BoT outlines key measures to spur local currency’s rebound

Dar es Salaam. The Bank of Tanzania (BoT) says that Tanzania is seeing a positive turn from the dollar scarcity and other economic woes.

Addressing a press briefing at the central bank headquarters yesterday, BoT director of policy and research Suleiman Misango said that the economic trend is now shifting, with dollar supply starting to stabilise amid a positive global economic outlook, which is forecast to close at 3 percent in 2023 from the previously projected 2.8 percent at the beginning of the year, meaning there will be more supply of foreign currency.