Dar es Salaam, June 17 -- THE Tanzanian Shilling has emerged as one of Africas top performing currencies against the US dollar in the second quarter of 2025, buoyed by a significant surge in foreign exchange inflows from key sectors and robust macroeconomic management by the Bank of Tanzania (BoT).

This rally marks a notable turnaround for the local currency, which had experienced some depreciation earlier in the year. The central bank last Friday quoted the shilling at 2,570/2,596 to the dollar, an appreciation from 2,586/2,612 at the start of March which reflects increasing confidence in Tanzanias economic stability and a healthy influx of hard currency into the coffers.

Bank of Tanzania (BoT)s Director of Financial Markets, Emmanuel ...