Recent content by Fx Trader

bravo JPM! but the shilling has not appreciated! the the 20% depreciation was caused by caused by JK government and our governor! IMF termed Tanzanian shilling depreciation as disorderly The government spent over usd 500m in two months for the wagons and BVR machines! BOT unexpectedly...

shilling iliporomoka zaidi ya asilimia 24% chini yake! we deserve better!

Ndulu is a failure! he eased monetary policy in January (reduced SMR from 10% to 8%) when the currency was under pressure from no donor inflows, low agriculture flows and expansionary fiscal policy! He forgot BoT 's Mandate of low and stable inflation. No doubt the shilling depreciated more...

only 6m? so Bank of Tanzania will not fine stanbic Tanzania ?

I smell IMF here!

Serikali is one of the biggest sources od usd demand!! Bvr, foreign trips, mashangingi! !!

Well it was an open secret. But so is the kenyan shilling and the imf did categorically state that. But it also stated that the term disorderly depreciation! There is no doubt that the local unit was overvalued! But it is how you get it to equilibrium! Disorderly depreciation has caused a...

The bottom line is that BoT has killed the local units credibility on the pretext of a strong global.dollar. A 24% depreciation of the shilling in 10 months when our economy ia growing at 7%? A fall in gold prices was easily replaced by the growing tourism sector- and Mr. GOVERNOR fyi the...

The government should continue cutting or reducing unnecessary recurrent expenditure I.e. travel allowance, subsidized loans for MPs and now independence day celebration! for example , why should special MPs get car loans? who are they visiting? This in combination with tight monetary policy...

Economists and maofisa wa banki kuu wale wale waliasaidia kupormoka kwa shillingi yetu kwa 24%.

Ndio mana shilligi inapormoka!!

I agree . He should restore some credibility to our currency by curbing unnecessary government expenditure, make the central bank accountable for its inept decision making- i.e. allowing the shilling to depreciate by over 25% before tightening monetary policy and fully liberalize the capital...

in dollar terms thamani ya pato imeongezka?

Its a lie. The 500m plus was spent to purchase the bvr and the wagons and not direct intervention in the market. These foreign news media have no knowledge or very little knowledge of tz.

wakuu lets brace for higher inflation and further depreciation of the shilling! these are all made in Tanzanian a.k.a government of Tanzania! Kenya is a prime example of what the government can do to stabilize the exchange rate! Ndulu learn something from you neighbour!