Tanzania warns dealers suspected of hiding US dollars
Tanzania, March 24 -- Dar es Salaam. The Bank of Tanzania (BoT) has issued a strong warning to currency dealers suspected of hoarding US dollars to manipulate the black market amid the ongoing currency crisis.
Mr. Emmanuel Tutuba, the governor of the central bank, emphasized that the government is actively implementing measures to increase the supply of dollars.
He cautioned dealers suspected of withholding currency, highlighting the potential risks they face in the evolving economic landscape.
"I believe that those engaging in black market activities will face significant losses in the future because the economy is opening up and global economic risks are decreasing," stated Mr. Tutuba during a meeting last week with stakeholders in t...
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