Kitomari Banking & Finance Blog is a premier site for banking, finance, business, economic, investment and stock market news as well as selected informative articles from Tanzania, East Africa and the rest of the World. We operate 24 hours a day, 365 days a year with complete context, perspective and precision.
Wednesday, 5 December 2018
CENTRAL BANK LOCKS OUT FIVE COMMERCIAL BANKS FROM INTERBANK FOREIGN EXCHANGE MARKET
The Central Bank has continued cracking down on bureaux de change and banks that have violated the code of conduct guiding the Interbank Foreign Exchange Market (IFEM).
After inspections in Arusha recently, the Bank of Tanzania (BOT) has suspended five commercial banks from participating in the IFEM for one month.
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