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nid 92340
Apr 28, 2026
rghosh@vixio.com
Tanzania
Bank of Tanzania - News Updates
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1192 charsTanzania's Bank Designates Market Makers for Electronic Matching System
On April 20, 2026, the Bank of Tanzania designated eight financial institutions as Market Makers for the Electronic Matching System (EMS) in the Interbank Foreign Exchange Market. The designated Market Makers are: ABSA Bank Tanzania Limited, Citibank Tanzania Limited, CRDB Bank Plc, Exim Bank Tanzania Limited, National Bank of Commerce Limited, NMB Bank Plc, Stanbic Bank Tanzania Limited, and Standard Chartered Bank Tanzania Limited.
The designation follows the issuance of the Guidelines on the Electronic Matching System (EMS), 2026. The Bank of Tanzania established this framework to support liquidity, orderly market conduct, and efficient price discovery in the Interbank Foreign Exchange Market. Market Makers are required to continuously post two-way quotes and associated volumes throughout trading hours to fulfil their designated role.
All Electronic Matching System participants, including commercial banks and non-bank institutions, have been notified of these appointments and are advised to take the designation into account in their market operations. The appointment is effective immediately, and Market Makers must comply with their obligations under the EMS framework.
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1196 charsBank of Tanzania Designates Market Makers for Electronic Matching System
On April 28, 2026, the Bank of Tanzania designated eight financial institutions as Market Makers for the Electronic Matching System (EMS) in the Interbank Foreign Exchange Market. The designated Market Makers are:
ABSA Bank Tanzania Limited.
Citibank Tanzania Limited.
CRDB Bank Plc.
Exim Bank Tanzania Limited.
National Bank of Commerce Limited.
NMB Bank Plc.
Stanbic Bank Tanzania Limited.
Standard Chartered Bank Tanzania Limited.
The designation follows the issuance of the Guidelines on the Electronic Matching System (EMS), 2026 . The Bank of Tanzania established this framework to support liquidity, orderly market conduct, and efficient price discovery in the Interbank Foreign Exchange Market. Market Makers are required to continuously post two-way quotes and associated volumes throughout trading hours to fulfil their designated role. All Electronic Matching System participants, including commercial banks and non-bank institutions, have been notified of these appointments and are advised to take the designation into account in their market operations. The appointment is effective immediately, and Market Makers must comply with their obligations under the EMS framework.