DAR ES SALAAM, Nov. 7 -- TANZANIAS strengthening shilling is reshaping trade dynamics, making imports more affordable for businesses and consumers.
As the local currency gains against major foreign currencies, importers enjoy lower costs and reduced inflationary pressures, but exporters risk losing market share as the countrys goods become more expensive for international buyers.
According to Trading Economics, the shilling/US dollar exchange rate rose to 2,462/50 yesterday, up 0.10 per cent from the previous session. However, over the past month, the shilling has weakened 0.31 per cent, but its up by 9.63 per cent over the last 12 months. Last November the shilling was trading 2689/70 against the green buck.
An economist and investmen...
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