TANZANIA foreign reserves has reached $4.4bn as of April, 2019.
Minister for Finance and Planning, Dr Philip Mpango told Parliament today (Thursday) in Dodoma that the amount is equivalent to 4.3 months imports.
According to Dr Mpango, the amount was high compared to the government expectation of 4.0 months import.
“The foreign reserve at the Bank of Tanzania (BoT) is satisfactory. We have a total of 4.4bn US dollar, which is equivalent to 4.3 month imports,” he noted.
The Minister said the reserve has increased confidence to investors and big traders in the country.