Tanzania: Shilling Maintains Stability As Dollar Pressure Declines

THE shilling has maintained its stability against the US dollar thanks to agriculture supply that cushioned the demand impact of the dollar.

According to some banks, the shilling was trading around 2265/2305 level on Tuesday. Standard Chartered Bank said in statement that the demand continued to be from mainly manufacturing and telecommunication sectors. "... Supply was mainly from agriculture which was able to balance the demand posted.

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