Why Tanzania Govt Shut Down Forex Exchange Bureaux

Tax evasion and unlicensed traders are some of the reasons for the shutdown in November by President John Magufuli. This as the country's Reserve Bank Governor Florens Luoga assured that all bureaux will be licensed, after five commercial banks were suspended from participating in Interbank Foreign Exchange Market for a month because of the irregularities.

Bank of Tanzania (file photo),=.


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