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Factors Behind the Depreciation of the Tanzanian Shilling Against the US Dollar

March 7, 2025March 7, 2025 - by Liam O'Sullivan - Leave a Comment

The Tanzanian shilling, after a brief rally in December 2024, is depreciating against the US dollar due to increased import demands and reduced exports. Economic pressures, including rising fuel imports …

Business / economics

Factors Behind the Depreciation of the Tanzanian Shilling Against the US Dollar

March 7, 2025March 7, 2025 - by Ravi Patel - Leave a Comment

The Tanzanian shilling has depreciated from a strong position against the US dollar in late 2024, influenced by rising import demands and disruptions in agriculture and mining. Analysts suggest that …