Tanzania Seeks to Shore up Local Currency With Directive Mandating Tourists to Use Shillings

Tanzania’s Ministry of Tourism and Natural Resources has mandated that all fees in the tourism sector must be paid in local currency, aligning with a government directive for local transactions to use the country’s shillings. This requirement applies to Tourism Business Licence fees, filming permits, and visiting fees. Previously dollar-denominated payments will now be converted to Tanzanian shillings based on the Bank of Tanzania’s exchange rate. The move aims to stabilize the Tanzanian shilling and encourage tourists and non-resident customers to exchange foreign currency for local shillings, supporting Tanzania’s economy.