Currency Crisis: BoT and MoF, issue a statement!

[Sangarara]

Today the mkt closed at 1710 against 1715!

What margins have you been making, before we poke fingers into BOT.

 

[rpg]

Kama serikali yenyewe inafanya malipo ya ndani kwa dola unategemea nini?


Soth Africa ukitumiwa fedha kutoka nje zikiwa kama dolar, wanaziconvert wanakupa Rands. Na hawaruhusu matumizi ya dola. Matokeo yake siku ukiondoka huko unalazimika kubadilisha rands to Dola, kwao faida inakuwa mara mbili!

 

[Manyerere Jackton]

Hapa dawa ni kubana mzunguko tu kama alivyofanya mzee ben.

 

[MchunguZI]

Bot can only provide short term measure but the truth remains foreign currency regulations is a function of supply and demand

You are not even a mediocre economist. How can foreign currency be regulated by Supply and demand? That is secondary school economics. Is Nape your Classmate?

On forex, for a country like this of ours, talk of trade balance. Export v/s import. The panic explained by Fx Trader is actually stirred by importers, they know how can it be fatal to their business. So it is a struggle against time.

The BoT involvement needs its forex reserve. They can stabilize the gravity falling of our TZS by pumping in part of its reserve, but do they have that strength? NO! NO! we are beggars. Like always we thought there will be a timely external injection of forex! Nothing is coming because of our stupid IPTL saga.

We have several times said about BoT brains. BoT is supposed to be the center of all the nerves unfortunately it is a place for our beloved sons and daughters who failed somewhere but would like to have good salaries. Is Ndulu the best we have in this country to manage our central bank? A man who would allow our reserve be scooped for family use? No! He is another waste of our brain!

 

[LazyDog]

Sababu ni nying lakini as long as production base yetu iko poor/weak shilingi itapoteza thamani tu.
Uingizaji (importation) ya bidhaa ni kama kawa yaani hata vitunguu na machungwa!

Bureau de change zimejaa kuliko shule, hamna juhudi za kudhibiti foreign currency trade, kodi ya pango na manunuzi mbalimbali hata kulala hoteli ni dola ya mmarekani!
Tumeipa umaarufu wenyewe na mabo yametuzidi!
Nchi zote duniani wan trade na currency zao isipokuwa Bongo! basi na tulie tu labda ifanywe DEVALUATION

​

Badala ya kutengeneza viwanda kuongeza ajira nchini tuuze nje ya mipaka yetu, sera mpya ya CCM (Kinana) ni kuwapa vijana bodaboda (imported) ziwafanye vilema.

JK alipokuwa anaingia Ikulu mwaka 2005 exchange rate ilikuwa 1usd = 1,000 sasa (only 9 yrs) ni 1,710.

Rate ya inflation Tanzania kwa kipindi hicho cha miaka 10 ni mbaya zaidi ukilinganisha na nchi nyingine za East Africa ukitizama hizi charts at www.xe.com.

 

[Makupa]

You are not even a mediocre economist. How can foreign currency be regulated by Supply and demand? That is secondary school economics. Is Nape your Classmate?

On forex, for a country like this of ours, talk of trade balance. Export v/s import. The panic explained by Fx Trader is actually stirred by importers, they know how can it be fatal to their business. So it is a struggle against time.

The BoT involvement needs its forex reserve. They can stabilize the gravity falling of our TZS by pumping in part of its reserve, but do they have that strength? NO! NO! we are beggars. Like always we thought there will be a timely external injection of forex! Nothing is coming because of our stupid IPTL saga.

We have several times said about BoT brains. BoT is supposed to be the center of all the nerves unfortunately it is a place for our beloved sons and daughters who failed somewhere but would like to have good salaries. Is Ndulu the best we have in this country to manage our central bank? A man who would allow our reserve be scooped for family use? No! He is another waste of our brain!

I mighty be a mediocre economist but tell us whether BOT intervation is supposed to be short term or long term

 

[Kobello]

You are not even a mediocre economist. How can foreign currency be regulated by Supply and demand? That is secondary school economics. Is Nape your Classmate?

On forex, for a country like this of ours, talk of trade balance. Export v/s import. The panic explained by Fx Trader is actually stirred by importers, they know how can it be fatal to their business. So it is a struggle against time.

Balance of trade depends on both local and global market forces.

 

[Granta]

Bot can only provide short term measure but the truth remains foreign currency regulations is a function of supply and demand

We are not running economy in the basis of perfection, BOT must play its role

 

[HNIC]

Mbona sijibiwi au maswalinyangu magumu sana?

