Dar es Salaam. Tanzania’s foreign currency situation is gradually improving, the powerful Monetary Policy Committee (MPC), said yesterday, attributing the trend to a rise in earnings from tourism, minerals, manufacturing, and cash crops.
In a statement released after its 228th meeting that was held on October 27, 2023, the MPC said with improvements in earnings foreign exchange reserves remained above $5 billion in July–October 2023, which was enough to cover for between four and 4.5 months of the country’s import requirements.
