DAR-The Bank of Tanzania intervened in the Interbank Foreign Exchange Market (IFEM) according to its Foreign Exchange Intervention Policy, 2023.
In this intervention, the Bank sold USD 25.00 million through an auction at a weighted average exchange rate of TZS2,663.16 per USD.
The aim of this auction was to facilitate attainment of monetary policy objectives. The foreign exchange auction results are as follows:
