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African country bans use of dollar, euro, others to protect continent’s worst currency
08 May 2025 13:02 GMT
… or euro.
Weakening currency
The Tanzanian shilling has come under … help reinforce the national currency, improve monetary policy … , and some foreign-currency-linked loans related to … import substitution policies.
Tanzania’s currency policy shift mirrors recent …
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Tanzania bans use of foreign currency in local transactions
05 May 2025 12:56 GMT
… reinforcing the use of the Tanzanian shilling.
In a statement issued … Tutuba, the Bank of Tanzania (BoT) said the directive … demand payment in any foreign currency for local transactions.
However, … be conducted in foreign currency, as specified under the …
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Tanzania Prohibits Use Of Foreign Currencies For Domestic Transactions
05 May 2025 16:22 GMT
… at strengthening the Tanzanian shilling and enhancing regulatory … that allow for foreign currency payments. However, … instability for the Tanzanian shilling. Despite registering a … institution noted.
Nevertheless, Tanzania’s external reserves remain …
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Tanzania Announces Changes Affecting Kenyan Traders
03 May 2025 11:02 GMT
… other foreign currency.
''The Bank of Tanzania wishes to … permitted transactions are foreign currency loans from local financial … visiting Tanzania must exchange their money at banks or forex … to the Bank.
Kenya Shilling notes
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African Business
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Tanzania shilling struggles as Kenya shilling holds below KSh 130 against US dol...
13 Apr 2025 23:41 GMT
… and global trends.
The Tanzanian shilling (TZS) continues to face … East African nation’s currency.
Tanzania's President Samia … ),
"The Kenya Shilling remained stable against major international … 20.75 against the Tanzanian shilling.
It also traded at …
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Airtel Africa overturns annual loss to post $328 million profit as Naira devaluation pressure eases
08 May 2025 17:13 GMT
… with the Nigerian naira and Tanzanian shilling gains reported in Q3’25 …
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BoT clarifies Tanzanian Shilling performance
24 Mar 2025 21:54 GMT
… the Tanzanian Shilling, clarifying that while the currency depreciated … intervention.
“Despite currency fluctuations, Tanzania’s macroeconomic indicators … intervening only minimally.
Tanzania’s macroeconomic indicators … fluctuations in the Shilling are within …
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World’s worst currency status haunts Tanzanian shilling as debt and imports soar
19 Mar 2025 11:14 GMT
Tanzania’s economy might be booming, but its currency is taking a hit … time before the local currency benefits.
The Tanzanian shilling has dropped 8.9% … the already struggling Tanzanian shilling.
Rising imports and debt burden
Tanzania's …
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What sharp rise in Tanzania cross-border payments means
08 Apr 2025 00:56 GMT
… account balance, and currency stability.
Economists attribute the … has significant implications for Tanzania’s economy. While … depreciation of the Tanzanian shilling and other macroeconomic challenges … strategies in place, Tanzania can leverage the …
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Tanzania mandates shilling for local contracts
04 Apr 2025 13:55 GMT
Dar es Salaam. Companies with ongoing contracts involving foreign currency transactions are now required to amend their agreements and switch to Tanzanian shillings within one year, following the issuance of new regulations by the government.
This …