Tanzania banks forex business on decline

Bank of Tanzania. It's Monthly Economic Review for October 2017 shows that the Central Bank purchased $132.6 million in a bid to stabilise the market.. PHOTO FILE | NMG

Forex trading by Tanzanian banks declined to $396.4 million in the quarter ending September 2017, from $408.3 million during the corresponding quarter in 2016. 

Bank of Tanzania’s Monthly Economic Review for October 2017 shows that the Central Bank purchased $132.6 million in a bid to stabilise the market.