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Q&A : Maswali na Majibu

This page contains Questions, general Comments and Discussions from readers.

Post your Question or share with us an idea/concept/news in the Industry. I will post Questions received by email and posted on Facebook Page too.

Maswali yote nitayapost hapa, Na yeyote mwenye jibu,wazo au Link ya kupata majibu tushirikiane katika kupata jibu.

Karibuni.

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7 responses to “Q&A : Maswali na Majibu

  1. monfinance

    July 27, 2012 at 1:37 pm

    Question from Reader: kwa nn Financial institution nyingi zinatumia credit facility kama tool kubwa ya kuwapatia faida instead of other tools? – Sent by Email.

     
    • judy

      August 3, 2012 at 8:42 am

      Financial Institution kazi yake halisi is to act as a bridger for savers and borrowers wa fedha (suppliers and consumers of capital in both asset and liability).Ni biashara kama kampuni yoyote nyingine iliokuwa na malengo ya kiuchumi ambapo inakopesha,inakopeshwa, inalipwa na kulipa mafau as a revolving cycle of its initial business. Ni kweli, credit facilities hutumika kama tool moja ya kupatia faida ila sio yenyewe au ndio iliyo kubwa ya kuwapatia faida. Credit facility is a product platform to lending/borrowing needs in aim to bridge/meet business investment for a sustainable growth.

       
  2. monfinance

    July 27, 2012 at 1:38 pm

    Qn: As a foreign investor from the states, if i were to ask you what’s wrong with the DSE and why is it trading so low, what chances are there for a foreign investor? – sent by Email

     
  3. monfinance

    July 27, 2012 at 1:41 pm

    Qn: What are some of the monetary policy measures used by Tanzania government to control inflation. – posted by Amin Swai on http://monfinance.com/about/

     
    • monfinance

      July 27, 2012 at 5:39 pm

      Ans:

      In accordance with Section 21 (3) to (6) of the Bank of Tanzania Act 2006,the central bank
      submits the Monetary Policy Statement of the Bank of Tanzania.

      The Statement reviews monetary policy implementation and macroeconomic
      developments during the previous economic year. It then outlines the monetary policy stance and
      measures that the Bank of Tanzania intends to pursue in following year.

      Some of monetary policies used by the Tanzania government through the Central bank in 2011/2012 are;
      1. Liquidity management and Interest rate Developments – this was implemented by raising the minimum reserve requirements to government deposits held by commercial banks and increased the bank rate by 442 basis points (to 12.0%) – the policy measure taken coupled with developments in commercial banks’ investment preferences in foreign assets ,strict government expenditure and good revenue performance led to shilling liquidity squeeze among the banks.

      2. Exchange rates developments – The Bank of
      Tanzania participated in the IFEM for liquidity management purposes and to
      smooth out short-term fluctuations in the exchange rate. The rapid depreciation of the
      Shilling that had been caused by, among others, increase in global demand for
      dollars, rapid expansion in the oil imports and delays in disbursement of foreign
      program assistance; was followed by appreciation in the first half of January 2012. The monetory policy measures taken included reduction of banks’ prudential
      limit on foreign currency net open position; strict enforcement of the existing
      restrictions on non-residents’ access to Tanzania shilling denominated credit
      facilities; and increased sales of foreign exchange in the IFEM.

      Read the Full Statement here: http://www.bot-tz.org/Publications/MonetaryPolicyStatements/2012-JUNE-MPS.pdf

       
  4. monfinance

    July 27, 2012 at 6:32 pm

    Question From Jinesh:

    Hai, jinesh dolasia, dar es salaam, after seeing ur website, i wish to know & take help from u regarding City Service Levy Tax, that what we have to pay the tax on whole sales turnover or only taxation product because we deal in both Exemption & Taxation also. If possible please help us from this solution as we are waiting for your reply.
    thanks.

    Reply by: monfinance

    July 25, 2012 at 2:24 pm

    Hi Jinesh. Thanks for your question. The city service levy tax is 0.3% of Turnover. Not only vatable. So for a partial VaT business you pay on a total of vatable and exempt sales. I hope this will help. Visit again!

     
  5. dixon hango

    January 7, 2013 at 5:44 pm

    i need to know the information need by minister of finance in relation to the budget to be presented in the national assembly

     

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