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.

TheCitizen

Habari Zinazoendana

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

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.

 

5 years ago

Eurogamer.Net

05 Apr

Inside gaming's least safe safe rooms

Inside gaming's least safe safe rooms  Eurogamer.net

 

10 years ago

TheCitizen

15 May

Kimei’s take on the shilling

>A seasoned banker yesterday called upon the Bank of Tanzania (BoT) to leave the value of the Shilling to be determined by market forces.

 

9 years ago

TheCitizen

21 Oct

Why aren’t we praying for the shilling?

Zambians observed a national day of prayers on Sunday, October 18, as they sought divine intervention to save their currency, the kwacha, from its free-falling spree.

 

10 years ago

TheCitizen

18 Feb

How shilling’s woes affect you

>Before July last year, a barrel of oil that is trading at $50 would have cost a local oil importer Sh82, 500 at an exchange rate of 1,650 against the US dollar.  Barely six months later, the same barrel costs a Tanzanian importer Sh93, 000—an extra Sh11, 500—thanks to the tumbling local currency against the US dollar.

 

11 years ago

TheCitizen

10 Jun

Act to save the shilling

Reports that the Tanzanian shilling has been falling against the dollar for nine consecutive weeks is disturbing but not surprising.

 

10 years ago

Vijimambo

TANZANIA SHILLING DECLINE

Tanzania shilling exchange to US dollar today: 1992 per US dollar.The average decline of Tanzania shilling per day: 20 shillings.

 

10 years ago

TheCitizen

04 Dec

Why weaker shilling is bad for our economy

When Japan’s Finance Minister Taro Aso said recently that the yen--which struck a six-year low against the dollar last month --was not particularly weak while hinting that the currency’s decline was both good and bad for the economy, many people may have wondered what he was up to.

 

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