Foreign Exchange Rates

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Tuesday, 7 January 2020

FOREX RESERVES HIT RECORD HIGH


Tanzania recorded the highest foreign reserves at the end of November last year, sufficient to cover 6.4 months of projected imports of goods and services it traded on.

According to the Ba k of Tanzania (BOT) monthly economic review for December last year, the country's foreign reserves were 5,533.7 million US dollars (over TZS 12.7 trillion), higher than 5,078.8 million US dollars recorded in the previous year and enough to cover about 5.0 months.

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