30 May 2017

Tanzania: Shilling Boldness Continues

The shilling ended firmly after maintained its position to close the week at the same levels with US dollars.

"The greenback has maintained the same position against the shilling, due to matching levels of demand and supply," CRDB market highlights reported.

The dollar/shilling ended Friday's session at 2,230/50. Meanwhile, on Friday, liquidity in the interbank money market tightened up.

The interbank saw an increase of 40 basis points by the end of the session, the weighted average rate rose 6.85 per cent. There was a 54.6 per cent increase in volume traded; by the end of the session volume traded rose to 8.5bn/-.


Tanzania Sets U.S$306 Million for Stiegler's Gorge Hydropower Project

The Ministry of Energy has tabled its budget for 2018/19 on Thursday showing that it will spend 98.4 per cent of the… Read more »

See What Everyone is Watching

Copyright © 2017 Tanzania Daily News. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 800 reports a day from more than 140 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.