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| EAC Monetary Union protocol: Journey towards single currency A monetary union can also be with different currencies, but having a fixed mutual exchange rate monitored and controlled by one central bank (or several central banks with closely coordinated monetary policies). In the African context, we have examples of other Regional Economic Communities ...
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| From Best to Worst: Argentine Market Sours as Rates Soar to 40% Argentina's currency is reeling and its interest rates have surged to 40%, pummeling investors who piled into a market that had been one of the world's best ... The run against the Argentine peso began toward the end of last month, when the central bank sold $4.3 billion to support a sagging currency.
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