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.

TheCitizen

Habari Zinazoendana

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.

 

9 years ago

TheCitizen

26 Nov

Foreign reserves, tourism save shilling

The first six months of the current calendar year was bad to the Tanzania shilling so much that it even sent prices of imported products up.

 

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

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

The Guardian

27 Feb

Free Solo climbing star Alex Honnold falling – Keith Ladzinski's best photograph

Free Solo climbing star Alex Honnold falling – Keith Ladzinski's best photograph  The Guardian

 

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.

 

11 years ago

To Motivate Students, Teachers

05 May

Dodoma reserves 500m/

Daily News
Dodoma reserves 500m/- to motivate students, teachers
Daily News
DODOMA regional government has set aside 500m/- in the next financial year as incentive to best performing secondary schools, teachers and students. Dodoma Regional Commissioner, Dr Rehema Nchimbi, made the remarks here at the opening of the ...
PM Pinda urges public to review education ministry performanceIPPmedia

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9 years ago

TheCitizen

28 Sep

What Tanzanians think should be done with gas reserves

Close to half of Tanzania's citizens (46%),  think that the gas should predominantly be used to provide electricity for the country.  The next most popular usage of gas is for global export as 39% of Tanzania's favour this method to stimulate the local economy.  However up to 11% of the people questioned did not  necessarily have a preference for selling to the East African region.

 

11 years ago

TheCitizen

06 Jun

House team says no to use of forex locally

The government has been advised to repeal the 2008 law which allows foreign currency usage locally in a bid to prevent ‘dollarisation’ from taking root in the country.

 

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