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The Bank of Tanzania (BoT) has stepped in to ease pressure in the foreign exchange market after selling USD 20 million through an interbank auction held on November 27, 2025.
The intervention, conducted under the Foreign Exchange Intervention Policy of 2023, is part of ongoing efforts to support liquidity and maintain stability in the currency market.
In its public notice, the central bank said the auction cleared at a weighted average exchange rate of TZS 2,447.55 per US dollar.
Demand for the greenback remained high as banks tendered bids worth USD 32.25 million far above the amount offered reflecting continued pressure in the market.
BoT reported that participating banks quoted rates ranging between TZS 2,400 and TZS 2,450 per dollar, with successful bids falling between TZS 2,443.25 and TZS 2,450. Out of the 26 banks that entered the auction, 15 were awarded allocations.
The central bank noted that the sale aimed to provide liquidity and ensure the orderly functioning of the interbank foreign exchange market at a time when import needs, regional trade flows and seasonal demand have kept pressure on the shilling.
Authorities reaffirmed their commitment to closely monitoring market conditions and intervening when necessary to safeguard macroeconomic stability.