De-Dollarization: Tanzania Outright Bans Dollars For All Domestic Commerce
“Foreigners, including tourists, are required to exchange foreign currency through commercial banks or the Bureau de Change in Tanzania."
The African nation of Tanzania recently announced that the country will no longer be allowing U.S. dollars in domestic transactions in a bid to better stabilize the Tanzanian Shilling amid a foreign currency shortage in 2023–2024. Exceptions include:
Payments to international organizations by the government.
Transactions at duty-free shops and embassies.
Foreign currency-denominated loans and non-resident payments to Tanzanian businesses (e.g., tourism services).
According to a statement from the Bank of Tanzania:
“Under these Regulations, pricing and payment for all goods and services within the country must be in Tanzanian Shillings. Therefore, it is an offence to quote, advertise, or indicate prices in foreign currency, to compel, facilitate, or accept payment in foreign currency, or to refuse payment made in Tanzanian Shillings.
“The Regulations also specify transactions that are permitted to be conducted in foreign currency. Furthermore, the Regulations have set a time limit on contracts executed in foreign currency and prohibit entering into or renewing contracts that require payments in foreign currency effective from March 28, 2025.
“Foreigners, including tourists, are required to exchange foreign currency through commercial banks or the Bureau de Change in Tanzania. They may also continue making payments using bank cards or other digital payment methods.”
Watcher.guru noted that Tanzania took inspiration from BRICS nations in their bid to de-dollarize. “What BRICS failed to do to the US dollar, Tanzania got its accomplished,” the outlet noted.
AUTHOR COMMENTARY
Tanzania’s currency ban also applies to other currencies as well, so the headlines were meant to grab reader’s attention, but it still nevertheless does not underscore that nations around the world are rapidly getting out of the dollar. The world is now multipolar and the American empire that we had is coming to an end, being ripped apart piece by piece as to reset the table and create a new fractionalized, tokenized monetary system.
Job 12:23 He increaseth the nations, and destroyeth them: he enlargeth the nations, and straiteneth them again.
The Lord Of Glory: The Detailed Guide To Who God Is – Available Now!
On one of his missionary journeys, the apostle Paul visited Athens, Greece, where he said he witnessed “the city wholly given to idolatry,” and who were “too superstitious” and worshipped a plurality of gods and deities, though the people acknowledged that there was still one God above all that was a mystery to them. When questioned by the philosophers …
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
The WinePress needs your support! If God has laid it on your heart to want to contribute, please prayerfully consider donating to this ministry. If you cannot gift a monetary donation, then please donate your fervent prayers to keep this ministry going! Thank you and may God bless you.
Does America care? If we don't do business with them, then who cares if they decided to start a trend.
It is heartening to hear that the american corporate terrorist control is slipping away. The world is waking up to the holocaust committed by these demonic institutions. May they now be stripped of their proceeds of historic fraud and crime to provide reparation for the evil they have wrought upon us all.