The Bank of Tanzania (BoT) has sold USD 28.75 million in the Interbank Foreign Exchange Market (IFEM) to increase liquidity and support stability in the foreign exchange market.
In a public notice issued on 26 May 2026, BoT said the intervention was carried out in line with its Foreign Exchange Intervention Policy of 2023, aimed at ensuring smooth market operations and sufficient availability of foreign currency.
The auction attracted strong demand from commercial banks. While the central bank initially offered USD 20 million, total bids reached USD 28.75 million, all of which were fully accepted, reflecting sustained demand for US dollars in the market.
The weighted average exchange rate was recorded at TZS 2,619.31 per US dollar. The highest accepted bid rate stood at TZS 2,630.00, while the lowest accepted rate was TZS 2,610.00, indicating relatively stable pricing within the auction range.
A total of 21 commercial banks participated in the auction, and all were successful, showing broad participation across the banking sector.
BoT said the intervention was necessary to ensure adequate liquidity in the foreign exchange market and maintain orderly market conditions.
The IFEM remains the key platform where banks trade foreign currency to meet demand from importers, businesses, and other economic activities.
Through such operations, the central bank helps ensure that businesses and individuals with foreign currency needs can access dollars for trade and international payments without major disruptions.
The Bank of Tanzania reaffirmed its commitment to maintaining stability in the foreign exchange market and ensuring transparency in all its operations, in line with its policy framework.
The notice was issued by the Directorate of Financial Markets, which oversees money and foreign exchange operations in the country.
