Uncertainty As 52 Forex Agents Remain Closed in Tanzania
Over 50 bureaux de change in Dar es Salaam remain closed as the Bank of Tanzania continue conducting inspections into their undertakings. Preliminary findings by the regulator found that some of closed businesses were operating illegally.
A forex trader exchanges Uganda Shillings with US dollars at a forex company in Kampala (file photo).
Daily News, 1 March 2019
BANK of Tanzania (BoT) has initiated the process to revoke licences of bureau de change in Dar es Salaam which are operating without observing laws, regulations and procedures… Read more »
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 ... Read more »