Cross-Boarder use of Kwacha Shilling: To Upgrade Commerce at Boundary between Tanzania and Zambia
By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leonne- The Tunduma-Nakonde merchants at one-stop border post could utilize Tanzanian and Zambian cash on each side of the border without having to change them, thankfulness to a fresh treaty to shave inconveniencies in a bid to promote trading movements. In this respect, on the verge of 2018 Tanzania and Zambia inscribed a Memorandum of Understanding (MoU) for convertibility and repatriation of their currencies. On February 27th, 2020, a geriatric bank official from Bank of Tanzania (BoT) stated that, the conversion and repatriation of Tanzanian shilling and the Zambian Kwacha; is adjusted to accelerate trading between the people of the two neighboring states and prevent informal foreign exchange. Currency...
Posted On 01 Mar 2020
Recent Comments