Tanzania: Foreign Exchange Earnings From Tourism Drop to a 10-Year Low

Dar es Salaam — Foreign exchange earnings from tourism dropped to a 10-year low during the year ending October 2020, largely due to travel restrictions imposed by several countries across the world in response to the Covid-19 pandemic.

Bank of Tanzania (BoT) figures show that Tanzania earnings from tourism during the year ending October 2020, plunged by over 50 percent to $1.2 billion compared to $2.5 billion that was registered during the year ending October 2019.

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