THE TANZANIAN SHILLING IS SEEN STABLE
The Tanzanian shilling is seen stable as importers cool their appetite for ...
The Tanzanian shilling is seen stable as importers cool their appetite for dollars due to a slowdown in business activity.
"U.S. dollars have become a bit scarce in the market right now following a decline in supply, but there isn't any huge demand for greenbacks ... so we expect the shilling to trade in the same levels next week," said a trader at Commercial Bank of Africa Tanzania.
Commercial banks quoted the shilling at 2,235/2,245 to the dollar on Thursday, weaker than 2,230/2,240 a week ago.