EDITORIAL: A regional currency would be a befitting monument to Mutebile
Emmanuel Tumusiime-Mutebile, the deceased governor of Uganda’s central bank who died on January 23, was the unsung champion of East African economic integration. PHOTO | COURTESY
Emmanuel Tumusiime-Mutebile, the deceased governor of Uganda’s central bank who died on January 23, was the unsung champion of East African economic integration.
Like many of his contemporaries, he came from that generation that reached adulthood during the heydays of the East African Community when the region’s citizens enjoyed seamless freedom of movement, labour mobility and establishment. Even when the member states launched separate central banks, the shilling from any of the territories enjoyed parity and could be used to trade anywhere among the member states.