Tanzania: Shilling Drops By 2.0pc in 10 Months

THE shilling has depreciated by 2.2 per cent in the past ten months maintaining resilience by holding strong against the US dollar, according to Bank of Tanzania foreign exchange data.

The local currency opened the year at 2,241/24 against a US dollar and closed trading yesterday at 2,29 0/49, the central bank data showed.

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