Tanzania's Central Bank Cracks Down on Unlicensed Forex Brokers The Bank of Tanzania (BoT) has implemented new foreign exchange (forex) regulations to combat dollar shortages and bolster the country's financial stability. These measures, effective June 1st, target unlicensed international forex brokers and mandate all forex transactions exceeding $1 million to be executed within the interbank market at prevailing rates. According to the BoT, these restrictions aim to "promote macroeconomic stability and safeguard the stability of the Tanzanian financial system." Dollar