Bloomberg News

Tanzania Shilling Rebounds from Weakest in Almost 17 Years

July 06, 2011

July 6 (Bloomberg) -- Tanzania’s shilling rebounded from the weakest level in almost 17 years against the dollar.

The currency of Africa’s third-biggest gold producer appreciated for a second day, gaining as much as 1.1 percent to 1,598 per dollar and traded 0.7 percent stronger at 1,604 by 10:46 a.m. in Dar es Salaam. Yesterday, the currency reached 1,632.9 per dollar, the lowest since at least October 1994, according to data compiled by Bloomberg.

To contact the editor responsible for this story: Ana Monteiro at amonteiro4@bloomberg.net


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