Tanzania Unveils New Forex Regulations For EAC and SADC Residents
Tanzania says residents residing in East African and Southern African trade blocs will now be able to invest in its Treasury bonds and bills.
“The Regulations, among others, permit residents of the East African Community and Southern African Development Community, referred in the Regulations as prescribed territory, to invest in Treasury bills and bonds. The Regulations also permit a person resident in Tanzania to invest in the prescribed territory,” the Bank of Tanzania said Wednesday.
The Foreign Exchange Regulations, 2022 (FX Regulations 2022) replace the Foreign Exchange Regulations, 1998 (FX Regulations 1998) and the Foreign Exchange (Listed Securities) Regulations, 2003 (Listed Securities Regulations).
They govern all matters relating to dealing in foreign currency and gold; current account transactions; and capital and financial account transactions.