The Bank of Tanzania has suspended conversion of Kenyan currency to Tanzanian currency.
In a statement dated Friday, June 7 and addressed to all financial institutions the regulator said it was advised to freeze the exercise by Central Bank of Kenya (CBK) in a move to tame illicit cash flows.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article