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Tanzania's gold exports revenues surged by 18%

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

  1. MaxShimba

    MaxShimba JF-Expert Member

    Aug 16, 2011
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    Tanzania's gold exports revenues surged by 18%

    Tanzania's gold exports revenues surged by 18% in the year that ended May 31st 2011 due to increased prices on the international market.

    The Central Bank of Tanzania said that in its latest economic monthly review, Tanzania exported gold worth USD 1.67 billion in May compared with USD 1.42 billion a year earlier.

    The price of gold rose by 26.5% to USD 1,321.17 per troy ounce mainly due to the weakening of US dollar against other major currencies which in turn increase the demand for gold as a safe investment.


    SHERRIF ARPAIO JF-Expert Member

    Aug 16, 2011
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    Thank you for your post.
    May be you and I should ask ourselves this question: How does the common mwananchi benefit from this gold exports surge?
  3. K

    Karry JF-Expert Member

    Aug 17, 2011
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    hizi takwimu mbona haziendani na hali halisi, tumeambiwa moja ya sababu za kushuka thamani ya shilingi yetu ni kwamba hatuuuzi kwenye soko la dunia, madini yanauzwa na wawekezaji chini ya nchi zao Canada/south africa wenye data zaidi tujuzeni