Tanzania's central bank bans use of foreign currency for local transactions


  • World
  • Sunday, 04 May 2025

DAR ES SALAAM, May 3 (Xinhua) -- Tanzania's central bank said in a statement late Friday that it has prohibited the use of foreign currency for local transactions and payments.

The Bank of Tanzania (BoT) said under regulations issued by the government in 2025, pricing and payment for all goods and services within the country must be made in Tanzanian shillings.

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