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.

TheCitizen

Habari Zinazoendana

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

 

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

TheCitizen

03 May

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.

 

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

30 Apr

Govt moves to save free-falling shilling

Disturbed by the shilling depreciation against the US dollar, the government is undertaking several measures to cushion the negative impact of a weaker local currency on the economy.

 

10 years ago

TheCitizen

01 May

Use forex reserves to rescue free-falling shilling, says Mtei

Arusha. Former Bank of Tanzania (BoT) Governor Edwin Mtei, yesterday advised the central bank to use foreign currency reserves in a bid to prevent the shilling from depreciating further against the greenback.

 

5 years ago

CNBC

05 Apr

Fed's Bullard says US economy not in 'free fall' despite 32% unemployment projection

Fed's Bullard says US economy not in 'free fall' despite 32% unemployment projection  CNBCFed's Bullard: Economic relief bill 'well-sized' to help US Economy  FXStreetSunday Strategist: The Payoff on Layoffs Takes Longer Than You Think  BloombergFed's Bullard says another coronavirus economic relief bill might not be needed  Fox BusinessSaudi Arabia delays issuance of May crude prices until after OPEC+ meeting – Reuters  FXStreetView Full coverage on Google...

 

11 years ago

TheCitizen

28 Apr

There’re things that you just cannot explain

A farmer was sitting in the neighbourhood bar getting drunk. A man came in and asked him, “Hey, why are you sitting here on this beautiful day, getting drunk?” The farmer shook his head and replied, “Some things you just can’t explain.”

 

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