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.
Citizen, 10 December 2018
President John Magufuli has today December 10, 2018 clarified on the closure of bureaux de change in the country, explaining that the main reason was tax evasion by the traders in… Read more »
Bank of Tanzania (file photo),=.