ARUSHA, Dec. 5 -- THE Bank of Tanzania (BoT) has reported that foreign exchange liquidity remained adequate in October, supported by inflows from gold exports, cash crops and tourism activities, according to its Monthly Economic Review published last month on its website.

BoT noted that the Inter bank Foreign Exchange Market (IFEM) remained active, with total transactions reaching 93.8 million US dollars (about 227.5bn/-), slightly down from 101.5 million US dollars (about 246.1bn/-) recorded in the previous month.

“Banks accounted for 88.3 per cent of total transactions. The Bank participated in the market, selling 11 million US dollars (about 26.7bn/-) on a net basis, in line with the Foreign Exchange Intervention Policy,”...