Tanzania: Shilling Continues to Lose Ground Against Dollar

THE shilling continued to weaken against the dollar and other major currencies this week after trading fairly on the first two days of the week.

Financial experts anticipate that the local currency would slump to the lowest level against the dollar as corporate demand for greenback exert pressure on the local currency.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.