PROHIBITION ON THE USE OF FOREIGN CURRENCY IN TANZANIA
Dear Esteemed Members,
The Association of Tanzania Employers (ATE) takes this opportunity to inform Employers of the recent issuance of the Foreign Currency Usage regulations that came into effect on March 28th 2025 by the Government.
The issuance aims to enforce the use of Tanzanian Shillings (TZS) for all domestic transactions through prohibiting the use of foreign exchange currency except in specified situations.
For further clarification regarding compliance with the new regulations, please do not hesitate to contact ATE.