Source: edarabia.com Taking a leaf straight from the BRICS playbook, Tanzania announced an official ban on the US dollar in local transactions. The Bank of Tanzania (BoT) has put a blanket ban on all foreign currencies in local transactions, and only the Tanzanian Shillings (TZS) is made legal tender. The ban comes after an influx […]
BRICS: Tanzania Officially Bans the US Dollar Read More »
The ban on the US dollar also includes foreigners who visit the country as tourists making Tanzanian Shillings mandatory. Only a few authorities are permitted to use foreign currencies and the regulation makes it clear that they need to specify the transactions. Those include government contributions to regional organizations, embassies, and transactions by international firms.
BRICS: Tanzania & the US Dollar Read More »
282.51 Pakistani Rupee DATE . May/18/2025
1 United States Dollar equals Read More »
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $71 million on a weekly basis, clocking in at $10.40 billion as of May 9, data released on Thursday showed. Total liquid foreign reserves held by the country stood at $15.61 billion. Net foreign reserves held by commercial banks stood at $5.21
SBP-held foreign exchange reserves increase $71mn to $10.40bn Read More »
