The Bank of Tanzania (BoT) has revoked the operating licence of Farizal Forex Bureau Limited after finding the company in breach of foreign exchange regulations, barring it from continuing to provide currency exchange services.
The revocation, announced in a public notice dated November 9, 2026, took effect on October 5, 2026, under the Foreign Exchange Act, 1992, and the Foreign Exchange (Bureau de Change) Regulations, 2023.
According to the notice signed by BoT Governor Emmanuel M. Tutuba, the decision followed findings that the bureau had violated conditions governing its operating licence and provisions of the country's foreign exchange laws.
The affected licence is registered under number BCL No. 0602-00.
BoT said Farizal Forex Bureau Limited was no longer authorised to conduct foreign exchange business under the revoked licence, warning the public that the company had ceased to be a licensed operator.
The decision underscores the central bank's regulatory responsibility to ensure that foreign exchange operators comply with licensing requirements and operate within the law.
BoT said it remained committed to protecting consumers of foreign exchange services and ensuring that licensed bureaux de change adhere to the applicable legal and regulatory framework.
The central bank did not disclose specific details of the violations that led to the revocation.