Thursday, November 21, 2024

Tag Archives: outlawed local transactions in forex

BusinessEconomics

Tanzania and Malawi share forex scarcity; northern neigbour outlaws transactions in US dollar

  Meanwhile, Malawi and Tanzania are not only sharing borders, but also an economic situation related to scanty availability of forex. In a move evident to the fact that a number African countries are undergoing scarcity of the US dollar, a major forex currency, Tanzania has loosened its steps from the dominant cage of the global currency. In a shocking...