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Tanzania: Shilling Loses Ground Against Dollar

Discussion in 'Habari na Hoja mchanganyiko' started by R.B, Aug 15, 2012.

  1. R.B

    R.B JF-Expert Member

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    THE shilling has continued to lose against the US dollar as importers' demand outweighs inflows of the hard currencies in the local market.

    National Microfinance Bank (NMB) said in Dar es Salaam the local market was still liquid although the shilling lost the battle against the greenback, sliding by 5/- compared to the end of last week.
    "The shilling traded at 1,575/1,590, over five shillings down from Friday's close," NMB said in its e-market report. Standard Chartered Bank said the dollar was picking up against the shilling due to increased demand in the market.

    "We saw increased activities in the interbank market yesterday and we expect the trend to continue today," the bank said. According to the Bank of Tanzania's July Monthly Economic Review, the shilling has remained relatively stable for the last one month. The central bank data show an exchange rate of 1,584/13 per US dollar at the end of June compared to 1,584/84 of the preceding month.

    "On annual basis, the shilling depreciated by 1.5 per cent from 1,560/08 recorded in June 2011," the report said. In June, 114.2 million US dollars were traded in the Inter-bank foreign exchange market (IFEM) slightly higher than the 106.5 million US dollars transacted in May.

    BoT participated in the market by selling 28.3 million US dollars on net basis compared to 45.9 million US dollars sold in the preceding month. Meanwhile, interbank volume doubled to 31.8bn/- from 15.8bn/-. "The market is expecting the volume to remain around this region for the next two days before slowing on the back of the bills auction which is forecast to be oversubscribed," Standard Chartered Bank said.

    The highest rate was flat at five per cent whilst the lowest rate dropped to its usual low of 0.5 per cent from 3.5 per cent. Average rate decreased to 4.46 per cent from 4.63 per cent.
     
  2. OSOKONI

    OSOKONI JF-Expert Member

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    Ili sarafu iwe na nguvu lazima u export products sisi tuna export nini nje?? believe me soon dollar moja itakuwa shilingi 2000 hakuna muda mrefu sana!
     
  3. King Kong III

    King Kong III JF-Expert Member

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    Tanzania ni ma End Users!!
     
  4. Lu-ma-ga

    Lu-ma-ga JF-Expert Member

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    Nothing but receiving aids to support bajeti ya chai na vitafunwa
     
  5. nngu007

    nngu007 JF-Expert Member

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    Why always TZ Shs get devalued? Malawi Kwacha is 2kwacha per 1US dollars and they are poor than Tanzania?

    Ghana cedi 2 Us Dollars 1 that's the exchange rate for years

    Kenya Shillings 18-20 1 Dollars - it has been at that range for years

    why it is always ours going up and up? and we have all kind of Minerals? and Gas? or is our stupidity again?
     
  6. Jile79

    Jile79 JF-Expert Member

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    Wachumi wa ccm wanakwambia ndege ya uchumi wa tz inapaa kwa kasi, kumbe wanamaanisha matumbo yao na familia zao pamoja na ndugu na maswahiba zao km ilivyo kwa kikwete anapomaanisha maisha bora kwa kila mtz anamaanisha kwa akina riz1, mama salma na akina rostamu
     
  7. Safari_ni_Safari

    Safari_ni_Safari JF-Expert Member

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    Juzi nimeuza mbuzi 100 pale horohoro.........nina hakika haikurekodiwa kama ''export''
     
  8. nngu007

    nngu007 JF-Expert Member

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    Usinichekeshe... Malawi pesa yao ni stable is 1 to 2 per dollars ina Maana wana export zaidi ya wabongo?
     
  9. OSOKONI

    OSOKONI JF-Expert Member

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    Malawi wanaexport kuliko sisi ndio maana sarafu yao ipo strong kuliko yetu sasa wewe unahisi nini kinachoamua sarafu iwe na nguvu? unajua kitu kinaitwa Balance of payment hiyo ndio inaamua sarafu iwe na nguvu kiasi gani against dollar! China sasa hivi wana export sana Yuan ya china ni dola 4 au 5 tu!!
     
  10. j

    jiwe gumu Member

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    Nchi yetu imekuwa soko la wachina,korea na nchi zingine za Asia.Ukienda dukani au wanakoita super market hakuna bidhaa za Tanzania.Hii ndo inaitwa nchi ya digital.Labda tunajitahidi kwenye vileo(bia,brandy nk),huko ndiko tunakusanya kodi.


     
  11. OSOKONI

    OSOKONI JF-Expert Member

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    acha kudanganya watu kwanza Dola moja ya Marekani ni kwacha za malawi 267.5 means hata shilingi yetu ipo strong kuliko kwacha ya malawi!!

    1.00 USD
    =
    267.500 MWK
     
  12. Mpita Njia

    Mpita Njia JF-Expert Member

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    Hapo kwenye red, Mkuu chack our facts vicuri. 1USD goes for around Ksh80. Ni kati ya Sh18020 za Tanzania ndio zinapata Ksh1
     
  13. OSOKONI

    OSOKONI JF-Expert Member

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    XE: (USD/MWK) US Dollar to Malawian Kwacha Rate
    tembelea hapo uone exchange rates acha kuongea ukiwa baa!!
     
  14. nngu007

    nngu007 JF-Expert Member

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    Na Malawi ni Maskini hivyo? hela zote za ku-export zinaenda wapi? Sisi tuna export zaidi yao in volumes
     
  15. nngu007

    nngu007 JF-Expert Member

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  16. kivyako

    kivyako JF-Expert Member

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    Tanzania tuna export viongozi kwenda nje, does that not count?
     
  17. Mwanahisa

    Mwanahisa JF-Expert Member

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    Yani tunaexport mpaka wanyama walio hai lakini wapi, madafu ndio kwanza yanaelekea ratio ya 1USD: 2000 TSH
     
  18. k

    kupe JF-Expert Member

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    umesahau na mozambique hela yao kubwa sana
     
  19. B

    Bulesi JF-Expert Member

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    Enzi ya Mkapa akiwa na marehemu Balali kama governor, sarafu yetu ilikuwa strong sana na mfumuko wa bei ulikuwa single digit!! Toka ameletwa huyu governor toka world Bank ,mfumuko wa bei ndio huo double digits na sarafu ndio hiyo inazidi kudepreciate!! Alitudanganya kuwa anabadilisha noti na kuleta noti bora kuliko za mwanzo ukweli ni tofauti kabisa na hali halisi kwani noti zao mpya hazina ubora wowote na havi sasa noti zao zimechakaa hata muda haujapita. The sooner this guy is replaced the better for the economy; he does not even know that we are more secure keeping our reserves in the form of GOLD than in foreign currencies until he is forced by parliament!!
     
  20. grey

    grey Senior Member

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    Aug 16, 2012
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    Duh,
    tena inasemekana (inside info) gavana ameonezewa tena contract miaka 10. kaazi kweli kweli.
     
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