Tanzania: Cashew Nuts Ban Affects Balance of Payments

Dar es Salaam — The ban on cashew nuts exports has resulted in a gap in Tanzania's balance of payments, widening the deficit by about $500 million in the month of November last year.

The monthly economic review of the central Bank of Tanzania (BoT) for December 2018 has it that the country's overall balance of payments (BoPs) recorded a deficit of $753.0 million in the year that ended on November 30, 2018, as against the deficit of $171.6 million recorded in October that year.

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