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Legal UpdateTanzania Issues New Licensing and Operations Regulations For Forex Bureaux Effective 2023

2 May 2024by finandlaw-admin

INTRODUCTION On 06th October 2023, the Bank of Tanzania (BoT) issued new Foreign Exchange (Bureau de Change) Regulations via Government Notice No. 730 of 2023. The 2023 Regulations replaces the older Foreign Exchange (Bureau de Change) Regulations, 2019. The Regulations cover various aspects related to bureau de change businesses, management, operation as well as supervision...

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