Tanzanian Shilling Onto A Steady Position.


The Tanzanian shilling is seen holding onto a steady position, thanks to inflows of dollars from the tourism and agriculture sectors.

A trader at CRDB Bank said the local currency would “remain stable next week … supported by dollar inflows from tourism and exports of cash crops such as tobacco, cotton and coffee.”

At 1257 GMT commercial banks quoted the shilling at 2,233/2,243 to the dollar on Thursday, little-changed from 2,234/2,244 a week ago.

Source:Corporate Digest 11/08/2017

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