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Tanzanian shilling weakest in 17 years

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by Mbalamwezi, Aug 16, 2011.

  1. M

    Mbalamwezi JF-Expert Member

    Aug 16, 2011
    Joined: Sep 30, 2007
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    For those who likes reading: pls read this:

    Tanzania’s shilling headed for the weakest close in 17 years against the dollar as oil companies sought to buy the U.S. currency to pay for imports.

    The currency of East Africa’s second-biggest economy currency depreciated as much as 0.8 percent to 1630.5 per dollar. A close at this level would be the weakest since 1994. It traded 0.3 percent down at 1,622.73 at 2:21 p.m. in Dar es Salaam, the commercial capital.
    “There is a lot of demand that has come in from the oil sector since morning,” Eric Chijoriga, a trader with Absa Group Ltd.’s Tanzanian unit, said by phone.

    source: Bloomberg

    My take: this is one of the factors which in unstable fuel prices in Tanzania, and which we also hate to accept. What are we doing in saving the currency?
  2. d

    dotto JF-Expert Member

    Aug 17, 2011
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    Wingi wa magari DAr ni dalili za kukua uchumi TAnzania: by J.K
  3. Jackbauer

    Jackbauer JF-Expert Member

    Aug 17, 2011
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    Ndulu hatambui hili!
  4. Kinyungu

    Kinyungu JF-Expert Member

    Aug 17, 2011
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    Ndulu atakuja hapa na theory zake adai weak shilling ni nzuri kwa wanao-export. Jamaa ovyo sana
  5. N

    Ndinani JF-Expert Member

    Aug 17, 2011
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    Ndulu nae nadhani ni mgonjwa; performance yake as Governor ni below par! Lipumba ndio aliyemrecommend kwa mkwele kumbe anamuingiza mkenge!! Jamaa kachoka mapema sana.
  6. Njowepo

    Njowepo JF-Expert Member

    Aug 17, 2011
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    Naona maoni ya Zitto yafanyiwe kazi makampuni yote ya madini dola zao zitumike kustabilize tshs yetu!