Spread the loveFaith Nyasuguta  Tanzania and India have agreed on an arrangement that will no longer make the US dollar indispensable in trade between the countries. The bilateral trade settlement arrangement allows Tanzania and India to use their own currencies (the Tanzanian shilling and Indian rupee) in transactions. India is one of Tanzania’s biggest trading … Continue reading TANZANIA & INDIA DITCH THE U.S DOLLAR, BEGIN TRADE IN LOCAL CURRENCIES