Tanzania has introduced a ban on the use of foreign currencies, including the dollar, in local transactions. This decision ...

Tanzania has formally prohibited the use of foreign currencies, including the US dollar, for all domestic transactions.

The Russian rouble has become the world's best performing currency despite the volatility caused by Vladimir Putin's invasion of Ukraine. The rouble has rallied 38% against the US dollar since ...

Tanzania will now require all local transactions to be priced and paid in Tanzanian shillings. Foreign currency contracts face tighter restrictions, and tourists must use official channels to convert ...