The Bank of Tanzania has taken steps to support the availability of foreign currency in the country by injecting USD 15 million into the interbank foreign exchange market.
The action was carried out on 18 February 2026 through a foreign exchange auction involving commercial banks.
The aim was to increase liquidity in the market and ensure that businesses and individuals can access foreign currency more smoothly for trade, imports, and other legitimate needs.
During the auction, banks submitted requests totaling USD 21.5 million, which was higher than the amount offered.
This strong demand shows continued need for foreign currency in the economy. Out of 25 banks that participated, 18 were successful, and the full USD 15 million was allocated.
The foreign currency was sold at an average exchange rate of TZS 2,587.85 per US dollar. The rates offered by banks ranged from TZS 2,552.06 to TZS 2,596.57 per US dollar, reflecting normal market conditions.
The Bank of Tanzania explained that this intervention was conducted in line with its Foreign Exchange Intervention Policy and is part of its ongoing efforts to maintain stability in the foreign exchange market.
Such actions help reduce excessive exchange rate fluctuations and support economic activities that rely on foreign currency.
The Bank reaffirmed its commitment to closely monitoring the market and taking appropriate measures when necessary to safeguard economic stability and public confidence.
