THE Bank of Tanzania wishes to inform the public that, in accordance with the provisions ofSection 26 of the Bank of Tanzania Act, 2006, the Government has issued the Regulations on the Use of Foreign Currency, 2025.
The regulations were published in the Government Gazette No. 198, dated 28th March 2025.
Under these Regulations, pricing and payment for all goods and services within the countrymust be in Tanzanian Shillings.
Therefore, it is an offence to quote, advertise, or indicate prices in foreign currency, to compel, facilitate, or accept payment in foreign currency, or torefuse payment made in Tanzanian Shillings.
The Regulations also specify transactions that are permitted to be conducted in foreigncurrency.
Furthermore, the Regulations have set a time limit on contracts executed in foreigncurrency and prohibit entering into or renewing contracts that require payments in foreigncurrency effective from March 28, 2025.
Foreigners, including tourists, are required to exchange foreign currency through commercialbanks or the Bureau de Change in Tanzania.
They may also continue making payments usingbank cards or other digital payment methods;
