New foreign currency regulations in Tanzania

[spike.t]

Tanzania rolls out new regulations on foreign currencies

Foreigners, including tourists, are required to exchange foreign currency through commercial banks or the Bureau de Change in Tanzania. They may also continue making payments using bank cards or other digital payment methods.

tanzaniatimes.net

 

[Betterinthebush]

IIRC hasn’t William Ruto been championing dedollarization throughout the continent for three years now?

Very interesting play by Tanzania.

 

[DieJager]

It seems that outfitters located in Tanzania have to advertise the hunts in Tanzanian shilling otherwise it is an offence. They even put an email address for people that want to report an offence.

 

[Hogpatrol]

I got a phishing warning on that site. Here's one without it.

Saving TZS: Tanzania bans use of US dollars, other currencies locally

The Bank of Tanzania has banned the use of foreign currencies like the US dollar for local transactions requiring all payments to be in Tanzanian Shillings.

www.tuko.co.ke

 

[Philip Glass]

Very interesting. As if the Outfitters don't deposit the USD in the bank after the hunt.

 

[analog_peninsula]

Everyone has his hand out.

 

[spike.t]

They did this here or tried to a few years back...was a balls up....caused big issues....then this lot last year or maybe one before said were going to reintroduce it ....for moment seems to have faded due to a lot of back lash from business here

 

[Rafiki]

I wonder if customs is going to get hard-nosed about bringing dollars into TZ.

 

[spike.t]

I wonder if customs is going to get hard-nosed about bringing dollars into TZ.

Wouldn't have thought so....you just have to change as stated in the article at a change place to pay in country....declare if over the allowed amount, same as you have to entering most countries including USA...I am asked every time at immigration if I am carrying over the allowed amount...believe you also have to declare above a certain amount if leaving the usa also

 

[wesheltonj]

Of course, right before I leave.

 

[BRICKBURN]