How could the Bank of Tanzania respond to COVID-19?
Bank of Tanzania hedquater in Dar es Salaam.
What you need to know:
Inflation—caused by excessive creation of money—is the number one economic enemy of Tanzania, according to the Bank of Tanzania (‘the Bank’) website. In fulfilling the monetary policy objective stipulated under section 7(1) of the Bank of Tanzania Act, 2006, the Bank must first stabilise the economy and employment so as to keep the rate of inflation as low as possible.
