Shilling value down 43pc, says bureau Monday, 02 August 2010 23:34 By The Citizen Reporter The value of Sh100 declined to Sh57.31 in June 2010 from June 2002, the National Bureau of Statistics has reported. That meant consumers were forced to dig deeper into their pockets. But the situation does not seem to improve as the shilling is continuing to depreciate against currencies of Tanzanias major trading partners, making imports increasingly expensive. At bureaux de change, Sh1,514.66 was exchanged for a dollar last week, down from Sh1,502.81 the preceding week at bureaux de change. An average of Sh2,318.12 was exchanged for a pound last week compared with Sh2,263.2 the previous week. An average of Sh1,926.35 was exchange for a euro last week versus Sh1,911.49 a week before. It lost ground against the rand, exchanging at an average of Sh186.89 a rand from Sh184.55. However, it strengthened against the Kenya shilling, exchanging at an average of Sh18.24 a Ksh last week, slightly higher than Sh18.26 the previous week. At commercial banks, an average of Sh1,499.57 was exchanged for a dollar last week, from with Sh1,487.72 a week earlier. An average of Sh2,340.37 was exchanged for a pound last week from Sh2,293.27 a week earlier. It also lost versus the euro, exchanging at an average of Sh1,949.03 a euro last week down compared with Sh1,919.07 the preceding week. An average of Sh197.83 was exchanged for a rand slightly down from Sh195.08 over the period. But it strengthened against the Kenyan currency, exchanging at an average of Sh18.02 a Ksh last week similar to a week earlier in commercial banks, the review shows. Economists say low foreign exchange earnings from mainly agricultural exports, donor support and tourism receipts are exerting enormous pressures on the shilling. Since imports are expensive, prices of domestic industrial products are rising. The shilling has been depreciating for monthly and the Bank of Tanzania intervention only temporarily halted. Trading $3 million in the Inter-bank Foreign Exchange Market was $3 million last week compared with $6 million the previous week.