The service involves to the purchase/sale of the currency of one country using the currency of another country.
You can buy or sell foreign bank notes over the counter in any of our branches countrywide.
The below RATES are applicable for all forex transactions, for larger amounts and equivalent to $1,000.00, our treasury department can be contacted for further negotiations.
You can arrange with our Treasury team for the sale or purchase of a specific amount of foreign currency at a specified exchange rate for settlement on a date up to 180 days (6 months) in the future.
This enables you to eliminate any risk of exchange rates moving between the time that commitment is first established (deal date) and the date of actual delivery of funds (value date) at no additional cost.
Swaps allow our clients to manage the exchange and interest rate risks associated with financing and investing in currencies other than the domestic one. These deposits are under Qardh contract.
Amana Bank provides fast and secure remittance services, be it locally or anywhere around the world.
A local telegraphic transfer is an electronic instruction to send or receive money using SWIFT platform from one bank account to another bank account within Tanzania where the settlement is done using Tanzania Inter-bank Settlement System (TISS), which is the country’s payments settlement system that processes high value and time sensitive payments on real time basis.