DODOMA, Nov. 19 -- TANZANIAS new monetary policy, which uses the Central Bank interest rate, has begun to show significant achievements in the countrys economy, including the strengthening of the shilling and the maintenance of price stability.

Pendaeli Chamicha, the Assistant Manager for Economics and Statistics at the Bank of Tanzania (BoT), made these remarks in Dodoma while speaking to media outlets from Dodoma, Morogoro, Pwani, Dar es Salaam, and Zanzibar about various activities undertaken by the Central Bank.

Responding to questions from the media, Chamicha said the new policy has helped reduce interest rates, maintain price stability, and strengthen the nations foreign exchange reserves.

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