Dar es Salaam, June 15 -- THE shilling has remained stable against the US dollar thanks to inflow from the mining sector and reduction of outbound travel.

From year-to-year to April the shilling, according to the Bank of Tanzania, appreciated by 68/- to 2,309/97 compared to the last April of 2,368/54.

PwC said in its 2021/22 budget bulleting that the shilling managed to hold steadily due to mining sector exports. "And yet," PwC report said, "the currency has remained stable.

How? Well, riding to the rescue has been the mining sector." The mining exports of 3.0 billion US dollars in the year to April compared to 2.4 billion last April and 1.7billion same period in 2019 and helped balance the current account.

"Also of assistance on the ...