Bloomberg News

Tanzania’s Shilling Gains, Heads for 1st Weekly Advance in 14

July 08, 2011

July 8 (Bloomberg) -- Tanzania’s shilling strengthened against the dollar and headed for the first weekly gain in 14.

The currency of East Africa’s second-biggest economy appreciated for a fourth day, adding 0.2 percent to 1,599.5 per dollar at 11:41 a.m. in Dar es Salaam. The increase extended the currency’s rally this week to 1.3 percent, the first advance since the five days through April 1.

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


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