Implementation of Electronic Matching System in the Interbank Foreign Exchange Market

This circular announces the implementation of an Electronic Matching System (EMS) in Tanzania’s interbank foreign-exchange market. It explains participation requirements for commercial banks and eligible non-bank institutions, the use of firm quotes and transaction volumes, and the requirement for covered Tanzanian shilling–US dollar spot transactions to be conducted through the system. It is useful to financial institutions, foreign-exchange market participants, compliance officers, and researchers studying financial-market reforms

Country

Tanzania

Type

Central-bank circular

Published

28 April 2026

File size

346 KB

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