Dar es Salaam, March 25 -- TANZANIA: THE Bank of Tanzania (BoT) has dismissed as misleading reports circulating in various media outlets which claim that the Tanzanian Shilling is the worst-performing currency globally.

The false information inaccurately attributes this trend to increased imports, increased public debt, widening of the current account deficit and implementation of the infrastructure projects, including the construction of the Bagamoyo Port, which has not started.

The BoT Governor, Emmanuel Tutuba said in a statement issued yesterday that over the past 12 months, the Tanzanian Shilling has depreciated by 3.6 per cent against the United States Dollar.

The Governor highlighted that, between July and December of the previo...