Tanzania: Depreciating Shilling Shall Soon Stabilise, Says Bot

THE country's forex reserve is stable and the depreciating shilling is expected to stabilise soon due to various factors including natural gas production, Bank of Tanzania (BoT) Governor, Professor Benno Ndulu, has said.

Speaking at the consultation meeting with members of the Parliamentary Committee on Industry, Trade and Finance under the chairmanship of Luaga Mpina (MP) in Dar es Salaam on Sunday, Professor Ndulu assured the public that there was no need to panic as the government was working around clock to contain the matter.

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