Tanzania eases FX rules to allow all foreigners to buy government debt
Tanzania has relaxed foreign exchange regulations to allow all international investors to purchase government Treasury bills and bonds. The government aims to attract more capital to the domestic market to offset reduced international aid.
Why it matters
This policy shift is a strategic move to stabilize national finances and increase foreign investment in East African debt markets.
NAIROBI, Aug 7 (Reuters) – Tanzania has relaxed its foreign exchange rules to allow all overseas investors to buy government-issued Treasury bills and bonds, the central bank said.
The bank said in a statement on Thursday that the move was aimed at deepening domestic financial markets and promoting Tanzania as an investment destination.
Previously, only residents of the East African Community, the Southern African Development Community and the Tanzanian diaspora could participate in the government securities market.
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