 

[Granta]

This is the professional answer for those still not aware that we are in market driven economy.

There is neither perfect market economy nor perfect monopoly on this EARTH, we run GVT activities in between these two ideologies...!

Otherwise you don't understand the functions and role of BOT

 

[Granta]

Whats the figure in USD?

Take that figure then divide by 1715 yo obtain such amount on dollar nomination, don't expect further spoon feeding

 

[Granta]

This is getying interesting...

So basically budget ya Tz ni 11 billion usd so roughly how much of that is from donor countries?

60%+ , .....

 

[MchunguZI]

I mighty be a mediocre economist but tell us whether BOT intervation is supposed to be short term or long term

Now, you are right! Ask when you don't understand. Note that currency depreciation or appreciation is a normal phenomenon and these can forcefully be initiated for business or trade benefits. A strong currency never gives you better advantage and similarly a weak currency not necessarily favours you. That is where a good BoT is needed. Regulator! Buffer funding.

BoT needs to intervene for the advantage of trades and businesses. The biggest problem we have is lack of balanced trade. We import more than we export! No manufacturing! No industries! No production of goods! under such situation BoT is weak with no ability to do the buffering. We are a hopeless nation and what you see now, as you have heard, is a few months effect of lacking donors' support!

Shortly let's inform all the staunch CCM supporters : the Simiyu Yetu, FaizaFoxy Tibaijuka, Ritz, Nape, etc. They should learn this elementary Economics. CCM is for the poorest thinkers.

 

[Sangarara]

Kama serikali yenyewe inafanya malipo ya ndani kwa dola unategemea nini?


Soth Africa ukitumiwa fedha kutoka nje zikiwa kama dolar, wanaziconvert wanakupa Rands. Na hawaruhusu matumizi ya dola. Matokeo yake siku ukiondoka huko unalazimika kubadilisha rands to Dola, kwao faida inakuwa mara mbili!

Tuache kuisingizia dolla, tatizo letu kubwa ni aina ya maamuzi yanayofanywa na ma CCM.

 

[Sangarara]

Now, you are right! Ask when you don't understand. Note that currency depreciation or appreciation is a normal phenomenon and these can forcefully be initiated for business or trade benefits. A strong currency never gives you better advantage and similarly a weak currency not necessarily favours you. That is where a good BoT is needed. Regulator! Buffer funding.

BoT needs to intervene for the advantage of trades and businesses. The biggest problem we have is lack of balanced trade. We import more than we export! No manufacturing! No industries! No production of goods! under such situation BoT is weak with no ability to do the buffering. We are a hopeless nation and what you see now, as you have heard, is a few months effect of lacking donors' support!

Shortly let's inform all the staunch CCM supporters : the Simiyu Yetu, FaizaFoxy Tibaijuka, Ritz, Nape, etc. They should learn this elementary Economics. CCM is for the poorest thinkers.

Our trading structure can not be corrected over night, even the Gas boom will not help, and it can prove devastating to have gas drilled along our shores in terms of forexes,

The Government need to quickly change the tax laws and such, every business operating in foreign currency should pay their taxes in the respective currency and not TZS.

But, with the current structure of government financing its budget, any move by BOT to curb the TZS weaking trend could push every one here in Trouble.

So BOT silence mode is proper.

 

[arigold]

One minute tunaambiwa kuwa budget ya Tanzania ni about 11 billion USD na tunaambiwa kuwa more than 60% of that comes from the donor countries ambayo of course we don't know the figure.

On the other hand we've been told kuwa donor countries have withhold budget support funds

Sasa mbona hizi stories haziko straight?

Fx Trader & John Mashaka

Mjibuni huyu

maswali yake ni ya msingi na mimi naona something doesnt add up kwenye hiyo budget ya Tanzania

 

[Sangarara]

One minute tunaambiwa kuwa budget ya Tanzania ni about 11 billion USD na tunaambiwa kuwa more than 60% of that comes from the donor countries ambayo of course we don't know the figure.

On the other hand we've been told kuwa donor countries have withhold budget support funds

Sasa mbona hizi stories haziko straight?

Nini hakipo straight?

 

[kajima]

The Effects Of Currency Fluctuations On The Economy
kwa wanaotaka kupata idea ya currency fluctuations...

Ila sijui source ya habari anautaalam kiasi gani kwenye hiyo field

 

[Makupa]

what is all well so far? TZS is strengthening?

Against Uganda currency Boss

 

[Maundumula]

Here they are, the very same critics who who have been against Foreign Aid are now blaming the govt.