Tanzania: Shilling Begins Losing Ground Against Dollar

THE shilling is steadily losing ground against the US dollar as acute demand for the greenback from various key players in the market has continued to exert pressure on the local currency.

The local currency slipped against the US dollars this week when compared to the previous week. NMB e-markets report says as the demand for the greenback seem to be enormous, the shilling continued to nosedive in today's trading session closing at 1657/1690.

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