Ufunuo wa Yohana
JF-Expert Member
- Oct 9, 2007
- 319
- 67
Usijali shillingi kupata nguvu hivi sasa, dollar ya marekani iko kwenye mgogoro mkubwa inabadilishwa kwa mfano £1.00 = $ 2.00 hivi sasa. Compare na mwanzo wa mwaka £1.00 = $ 1.45 (kama sikosei) kwa hiyo ukiangalia kwa haraka haraka tu wamepoteza almost 50% ya value yake mwanzoni mwa mwaka. Angalia vile vile Euro imekuwa very strong against the USD.
Sifikirii BOT wana-mechanism nzuri ya kulinganisha thamani ya shillingi.
Soma hapa
Kupanda thamani kwa Tshs ni suala la muda tu na sio akisi ya hali halisi. endapo taasisi ya fedha ya nchi itaacha kuwa ya kisiasa na ikawa ya kitaaluma hapo tutaweza kuwa na imani na watakayoyasema kwa uchache.
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Kwa nini kuku alivuka barabara?
STAFF WRITER The EastAfrican said:
The Bank of Tanzania is buying too much foreign exchange in the market and consequently driving up interest rates in the economy. And, if the trend continues the Tanzania shilling will continue appreciating against other hard currencies thereby undermining the countrys export competitiveness.
These are the conclusion of a new report by the Economic Division of banking conglomerate Standard Chartered Bank.
Lately, the money market in Tanzania has been unusually tight, a sign that there isnt enough money circulating in the market.
The tell-tale signs are the manner in which both interest rates and the Tanzania shilling has been behaving. The overnight lending rate which is the rate at which banks with flush cash lend out to those in a deficit position at the end of a days trading has spiked to a high of 25 per cent while the dollar rate has plunged from levels of 1,235/45 at the end of September, to levels of 1,130/40 this week.
Indeed, the money market in Tanzania is going through an unprecedented volatility. Standard Chartered Bank has advanced two reasons for the tightness of the money market.
First, that part of it stems from the traditional end-quarter tightening of Tanzania shilling liquidity, as corporates make tax payments to the fiscal authorities. Second, that the situation has been made worse by the announcement by the Bank of Tanzania that it would continue to sterilise domestic liquidity by selling foreign exchange.
Despite making significant progress with domestic revenue collection in recent years, Tanzania remains dependent on donors for the financing of its Budget. This year, development partners will finance around 42 per cent of the Budget. As a result, Tanzania sees sizeable inflows, which are typically converted to local currency disbursed to various ministries, and spent. The report by Standard Chartered suggests that these flows need to be sterilised in order to keep domestic money supply growth under control.
Traditionally, there have been two ways of doing this. First, issuance of T-bills and, second, foreign exchange sales.
However, Tanzania appears to have expressed a preference for foreign exchange sales. With interest rates already at a high level, Finance Minister Zakia Meghji pledged in this years Budget speech not to compromise macroeconomic stability by issuing debt securities to finance the Budget.
The International Monetary Fund (IMF), in its latest consultation with Tanzania also gave its support to increased reliance on foreign exchange sales to contain liquidity, noting that this would help to ease pressure on T-bill yields, although stressing that the appropriate balance in the use of liquidity management instruments will still need to be found. Since last years drought, inflation has remained above the Bank of Tanzanias targeted 5 per cent level, and the effort to mop up liquidity has intensified. As a means of liquidity control, the IMF has urged the transfer of government deposits from commercial banks to the Central bank which has added to the market tightness.
Could Tanzania do what Uganda did recently to address the volatility in the market? When the Uganda shilling was appreciating unpredictably in June of this year, the authorities in the more-liberalised country cancelled two consecutive T-bill auctions over the course of a month. The resulting injection of liquidity into the economy was sufficient to reverse the sharp appreciation of the Uganda shilling.
But can Tanzania temporarily abandon its sterilisation effort until more normal liquidity conditions are restored?
The conclusion of the report is that this is unlikely to happen in Tanzania because of the shallowness of its markets and less experience with managing such situations.
Until decisive action is taken by the BoT, and if it continues to engage in much more dollar buying than we have seen in the recent past, further strengthening of the Tanzania shilling is likely, says the report.
Strong shilling slows down Tanzania export market.
The other day they said we don't export enough, today we aren't competetive because of the strong shilling........ what next?
BTW who wants a weaker shilling? I wonder.
Meghji: Shilingi inazidi kupata nguvu
na Ratifa Baranyikwa
WAZIRI wa Fedha, Zakhia Meghji amesema kuwa shilingi ya Tanzania ina nguvu na itakuwa na nguvu zaidi endapo wazalishaji watazalisha kwa kutumia sarafu hiyo mwenyeji.
Meghji aliyasema hayo juzi wakati akifungua tawi jipya la Benki ya Standard Chartered lililoko eneo la Kariakoo katika Mtaa wa Narungombe, Jijini Dar es Salaam.
Shilingi yetu sasa ipo strong (ina nguvu) kutokana na kukua kwa uchumi wetu zalisheni kwa kutumia shilingi, hela yetu itakuwa na nguvu, msitumie shilingi kwa kuingiza bidhaa tu, tumieni pia kwa kuzalisha ili iendelee kupata thamani, alisema.
