Tanzania central bank tells hotels to obtain foreign currency exchange license

Some hotel owners and operators met with the Bank of Tanzania officials to discuss the licensing of foreign currency. PHOTO |CITIZEN CORRESPONDENT

By  Rosemary Mirondo

Business Reporter

Mwananchi Communications Ltd

What you need to know:

  • Last October, the central bank issued new foreign exchange regulations that allowed hotels to engage in currency exchange businesses to increase the availability of the service.

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