Tanzania: Shilling Rebounds After Intervention

Dar es Salaam — The shilling rebounded on Friday after depreciating slightly against the dollar for three consecutive days earlier in the week.

Market reports indicated that the shilling remained steady at Sh2,245/2,255 against the dollar during the close of last week. However, the Bank of Tanzania (BoT) quoted the greenback at selling and buying rates of Sh2,225/2,247 last Friday from Sh2,222/2,244 recorded earlier the week.

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