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The Bank of Tanzania has announced a significant relaxation of Bureau de Change regulations to strengthen the formal financial system and address the dollar shortage in Tanzania.
Dr. Lusajo Mwankemwa, a senior economist at BoT, highlighted this pivotal decision during a recent media training session on the new interest rate-based policy framework.
To transition dollars from the informal sector into the official system, the move will facilitate easier access and utilization, ultimately improving the country’s financial stability.
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