Tanzania: Shilling Could Hold Steady This Week

Dar es Salaam — The shilling will remain stable this week as reduced demand of foreign currencies continues and as the central bank continues tightening liquidity, analysts say.

The local currency gained against the US dollar last week on the backdrop of weak corporate and interbank demand for hard currencies while the central bank floated the first two-year, Sh35 billion, Treasury Bond in 2012 last Wednesday.

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