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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 January 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 $ 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 and KES respectively, both with payment on delivery in one month. The manufacturer estimated his conversion and other cost to be TZS The manufacturer arranged with his bank to cover these transactions in TZS on theforward exchange
tabletable January
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