Dollar crunch weakens shilling further

A dollar crunch has seriously depreciated the shilling.While indicative exchange rate by the Bank of Tanzania (BoT) was capped at Sh1,682.99 on Monday, for instance, commercial banks exchanged among themselves by up to Sh1,701 per dollar, the highest since the beginning of the year, the central bank figures show.

TheCitizen

Habari Zinazoendana

11 years ago

TheCitizen

08 Jun

Shilling loses against dollar for 9 consecutive weeks

The shilling suffered again this week against the dollar after failing to recover the exchange rate ground it lost for eight consecutive weeks.

 

10 years ago

TheCitizen

24 Jun

Shilling nears 2,500 mark against dollar

The shilling’s further tumble came as a defiant Finance minister Saada Mkuya told the House that there was nothing the government could do because all major currencies in Africa were in free fall, thanks to the stronger dollar.

 

10 years ago

TheCitizen

13 Feb

Shilling hits record low against dollar

The shilling has tumbled to a record low, with analysts and dealers predicting a freefall that could see the local currency trade at an average of Sh2,000 against the dollar during the campaign period. 

 

11 years ago

TheCitizen

04 Feb

Shilling hopes hit a snag as dollar rises

Early January expectations that the shilling would strengthen against the dollar were dashed towards end of the month after demand for the greenback skyrocketed.

 

10 years ago

TheCitizen

29 Apr

EDITORIAL: Curb use of the dollar to rescue ailing shilling

>The Tanzanian shilling is in very bad shape, so much that some analysts describe it figuratively as a currency that is in its death throes. It is cause for concern for us all, for it pains that while you could have purchased a dollar at around Sh600 in the late 1990s, you have to cough up Sh2,000 today for a single greenback.

 

5 years ago

SciTechDaily

28 Mar

Too Much Salt in Your Diet Weakens Your Immune System

Too Much Salt in Your Diet Weakens Your Immune System  SciTechDaily

 

11 years ago

TheCitizen

06 Jul

Infighting weakens party, lament Simiyu CCM cadres

Members of the ruling Chama Cha Mapinduzi (CCM) in Maswa District in Simiyu Region have said that the party is likely to lose in the forthcoming local government elections because of internal divisions.

 

10 years ago

Turkish Press

07 Feb

Tanzania's funding crunch

Tanzania's funding crunch
Turkish Press
ARUSHA – The Tanzanian government is facing financial crises that are hindering a number of development projects due to funding shortfalls. "We have been operating on a shoestring budget for the past six months now," Finance Minister Saada Mkuya told ...

 

10 years ago

East African Business Week

25 May

EAC should face up to budget crunch

EAC should face up to budget crunch
East African Business Week
At the best of times, the East African Community (EAC) Secretariat staff in Arusha would wish for more than the $110 million regional legislators are debating at present. Notably, the budget for 2015/16 is about $15 million less than the previous one of $126 ...

 

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