{"id":12145,"date":"2020-07-16T17:33:03","date_gmt":"2020-07-16T17:33:03","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=12145"},"modified":"2020-07-16T17:33:03","modified_gmt":"2020-07-16T17:33:03","slug":"sesame-tobacco-inflow-stabilises-shilling","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/sesame-tobacco-inflow-stabilises-shilling","title":{"rendered":"SESAME, TOBACCO INFLOW STABILISES SHILLING"},"content":{"rendered":"

AfricaPress-Tanzania:<\/strong> THE Tanzania shilling almost maintained its position in the last two weeks, thanks to the inflows from sesame and tobacco.<\/p>\n

The shilling, according to the central bank (BoT), appreciated by ten cents to 2,308\/86 yesterday from 2,300\/96 at the beginning of the month.<\/p>\n

NMB Bank, one of the largest lenders in the land, said sesame and tobacco boosted the market but projected the shilling to strengthen further once cotton inflows start to flow.<\/p>\n

\u201cWe expect cotton inflows to be observed in the market soon [as the season starts this month].<\/p>\n

\u201cThis will boost the US dollar supply and hence cater for the daily demand from corporates and retailers,\u201d NMB said in its daily e-market report.<\/p>\n

Orbit Securities said until last Thursday the shilling marginally gained 6 pips week on week to a weighted average exchange rate of 2,309\/03 per US dollar.<\/p>\n

\u201cThe amount traded on the Interbank Foreign Exchange Market (IFEM) went down by 11 per cent to a total of 6.94million US dollars for the three days during the week.<\/p>\n

\u201cThe amount is lesser compared to the previous week due to fewer trading sessions during the week under review as a result of the Sabasaba Holiday,\u201d Orbit said.<\/p>\n

Last week, traders projected that Kenya shilling will come under pressure over this week, while Tanzania\u2019s will likely hold firm.<\/p>\n

Uganda\u2019s shilling was seen strengthening, Zambia\u2019s kwacha holding ground and Nigeria\u2019s naira weakening.<\/p>\n","protected":false},"excerpt":{"rendered":"

AfricaPress-Tanzania: THE Tanzania shilling almost maintained its position in the last two weeks, thanks to the inflows from sesame and tobacco. The shilling, according to the central bank (BoT), appreciated by ten cents to 2,308\/86 yesterday from 2,300\/96 at the beginning of the month. NMB Bank, one of the largest lenders in the land, said […]<\/p>\n","protected":false},"author":84,"featured_media":12123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[274,4861,4279],"class_list":["post-12145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-bot","tag-sesame","tag-tobacco"],"yoast_head":"\nSESAME, TOBACCO INFLOW STABILISES SHILLING - Tanzania<\/title>\n<meta name=\"description\" content=\"THE Tanzania shilling almost maintained its position in the last two weeks, thanks to the inflows from sesame and tobacco.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/economy\/sesame-tobacco-inflow-stabilises-shilling\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SESAME, TOBACCO INFLOW STABILISES SHILLING\" \/>\n<meta property=\"og:description\" content=\"THE Tanzania shilling almost maintained its position in the last two weeks, thanks to the inflows from sesame and tobacco.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/sesame-tobacco-inflow-stabilises-shilling\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-16T17:33:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/e2a872a0c589f67e594fc41ee7f149d1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1800\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/sesame-tobacco-inflow-stabilises-shilling#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/sesame-tobacco-inflow-stabilises-shilling\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"SESAME, TOBACCO INFLOW STABILISES SHILLING\",\"datePublished\":\"2020-07-16T17:33:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/sesame-tobacco-inflow-stabilises-shilling\"},\"wordCount\":237,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/sesame-tobacco-inflow-stabilises-shilling#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/e2a872a0c589f67e594fc41ee7f149d1.jpg\",\"keywords\":[\"BoT\",\"sesame\",\"tobacco\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/sesame-tobacco-inflow-stabilises-shilling#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/sesame-tobacco-inflow-stabilises-shilling\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/sesame-tobacco-inflow-stabilises-shilling\",\"name\":\"SESAME, TOBACCO INFLOW STABILISES SHILLING - 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