March 24
Tanzania: Hotels Given Green Light to Engage in Currency Exchange Business
The Bank of Tanzania (BOT) has called upon all tourist hotels in the county, ranked three-stars and above, to open up bureau de change or foreign exchange windows to bring the… Read more »
March 18
East Africa: Is East Africa's Currency Dream On Hold?
IN recent weeks, East Africans found themselves caught in a whirlwind of online fake news, falsely suggesting the imminent arrival of a unified currency. Read more »
March 05
Southern Africa: SADC Fortifies Bloc Against Money Laundering
THE Southern African Development Community (SADC) has inaugural the Anti-Money Laundering and Combating of Financing Terrorism (AML/CFT) Committee. Read more »
February 15
Tanzania: Parliament Outlines Plan to Contain Dollar Shortage
THE National Assembly has outlined various measures to be taken by the government to mitigate dollar shortage in the country, including making all payments being made within the… Read more »
August 27, 2023
Tanzania: Dollar Shortage - Govt Steps Up Measures
THE government has stepped up measures to mitigate effects of the dollar shortage on the country's economy, key being supporting local business to boost exports and providing… Read more »
July 19, 2023
Tanzania: BoT - Forex Reserve Climbs Up
THE country's stock of foreign reserve has increased to 5.55 billion US dollars as of Friday last week, compared to 4.69 billion reported at the end of May this this year. Read more »
June 22, 2023
Tanzania: Reasons for Prolonged Use of Dollar in Tz Is an Inadequate Approach
As an expert and economist, I have chosen to take this opportunity to discuss the effects of using the dollar as a currency to pay for various goods and services in the country,… Read more »
June 07, 2023
Tanzania: BoT Insists Foreign Exchange Reserves Sufficient
BANK of Tanzania (BoT) has said the country is experiencing shortages of US dollars, the dominant currency in international transactions but insisted that there was no cause for… Read more »
April 11, 2023
Tanzania: BoT - We've Enough Forex Reserve, Isles Inflation Drops
DESPITE the global economic turbulence, Tanzania has sufficient foreign reserves to keep the country economically stable, Bank of Tanzania (BoT)'s senior economist Dr Ulrick… Read more »
March 21, 2023
Tanzania: Tanzania, India Trade Volume Notches Using Own Currencies
TRADE volume between Tanzania and India stands at 4.5billion US dollars (about10.4tri/-) by early March this year as the two countries agreed to use their own currencies while… Read more »
August 11, 2022
Tanzania: Shilling Firmness to Cushion Imported Inflation
THE shilling continued to hold steady against US dollars, thanks to inflows support from mining and commodities, especially tobacco and pulses. Read more »
April 14, 2022
Tanzania: Shilling Remains Steady On Exports Flow
THE shilling continues to hold steady against the US dollar since the beginning of the year thanks largely to agricultural sector exports. Read more »
November 14, 2017
East Africa: EAC Eyes Single Currency By 2024
EAST African Community (EAC) states are aspiring for a single EAC currency by 2024. Tanzania, Kenya and Uganda are determined to merge their respective shillings with Rwanda and… Read more »