East African shilling in 1952, the birr, which was already in use in Ethiopia, was adopted in Eritrea. A new version of the currency is proposed by the East African Community, which consists of Kenya, Tanzania, Uganda, Rwanda, Burundi, and South Sudan. It had been proposed that the Second East African shilling be introduced into circulation in 2012, but the target was not met. A second target date was set to 2015, but also not met. The third target date is 2024. In 1921, notes were issued by the East African Currency Board in denominations of 5, 10, 20, 100, 200, 1,000 and
Trade in the East African Community collapse of the bloc in 1977. The rebirth of the treaty that still stands was created in 1999, and this group of three countries held together until 2009 when Burundi and Rwanda joined. Eventually, in 2016, South Sudan joined the group and trade has been bolstered within each country ever since. With the help of harmonization of monetary and fiscal policies among the nations, there has been an enormous effort in eventually becoming one large nation, Political Federation of the East African States. Becoming one nation will bring improved terms of trade as countries will want to ensure that their