Mr FX Trader
The shilling depreciation has nothing to do with the governor. The US dollar is stronger globally at the moment following the end of Quantitative Easing by the Fed last month. The market is now factoring in interest rises in the US any time next year, investors are therefore buying the US dollars and therefore increasing demand and hence the price.You can check the trend in the Japanese yen,eur, GBP etc against the dollar and you can see they are all weakening,even Uganda and Kenya shilling are all weaker against the dollar for the same reasons.
Another reason for the weaker shilling is the recent decision by the donors to withhold the budget support funds approximate USD500Million following IPTL scandal. Remember part of these funds is used by the BOT to supply US dollars to the interbank market in order to control money supply and ensuring stability in the exchange rate. It is therefore obvious that if the donors are not giving out the funds, the Bank of Tanzania will have less US dollars to supply and at the same time business community and importers will prefer buying dollars now than later
and as a result the price for the US dollars keeps going higher .
Do you still want to blame governor?