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Analysis of the Decline of the Tanzanian Shilling Against the US Dollar

March 7, 2025March 7, 2025 - by Allegra Nguyen - Leave a Comment

The Tanzanian shilling, having gained in value against the US dollar in December 2024, is now depreciating due to increased demand for dollars driven by heightened imports and reduced exports. …

Business / economics

Understanding the Recent Depreciation of the Tanzanian Shilling Against the Dollar

March 7, 2025March 7, 2025 - by Liam Nguyen - Leave a Comment

The Tanzanian shilling, which had previously gained against the US dollar, is now experiencing a decline due to increased import demand and disruptions in agriculture and tourism. The Bank of …