DAR ES SALAAM, Dec. 13 -- THE Bank of Tanzania (BoT) has injected 15m US dollars into the Interbank Foreign Exchange Market (IFEM) in a move aimed at easing liquidity pressures and supporting stability in the foreign exchange market.

In a public notice, the central bank said the intervention was conducted in accordance with its Foreign Exchange Intervention Policy of 2023.

The dollars were sold through an auction that cleared at a weighted average exchange rate of 2,449.18 per US dollar.

The auction attracted strong interest from commercial banks, with total bids amounting to 17m US dollars against an offered amount of  10m US dollars.

Of the bids submitted, 15m US dollars was successfully allocated, reflecting sustained demand f...