish each an own central bank and to issue each an own currency. During the time of creation the banks and of the preparations for issuing national currencies the East African Currency Board will continue operations. This paper sketches the history of the East African Currency Board (EACB), emphasizing the period since the beginning of political independence for the East African countries, when EACB made special efforts to adjust its modes of operations to the changing political situation and economic conditions. These new activities of EACB are seen against the economic development of these years. The last section provides a short appraisal of EACB's enlarged role and a brief look at the responsibilities that may have to be shouldered by the new central banks succeeding it. Arrangement of the paper: Area Covered by EACB; History of EACB (Original organization and functions; Early history, 1920- 55; Changes during 1955-59; Reconstitution in 1960; Problems of the early sixties, 1960-62; Development since 1962); Appraisal and Outlook. Notes: French and Spanisch summary. |
Africana Periodical Literature 
Periodical article
Leiden University catalogue
WorldCat