Shilling depreciated by 1.47pc in a year despite interventions
In Summary
According to the May MER, the
shilling depreciated against the US dollar to Sh2,270.3 per US dollar
from Sh2,258.2 per US dollar in the preceding month.
The shilling has depreciated by 1.47 per cent in a year, despite the
regular interventions of the central bank to control volatility,
according to the latest Monthly Economic Review (MER) published
By Ludger Kasumuni @TheCitizenTZ lkasumuni@tz.nationmedia.com
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