Regulatory Alerts2022-01-01
Foreign Exchange Regulations, 2022
The Government of Tanzania promulgated the Foreign Exchange Regulations, 2022 to establish a unified framework for foreign currency and gold transactions across residents and non-residents. The regulations require all current account activities, including exports, imports, and outward remittances, to be channeled through licensed financial institutions with mandated documentation and reporting timelines. Furthermore, the rules govern capital and financial account transactions, securities trading, and direct investments while granting the Governor broad enforcement powers to monitor compliance and impose temporary restrictions.
Share