BoT governor, Zitto differ over causes of shilling fall

>The drop of gold price in the world market, donors withholding aid funds and business loans are to blame for the fall of shilling against the US dollar, according to central bank governor Prof Benno Ndulu.

TheCitizen

Habari Zinazoendana

11 years ago

TheCitizen

01 Jun

Shilling safe, says BoT

The shilling continued losing against the dollar this week, but the central bank says it has enough hard currency to deal with any threat on the value of the local unit.

 

10 years ago

TheCitizen

14 May

BoT measure to rescue shilling faulted

The intervention in the Inter-bank Foreign Exchange Market (IFEM) by the Bank of Tanzania (BoT) to prop up the shilling is not a panacea, according to a University of Dar es Salaam professor.

 

10 years ago

TheCitizen

02 May

Experts explain reasons behind fall of TZ shilling

Financial market practitioners are associating the depreciation of the shilling with the strengthening of American economy, which has seen a number of currencies across the world losing value.

 

10 years ago

TheCitizen

26 Jun

Shilling fall concern as Finance Bill discussed

If the depreciation rate of 6.36 per cent will persist, the shilling will hit Sh3,000 per greenback in the middle of August

 

10 years ago

TheCitizen

03 May

CROSSROADS: Free fall of our shilling: let authorities explain

>The free fall of the Tanzania currency – shilling -- against the greenback to an all-time low has been the talk of the town in recent weeks. It depreciated to Sh2,015 against the dollar last week from last year’s average of Sh1,630. Even as efforts are now being made to rescue the situation, we still need thorough explanations.

 

9 years ago

TheCitizen

16 Sep

Shilling fall, rivalry ail cement firm

Tanga Cement Company incurred a loss of Sh6.9 billion in the first six months of this year.

 

10 years ago

IPPmedia

16 Feb

Mbowe allays fears over fall of Tanzanian Shilling against major world currencies

Mbowe allays fears over fall of Tanzanian Shilling against major world currencies
IPPmedia
The National Chairman of opposition Chama cha Demokrasia na Maendeleo (Chadema), Freeman Mbowe,has allayed fears over fall of Tanzanian Shilling against the major currencies, saying that the gradual fall actually has a positive impact on the country's ...

 

10 years ago

TheCitizen

06 Nov

A leader and a manager differ

“Before you are a leader, success is all about growing yourself. When you become a leader it’s all about growing others.”—Jack Welch.

 

10 years ago

TheCitizen

02 Dec

Ministers differ over airport

The dispute over the proposed Serengeti International Airport took a new twist here after the minister for Livestock Development and Fisheries joined those supporting the construction.

 

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