Tanzania banks on T-bonds to end shortage of dollars
Bank of Tanzania (BoT) announced plans to re-open 10-year, 15-year, 20-year and 25-year Treasury bonds before the end of the 2023/2024 fiscal year, starting with a tender auction on a 20-year bond on February 21 at a 15.49 percent interest rate. PHOTO | SHUTTERSTOCK
The Bank of Tanzania (BoT) has launched a new round of Treasury bond auctions in its effort to contain the domestic debt and improve money supply in the face of foreign currency shortages.
The central bank announced plans to re-open 10-year, 15-year, 20-year and 25-year Treasury bonds before the end of the 2023/2024 fiscal year, starting with a tender auction on a 20-year bond on February 21 at a 15.49 percent interest rate.
