Bank of Tanzania Optimistic About Weaker Currency

MaxShimba

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The Central Bank of Tanzania (BoT) has indicated in recent reports that it is not concerned about a possible further decline in the Tanzania shilling because a weaker currency could potentially help boost the country's exports.

"The depreciation of the shilling is not excessive," said Benno Ndulu, the governor of the Bank of Tanzania, during a recent conference in Dar es Salaam, "Over the last five years the shilling has depreciated by 20 percent, which translates annually into 4.5 percent each year."

Governor Ndulu went on to explain that the difference in inflation between Tanzania and their trading partners currently stands at approximately 5 percent, which helps to explain the level of depreciation.
Read more »Tanzania Stock Exchange
 

Ndinani

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Ndinani

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hawa ndio wachumi wetu ambao tumewakabidhi mikoba...........kaaazi kweli kweli!
Kwa uteuzi wa huyu gavana Kikwete amelamba galasha hata kama alitokea world bank!! Marehemu Ballali aliweza kuthibiti mfumuko wa bei enzi ya Mkapa kushuka mpaka single digit [4%] pamoja na ufisadi uliokuwa unafanyika.
 

Balozi Chriss

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Balozi Chriss

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Jamani mimi nimeshakiri kuwa yeyote anayeteuliwa na ****** ni kanjanja tu maana ****** hajui alitendalo.
Sasa makanjanja wake watafanya nini kipya ktk uchumi wetu?WOTE ni makanyaboi tu.
 

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