About this document
BOT Circular-Prohibiting The Use of Foreign Currency For Local Payments Within TZ by ericmdachi018 is a document available to read on EtoBox.
The Bank of Tanzania has issued a public notice prohibiting the use of foreign currency for local transactions, mandating that all pricing and payments within the country must be in Tanzanian Shillings. The new regulations, effective from March 28, 2025, outline offenses related to foreign currency usage and specify permitted foreign currency transactions. Foreigners must exchange currency through authorized channels and can continue using bank cards or digital payments.
- Author
- ericmdachi018
- Language
- EN