Tanzania Implements Directive Requiring Tourists to Use Shillings to Stabilize Local Currency
Tanzania’s Ministry of Tourism and Natural Resources has mandated that all tourism-related fees. Including business licenses, filming permits, and visiting fees.
Tanzania’s Ministry of Tourism and Natural Resources has mandated that all tourism-related fees. Including business licenses, filming permits, and visiting fees, be paid in local currency.
This aligns with the government’s directive for using the Tanzanian shilling in local transactions. Previously dollar-denominated payments will now be converted to shillings based on the Bank of Tanzania’s exchange rate. This move aims to stabilize the Tanzanian shilling and encourage tourists to exchange foreign currency for local shillings, supporting the country’s economy.
Clever Robot News Desk 18th July 2024
