Tanzania: Tight Liquidity Stance Impresses BOT

THE Bank of Tanzania (BoT) has said that it is impressed so far by the tight liquidity measures which have managed to mop out excessive money in circulation in a bid to tame the high inflation.

BoT Director of Policy and Research, Dr Joe Massawe said in Dar es Salaam over weekend that the bank's fundamental measures have helped the shilling to gain ground against the world major currencies.

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