Report on exchnge control ordinace, (CAP, 294)

Abstract

Pursuant to Section 9(1) ofthe Law Reform Commission ofTanzania Act, 1980 the Commission, acting on the public concern on the anomaly in the law and practice of Exchange Control currently obtained in the country taking into account the proclainled trade liberalisation policy, the Commission made a study ofthe problem with the view of advising the Government on changes, ifany, which could be made in the law as to cure the said anomaly so as to harmonise law and practice ofexchange control. In our investigation all statutory instruments relevant to this problem, in particular the Exchange Control Ordinance, Cap.294 were critically examined. Also officials from various institutions responsible for the administration of the Exchange Control Ordinance, Cap.294 were consulted from both sides of the Union; these institutions were: the Bank of Tanzania Headquarters and its branch in Zanzibar, the Attorney General's Chambers, Dar es Salaam and Zanzibar, the Treasury, Dar es Salaam and Zanzibar, the People's Bank ofZanzibar and the Law Review Commission ofZanzibar. In accordance with section 14(1) of the Law Reform Commission ofTanzania Act, 1980, we submit our Report on Exchange Control Ordinance, Cap. 294