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.

TheCitizen

Habari Zinazoendana

11 years ago

TheCitizen

25 May

Shilling’s new troubles to hurt economy

>The shilling once again performed poorly against the dollar this week making it the seventh in a row.It is an unprecedented stretch of losses in almost three years.

 

10 years ago

TheCitizen

09 Apr

Red tape bad for economy, we cut it or we get stuck

Tanzania does not come out smelling like roses in the World Bank’s yearly Doing Business reports publications, largely due to bureaucratic procedures in areas such as handling construction permits and paying taxes.

 

10 years ago

TheCitizen

26 Apr

MSHOMBA: Why banning ‘mitumba’ is bad for East Africa’s economy

>One of the most common arguments for trade barriers is that they are needed to create or protect domestic jobs.  It is an easy argument to make because it sounds patriotic, even if it is flawed.

 

11 years ago

TheCitizen

28 Jun

DANIEL BYMAN: Choosing between bad guys and bad govt

>In the fight against jihadist insurgents across the planet, the United States can offer its partners a lot of help: arms and intelligence, training for local security forces, economic aid, and in extreme cases, air strikes to take out the bad guys.

 

11 years ago

TheCitizen

13 Jun

ECONOMY: Tanzania economy still fastest in region- report

>Tanzania maintained its place as one of 20 fastest growing economies in the world with its average growth rate of 6.9 per cent between 2005 and last calendar year, it has been reported.

 

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.

 

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.

 

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.

 

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