The shilling has marginally depreciated by 2.5
per cent since the beginning of the year. The Bank of Tanzania (BoT) data
showed yesterday that the shilling dropped to 2,242/35 yesterday against
2,186/21 at the beginning of this year.
The
drop margin, according to money experts, was acceptable since it has
insignificant impact on businesses and terming it as somewhat stable
fluctuation.
“The market has seen the greenback stabilized against the
shilling due to matching levels of demand and supply,” CRDB said in its Market
highlight of yesterday.
However, last Friday, the greenback maintained its position
against the shilling. The USD/TZS ended the session at the same levels of
2,220/60.
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