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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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