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On 1 s t January 2 0 0 3 , a Tanzanian manufacturer won an order to supply goods to the United States of America

On 1st January 2003, a Tanzanian manufacturer won an order to supply goods to the United States of America under a recently agreed trade cooperation between Tanzania and the USA business community at a price of US $20,000 with delivery and payment in three months. To fulfill the order, it is necessary for the manufacture to obtain raw materials from Uganda and Kenya at a cost of UGS 10,000,000 and KES 200,000 respectively, both with payment on delivery in one month. The manufacturer estimated his conversion and other cost to be TZS 5,000,000. The manufacturer arranged with his bank to cover these transactions in TZS on theforward exchange 2003.
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