Aidha, alisema kuwa kuongezeka kwa mabenki nchini kunaonyesha ishara ya kukua kwa uchumi na aliipongeza benki hiyo ambayo ni mahususi kwa kuendeleza wafanyabiashara wadogo na wa kati na kusema kuwa mabenki mengi nchini yamekuwa yakihudumia wafanyabiashara wakubwa.
Alisema kuna haja ya kuongeza benki za aina hiyo ili kuwapa hamasa wafanyabiashara wadogo ambao ni wengi nchini.
Ofisa Mkuu Mtendaji wa benki hiyo wa Afrika, Mike Hart alisema kuwa tawi hilo ni la saba kufunguliwa hapa nchini. Alisema benki hiyo imejidhatiti katika kukuza uchumi kupitia sekta ya wafanyabiashara wadogo na wa kati (SME), ambao wanachangia asilimia 30 ya ukuaji wa pato la taifa (GDP).
...haha haha hahah huyu mama asinifanye nicheke hapa,naona anatake advantage ya dollar crisis kuchukua sifa ambazo hazipo,ukweli ni kwamba strong shillings kwa sasa has nothing to do na internal factor za Tanzania...kwa ufupi across the board dollar is weak,kama kweli na anachosema angalia pound ilivyo gain kwa shillings,anyway sometimes strong shillings sio nzuri kwa economy yetu na wala sio factor ya kukua kwa uchumi...important ni inflation iwe chini mengine yote mazuri yata fall in!
Hili nalo linahitaji mjadala.
Imekuwaje shilingi ikapanda thamani? Je ni kutokana na mkwara wa waziri Meghji kuwa watu waache kutumia dola hata katika manunuzi ya ndani ya nchi? Ma kuna sababu nyingine!
Tatizo la viongozi wetu ni kwamba huwa tarifa technical kama hizo ulizosema hapo huwa wanazifanya ni siasa. Kila kitu siasa!
Sio kweli dollar imepoteza 50% ya value yake kutokea mwanzo wa mwaka huu.
Value ya exchange ilikuwa £1.00 = US$ 1.9581 (January 2007) na sasa ni £1.00 = US$ 2.033
Kwa hiyo dollar imepoteza 3.8% ya value yake.(JAN TO NOW)
Sasa tukija kwa TShs,
Mwanzoni mwa mwaka huu 1US$ = 1261.73TShs
Sasa hivi 1US$ = 1146.97TShs
Kwa hiyo shilingi imegain kwa 9.1%(JAN TO NOW)
Ukiangalia haraka haraka utaona shilingi imegain 3.8% kutokana na dollar kudepreciate lakini imegain 5.3% more not related to dollar depreciation. Tuvute Subra...
WILFRED EDWIN Special Correspondent said:
Tanzania exported goods and services worth $14.9 million in August, compared with exports valued $5.7 million recorded in June, ending months of low performance. According to the latest Bank of Tanzania Monthly Economic Review, the surge in trade is attributed to a sharp rise in export volumes of cash crops such as coffee, cotton, sisal and tea.
The BoT report says that impressive performance was recorded in cotton as the volume exported increased from 1,514 tonnes in July 2007 to 9,821 tonnes in August. Although the increase in volumes was consistent with the onset of the exports season for most of the traditional exports, the prices of most of the commodities on the world market improved during the season under review.
But the report warns that on annual basis, export performance was rated as dismal since total earnings were only $277.5 million in contrast to $351.8 million recorded in the previous year. The report states that the depressed annual export performance was largely caused by a significant drop in export volumes of cotton and cashewnuts during the period under review. Bad weather was to blame for the declining cotton exports to 32,587 tonnes compared with 108,638 tonnes that were exported in the previous year. Similarly, the export volume of cashewnuts declined by 32.4 per cent to 57,000 tonnes following price disagreement between buyers and producers, says the report.
The cashewnut Board of Tanzania had since, the beginning of buying season in October 2006, set the $0.6 per kilo as the official buying price, but the buyers were reluctant to buy the crop at the price.
Instead, they offered $0.4 per kilogramme, causing dispute in the market. The report says non-traditional exports decreased marginally to $138.6 million from the $143 million ranked in the previous month. The poor performance was attributed to poor show by the countrys manufacturing sector, particularly the sugar exports caused by the countrys exhaustion of its export quota to the European Union market.
On an annual basis, non-traditional exports recorded an increase of 14.9 per cent to $1,603.1 million as most sub-categories of non-traditional exports recorded growth. Gold exports, for example, increased to $802.8 million from $714.6 million in the previous year largely due to the increase in prices in the world market as export volumes remained almost unchanged. Manufactured exports increased by 35.7 per cent to $254.9 million supported by the increased demands from neighbouring landlocked countries, according to the BoT report. In Zanzibar, the report notes that the construction and transport sectors were the major economic drivers in the period under review. Importation of capital goods for the raising domestic demand in the construction industry pushed importation of capital goods on the isles.
Imports of goods to Zanzibar in the month of August increased to $6.8 million, from $5.6 million in the previous month, mainly due to expanding construction and transportation projects.
Dar exports up, as construction boom drives Zanzibar economy
Hapo juu walisema hatuwezi ku-export kwa sababu ya kuwa na strong shilling sasa week moja wanasema tumeuza zaidi - Makubwa haya wivu tu unawasumbua. Lets put our house in order.
.....................And, if the trend continues the Tanzania shilling will continue appreciating against other hard currencies thereby undermining the country's export competitiveness. ................
As a means of liquidity control, the IMF has urged the transfer of government deposits from commercial banks to the Central bank - which has added to the market tightness.