Tanzania Posts Balance of Payments Surplus to $700 Million
12 March, 2020 - 12:01
THE overall balance of payments improved to a surplus of 699.6 million US dollars in year ending January compared to a deficit of 861.3 million US dollars in the corresponding period of 2019, on account of the narrowing of current account.
According to the Bank of Tanzania (BoT) monthly economic review for January, the current account deficit narrowed to 1,137.2 million US dollars from 2,314.2 million US dollars in the corresponding period a year before owing to ...read more
