Uchumi Media Blog covers all events that impact our economies in Tanzania and and beyond our borders be it Economic, Business, Political or Social
Saturday, November 10, 2012
HAVE A VIEW on THE TANZANIAN SHILLING's VALUE IN TERMS OF OTHER MAJOR CURRENCIES IN THE WORLD at http://fx-rate.net/TZS/ now thinking in terms of flows of Tanzanian goods to the rest of the world (increase in exports) Tanzania is at a good position because when you have a relatively lower value of the domestic currency, then trade wise this makes your goods cheap to foreigners hence more exports- a positive thing to your balance of payments (BOP), but again on the other side your imports become expensive which could endanger your BOP if the imported goods are a necessity to your production activities.
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