UPDATE 1-Tanzania’s Magufuli orders tighter FX controls, bank crackdown as growth slows
12 Dec UPDATE 1-Tanzania’s Magufuli orders tighter FX controls, bank crackdown as growth slows
Posted at 14:46h
in
News
by KMFSLLP
DAR ES SALAAM, Dec 13 (Reuters) – Tanzanian president John
Magufuli ordered the central bank on Wednesday to tighten
controls on the movement of hard currency and take swift action
against failing banks in a bid to tackle financial crimes and
protect the local shilling currency.
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