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/-.

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