ChoiceVariable
JF-Expert Member
- May 23, 2017
- 79,084
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My Take
Chadema watatoa povu,furaha Yao ni kuona SSH anashindwa ila wanazidi kuumbuka .
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The Tanzanian shilling has rallied to become one of the top performing currencies in the world, due mainly to record high gold prices and a surge in inflows of U.S. dollars from agriculture, tourism, and transport sectors.
The central bank quoted the shilling trading at 2,578/2,604 levels today, up from 2,586/2,612 at the start of March.
The Director of Financial Market at the Bank of Tanzania (BoT), Emmanuel Akaro, said the outlook for the Tanzanian shilling is positive throughout the year, bucking the historical trend of depreciation of the local currency during the first half of a calendar year.
Akaro, who also holds a Chartered Financial Analyst (CFA) designation with over 20 years of experience as a central banker, breaks down the factors behind the strengthening of the shilling against the U.S. dollar in this Q&A interview with The Citizen.
Source: The Citizen
Chadema watatoa povu,furaha Yao ni kuona SSH anashindwa ila wanazidi kuumbuka .
---
The Tanzanian shilling has rallied to become one of the top performing currencies in the world, due mainly to record high gold prices and a surge in inflows of U.S. dollars from agriculture, tourism, and transport sectors.
The central bank quoted the shilling trading at 2,578/2,604 levels today, up from 2,586/2,612 at the start of March.
The Director of Financial Market at the Bank of Tanzania (BoT), Emmanuel Akaro, said the outlook for the Tanzanian shilling is positive throughout the year, bucking the historical trend of depreciation of the local currency during the first half of a calendar year.
Akaro, who also holds a Chartered Financial Analyst (CFA) designation with over 20 years of experience as a central banker, breaks down the factors behind the strengthening of the shilling against the U.S. dollar in this Q&A interview with The Citizen.
Source: The Citizen