Tanzania's Citizen newspaper was accused of relaying false information in a recent article on the devaluation of Tanzanian shilling.
The action against The Citizen newspaper follows growing complaints by opposition supporters and civil society groups at what they say are moves to stifle dissent and create obstacles for journalists and rights activists.
It reported the US dollar was selling at 2,415 Tanzanian shillings, compared to 2,300 at the central bank's rate, according to surveys carried out in foreign exchange bureaus and banks. "You deliberately published false and misleading information to make Tanzanians believe that the Tanzanian shilling has depreciated over the last three years," the media registration body said in a letter dated Wednesday sent to the owners of the newspaper, Mwananchi Communications.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tanzania suspends leading newspaper over currency report | News | Africa | M>anzania has suspended a leading newspaper and its website for a week accusing it of falsely reporting currency exchange rates.
Read more »
EOH suspends employees involved in sabotaging Microsoft deal | IOL Business ReportEOH Holdings has suspended some of its employees that were involved in deals being reviewed by its lawyers.
Read more »
'Please try next week' - rocky start as new Zim currency hits the marketMost banks in Zimbabwe were not selling US dollars to individuals holding RTGS (real-time gross settlement) dollars on the first day of trading, with numerous bank employees saying it simply does not make business sense.
Read more »
Zimbabwe's new currency unmoved as transactions stay restrictedZimbabwe's new currency was stuck around 2.5 to the US dollar on Tuesday as tight restrictions on trading and exchanging it remained in place despite a central bank pledge to let the RTGS dollar trade freely. Zimbabwe abandoned a discredited 1:1 dollar peg for its dollar-surrogate bond notes and electronic dollars last week, merging them into a lower-value transitional currency called the RTGS dollar in an effort to ease chronic cash shortages.
Read more »
Sars warns against currency smuggling after man arrested with R10m at ORTIASars spokesperson Sicelo Mkosi says the man was detained as he was unable to explain why he was carrying the large amount of cash.
Read more »
Zimbabwe's new currency to trade at 2.5 vs US dollarZimbabwe's economy has been on a downturn for more than a decade with high inflation and cash shortages which forced banks to put a ceiling on withdrawals.
Read more »
Zimbabweans queue outside banks as new currency begins trading | IOL NewsQueues formed outside banks in the Zimbabwean capital Harare as the central bank opened trading of a new currency, a Reuters witness said.
Read more »
Zimbabwe launches new, discounted currency as banks reopenZimbabwe The Reserve Bank of Zimbabwe said on Wednesday it would scrap the official 1:1 peg between its quasi-currency bond note and the US dollar, creating a new parallel currency called RTGS dollars.
Read more »