{"id":299,"date":"2023-08-17T10:43:10","date_gmt":"2023-08-17T10:43:10","guid":{"rendered":"https:\/\/www.cradior.com\/?p=299"},"modified":"2023-08-17T10:43:10","modified_gmt":"2023-08-17T10:43:10","slug":"the-continue-weakening-of-the-tanzanian-shilling-against-the-dominant-bust-scarce-us-dollar-has-reached-record-levels","status":"publish","type":"post","link":"https:\/\/www.cradior.com\/?p=299","title":{"rendered":"The continue weakening of the Tanzanian shilling against the dominant bust scarce US dollar has reached record levels"},"content":{"rendered":"<p>The continue weakening of the Tanzanian shilling against the dominant bust scarce US dollar has reached record levels,\u00a0 Tanzanians are now forced to dig deeper into their pockets to pay for imports and other foreign products in the country amid a worrying shilling fall to an all-time low against the United States dollar.<\/p>\n<div class=\"paragraph-wrapper\">\n<p>The Central Bank of Tanzania (BoT)\u2019s indicative exchange rates as of August 16, 2023, show the country\u2019s shilling has hit a new record low of an average of 2428.7 against the dollar, setting up citizens for more expensive imports and debt servicing distress.<\/p>\n<\/div>\n<div class=\"paragraph-wrapper\">\n<p>Experts say that such an unpredictable shilling means importers will be spending more on bringing in goods as raw materials for factories.<\/p>\n<div class=\"paragraph-wrapper\">\n<p>It is however not only Tanzania that was at this dollar-shilling hullabaloo; according to Dr Buberwa, most sub-Saharan African currencies continue to weaken against the US dollar, circulating inflationary pressures across the continent as import prices keep on surging.<\/p>\n<\/div>\n<div class=\"paragraph-wrapper\">\n<p>With the weakening of our shilling against the dollar, it\u2019s just a blink of an eye, and local prices will keep on surging, including essential items like food, most of which are imported. <img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-300\" src=\"https:\/\/www.cradior.com\/wordpress\/wp-content\/uploads\/2023\/08\/IMG_20230817_133350-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" \/><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The continue weakening of the Tanzanian shilling against the dominant bust scarce US dollar has reached record levels,\u00a0 Tanzanians are now forced to dig deeper into their pockets to pay for imports and other foreign products in the country amid a worrying shilling fall to an all-time low against the United States dollar. The Central&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/www.cradior.com\/?p=299\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;The continue weakening of the Tanzanian shilling against the dominant bust scarce US dollar has reached record levels&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":3,"featured_media":300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The continue weakening of the Tanzanian shilling against the dominant bust scarce US dollar has reached record levels - RADIO R<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cradior.com\/?p=299\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The continue weakening of the Tanzanian shilling against the dominant bust scarce US dollar has reached record levels - RADIO R\" \/>\n<meta property=\"og:description\" content=\"The continue weakening of the Tanzanian shilling against the dominant bust scarce US dollar has reached record levels,\u00a0 Tanzanians are now forced to dig deeper into their pockets to pay for imports and other foreign products in the country amid a worrying shilling fall to an all-time low against the United States dollar. 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The Central...Read&hellip;","_links":{"self":[{"href":"https:\/\/www.cradior.com\/index.php?rest_route=\/wp\/v2\/posts\/299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cradior.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cradior.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cradior.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cradior.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=299"}],"version-history":[{"count":1,"href":"https:\/\/www.cradior.com\/index.php?rest_route=\/wp\/v2\/posts\/299\/revisions"}],"predecessor-version":[{"id":301,"href":"https:\/\/www.cradior.com\/index.php?rest_route=\/wp\/v2\/posts\/299\/revisions\/301"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cradior.com\/index.php?rest_route=\/wp\/v2\/media\/300"}],"wp:attachment":[{"href":"https:\/\/www.cradior.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cradior.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cradior.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}