Exchange Rate in Tanzania
Tanzania - Exchange RateEconomic activity was likely resilient in the third quarter. The production of gold—the country’s main export—increased robustly in the quarter, while credit growth expanded solidly in the year ending September. However, the current account deficit widened notably in annual terms in the same period, mainly due to soaring imports of capital goods. In its latest financial system stability assessment in early December, the IMF encouraged the country to strengthen the capital buffers of the banking system, burdened by a high stock of bad loans. Meanwhile, in the international arena, the government has faced increasing criticism over minority rights abuses: The EU is reviewing its diplomatic relations with the country, while in mid-November the World Bank put a loan for an education project on hold.
Tanzania - Exchange Rate Data
|Exchange Rate (vs USD)||1,587||1,733||2,160||2,181||2,240|
5 years of economic forecasts for more than 30 economic indicators.
Tanzania Exchange Rate Chart
Source: Thomson Reuters
|Exchange Rate||2,300||0.0 %||Jan 14|
|Stock Market||0.1||0.0 %||Jan 14|
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