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Friday 21 June 2019

NEW BANK OF TANZANIA RULES SEAL FATE OF FOREX BUREAUX


Dar es Salaam - The fate of most of the forex bureaux which were shut down in a government crackdown last December is now almost sealed. This is after the Central Bank issued tighter rules to govern their registration.

A new minimum capital requirement of TShs 1 billion for one to secure a bureau de change licence has dealt a hefty blow to the majority of those who had harboured hopes of a comeback.

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