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Tanzania says no to dollar pricing

19 May 2025
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Tanzania has officially enforced its Foreign Currency Usage Regulations, 2025, banning the use of foreign currency for domestic transactions. All local payments and price quotations must now be made in Tanzanian shillings.

Under the new rules, it is an offence to quote, advertise or accept payments in foreign currency for goods and services within Tanzania. Exceptions apply to specific transactions listed under the regulations, including diplomatic activities and duty-free purchases.

The measures are part of a broader effort to reinforce the use of the national currency. They also prohibit new contracts requiring payment in foreign currency and mandate that existing contracts must be amended to comply within a one-year period. Contracts not amended by March 2026 may be rendered void unless granted an extension by the Minister of Finance.

Wilbard Chambulo, Chairperson of the Tanzania Association of Tour Operators, confirmed the tourism industry is currently in discussions with the Ministry of Finance and the Bank of Tanzania. “It is too early to say anything,” Chambulo said, noting that the sector has been given a one-year grace period before full compliance is expected. “Anything can happen between now and March 2026,” he added.

Foreign visitors will still be able to pay using international bank cards or digital platforms but must exchange foreign currency through official channels such as commercial banks or bureaux de change.

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