Tanzania chides neighbours over forex reserve crisis

Tanzania’s president has said her country’s East African neighbours are facing a foreign currency reserve crisis.

President Samia Suluhu Hassan said Tanzania had received requests to offer guarantees for their fuel imports.

She made the remarks on Wednesday while discussing Tanzania’s economic footing.

Quote Message: We have [foreign currency] reserves that can last for four months, our neighbours don’t even have reserves to last for a week.
We have [foreign currency] reserves that can last for four months, our neighbours don’t even have reserves to last for a week.

Quote Message: “We are receiving requests [from neighbours] to offer guarantees for fuel imports. I tell them we are in the same situation – although our economy is stronger.

“We are receiving requests (from neighbours) to offer guarantees for fuel imports. I tell them we are in the same situation – although our economy is stronger.”

Mrs Samia said Tanzania’s economy was the most economically stable in the region at the moment.