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The government is optimistic that the dollar crisis will start to ease from next month when the high tourism season begins.
The situation will improve further, courtesy of a projected rise in exports of traditional crops and an increase in gold prices, according to the Bank of Tanzania (BoT).
Tanzania largely depends on tourism earnings and exports of gold and traditional crops for its foreign exchange earnings.
Read: How traders in Tanzania are being ripped off in elaborate dollar racket
Exports of tobacco, tea, coffee, cashew nuts, cotton, sisal and cloves have been rising steadily in recent years, earning the country $953 million last year, up from $628 million in 2021, according to BoT figures….
Source:
The Citizen
