Treasury bonds accounted for over three-quarters (75.5 percent) of the domestic debt stock. The 25-year bond, which was first introduced on the Dar es Salaam Stock Exchange in April 2021, has become popular on the DSE, outstripping the shorter-term options by far. The Bank of Tanzania (BoT) has launched a new round of Treasury bond auctions in its effort to contain the domestic debt and improve money supply in the face of foreign currency shortages. The central bank announced plans to re-open 10-year, 15-year, 20-year and 25-year Treasury bonds before the end of the 2023/2024 fiscal year, starting with a tender auction on a 20-year bond on February 21 at a 15.49 percent interest rate. Is selling of bonds trapping teh country in debts ?
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