Only Rule for Domestic Transactions
The Tanzanian government has reiterated that all domestic transactions must be conducted in Tanzanian shillings, declaring the use of foreign currencies like the US dollar illegal for local payments. Officials emphasize that this policy is necessary to protect the national currency's value and promote patriotism.
Why it matters
Highlights government efforts to stabilize the local economy and enforce monetary sovereignty against the widespread use of foreign currency in domestic trade.
Dodoma. The government has reaffirmed that all domestic transactions in Tanzania must be conducted in Tanzanian shillings, in line with the Regulations on the Use of Foreign Currency, 2025, warning that quoting prices or demanding payment in foreign currencies for local transactions is illegal and undermines the national currency.
The report objectively summarizes government statements and parliamentary proceedings without taking a stance on the economic policy.
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