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Bank of Tanzania Tightens Foreign Exchange Laws, Invites New Licence Applications

Tanzania Capital City Dar es Salaam, via Pixabay

As part of the nation’s ongoing battle against currency speculation, tax evasion, and money laundering, the Bank of Tanzania is enforcing a new set of regulations which tightens Tanzania’s foreign exchange laws.

The enactment of the regulations published on 24 June 2019 doesn’t come as a surprise after government investigations uncovered as many as seven unregistered shops owned by many operators. It was also found that the TRA records did not reflect all of the money exchanged through forex bureaux, with both of these issues seen as a way to create room for tax evasion.

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Professor Benno Ndulu to Address the 26th Annual Joseph Mubiru Memorial Lecture

Professor Benno Ndulu

On the 20th of February, 2019 former governor of the Bank of Tanzania Professor Benno Ndulu, will address the 26th Annual Joseph Mubiru Memorial Lecture for the Bank of Uganda.

The Bank of Uganda introduced the series in 1988 in honour of the late first governor of the central bank, Joseph Mubiru. Each rendition of the Annual Mubiru Memorial Lecture provides a platform for a keynote address and an informed discussion concerning the debates of financial and economic development policies.

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