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BoT auctions 15m US dollars to stabilise the forex market
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BoT auctions 15m US dollars to stabilise the forex market
DAR ES SALAAM: THE Bank of Tanzania (BoT) has injected 15m US dollars into the Interbank Foreign Exchange Market (IFEM) in a move aimed at easing liquidity pressures and supporting stability in the foreign exchange market. In a public notice, the central bank said the intervention was conducted in accordance with its Foreign Exchange Intervention Policy of 2023. The dollars were sold through an auction that cleared at a weighted average exchange…
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