Tanzania: Shilling Posts Modest Gain Against Dollar

THE shilling made a quick last-minute u-turn seen as the start of a new strengthening trend as the market approaches end of the month.

The shilling has the trend of appreciating at the end of the month when its demand swells due to corporates' end of the month monetary obligations The local currency, according to CRDB Bank market highlight report, closed the weekend session stronger against the US dollar at 2,145/2,185 levels.

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