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.
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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