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For ordinary citizens or small traders who buy or sell their goods abroad, they may not understand what is going on internally about the value of the shilling.
Many do not know that for approximately nine consecutive weeks of their money, which is also on the identity of the land value dropped significantly against the U.S. dollar.At present the average buy one dollar in commercial banks and some stores replacement funds, is between Sh1, 690 to 1,700 while the selling rate is Sh1, 680.Rate is significantly higher approximate increase of Sh50 per dollar than what that was three months ago. And with the status quo and even crossed the effectiveness of the country's economy may be at risk.The source of the problemExperts noted the economy are two main reasons that contributed to the decline in shillings and remain in that state for nine consecutive weeks.The first reason they say that is an act of government that allow the use of dollars in payments valid inside, thus forming a high demand for powerful big money around.They also say that the situation is a result of kutouza products or services out of the country, causing droughts dollars which a large percentage are found through international trade."This means that Tanzania we buy so many products out of the country using U.S. dollars than what we chouza for the country,'' says the head of the School of Business of the University of Dar es Salaam, Dr Wineaster Anderson."Most important sector in the country as manufacturing, mining, transport and agricultural products overseas zinaagiza in automatically, thus creating conditions of shortages and rising dollar value."He explains that even the sale of agricultural products and minerals, that Tanzania relies sell out, not working unlike past something linalopunguza availability of foreign exchange in the country.Statement of Dr. Anderson on the decline in exports of the country, is consistent with the report of the Central Bank in April 2014 about trends in the economy.
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