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b Mauritius and the Seychelles are to the east and north-east of Madagascar respectively. East Africa Time, or EAT, is a time zone used in eastern Africa. The time zone is three hours ahead of UTC ( UTC+03:00 ), which is the same as Moscow Time, Arabia Standard Time, Further-eastern European Time and Eastern European Summer Time. [1]
The African Monetary Union ( AMU) is the proposed creation of an economic and monetary union for the countries of the African Union, administered by the African Central Bank. Such a union would call for the creation of a new unified currency, similar to the euro; the hypothetical currency is sometimes referred to as the afro or afriq. [1]
The new treaty was proposed with plans drawn up in 2004 to introduce a monetary union with a common currency, the East African shilling, some time between 2012 and 2015. There were also plans for a political union , the East African Federation, with a common President (initially on a rotation basis) and a common parliament by 2010.
The East African shilling was the sterling unit of account in British -controlled areas of East Africa from 1921 until 1969. [1] It was issued by the East African Currency Board. It is also the proposed name for a common currency that the East African Community plans to introduce. The shilling was divided into 100 cents, and twenty shillings ...
The East African Currency Board (EACB) was established in 1919 to supply and oversee the currency of British colonies in British East Africa. It was established after Britain took control of mainland Tanzania from Germany at the end of World War I, and originally oversaw the territories of Uganda , Kenya , and Tanzania (excluding Zanzibar ).
The Central Africa CFA franc ( XAF) is known in French as the Franc CFA, where CFA stands for Coopération financière en Afrique centrale ("Financial Cooperation in Central Africa"). It is issued by the BEAC ( Banque des États de l'Afrique Centrale, i.e., "Bank of the Central African States"), located in Yaoundé, Cameroon, for the six ...
These included the Somali shilling; the Italian East African lira; and the African franc (in Francophone countries). Many post-colonial governments have retained the name and notional value unit system of their prior colonial era currency. For example, the British West African pound was replaced by the Nigerian pound, which was divided into ...
In the IANA time zone database, Uganda is given one zone in the file zone.tab – Africa/Kampala, which is an alias to Africa/Nairobi. "UG" refers to the country's ISO 3166-1 alpha-2 country code. Data for Uganda directly from zone.tab of the IANA time zone database; columns marked with * are the columns from zone.tab itself: