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 a Common Market, a Monetary Union, and ultimately a Political Federation of the East African States." East African Community countries also have active trade to other parts of the world, like the European Union. Each country is apart of the World Trade Organization except for South Sudan who remains out of this conglomeration. As of 2014, these six countries have a combined GDP of $159.5 billion, GDP per capita of $918, total population of 168.5 million, total import $40.2 billion, and total export $13.6 billion. These countries become much stronger as a part of the community as they become a