{"id":14667,"date":"2020-09-03T16:58:06","date_gmt":"2020-09-03T16:58:06","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=14667"},"modified":"2020-09-03T16:58:06","modified_gmt":"2020-09-03T16:58:06","slug":"shilling-maintains-strength-five-weeks-in-a-row","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/shilling-maintains-strength-five-weeks-in-a-row","title":{"rendered":"SHILLING MAINTAINS STRENGTH FIVE WEEKS IN A ROW"},"content":{"rendered":"

AfricaPress-Tanzania:<\/strong> THE shilling has maintained strength after appreciating for the fifth week in a row on the Interbank Foreign Exchange Market (IFEM).<\/p>\n

The shilling thus closed the last month at a stable note, while demand for dollars is still being observed from manufacturers and oil marketing companies (OMCs) in particular.<\/p>\n

The shilling gained a marginal 3 percentage in points (pips) for the week ending last Friday, while the amount traded on the IFEM slowed down by 1.6 per cent.<\/p>\n

\u201cThe shilling maintained strength after recording a weekly appreciation for the fifth week in a row on the IFEM,\u201d Orbit Securities said on its Weekly Market Synopsis on Tuesday.<\/p>\n

NMB Bank, one of the leading lenders, said the local currency remains stable as the month comes to an end, with the demand for dollars still being observed from manufacturers and OMC\u2019s in particular.<\/p>\n

\u201cAgricultural inflows from cotton and coffee specifically continue to support the market with the US dollar supply,\u201d NMB said on its e-Market.<\/p>\n

The bank predicted that trading activities would pick up as this month started to unfold.<\/p>\n

\u201cTrading activities are expected to pick beginning of the month,\u201d NMB report showed.<\/p>\n

The total value of transactions recorded on the IFEM totaled to 8.17million US dollars in comparison to 8.3million during the previous week.<\/p>\n

During the week, Tanzania Securities said, the weighted average rate (WAR) for the interbank market increased and closed at 3.25 per cent from 3.00 per cent in the previous week.<\/p>\n

Total volume traded decreased by 9.82 per cent to 138.60bn\/- compared to 153.70bn\/- in the previous week.<\/p>\n

The highest rate in the interbank market was 4.75 per cent while the lowest was 3.00 per cent compared to the previous week high and low rate of 5.00 per cent and 3.00 per cent respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"

AfricaPress-Tanzania: THE shilling has maintained strength after appreciating for the fifth week in a row on the Interbank Foreign Exchange Market (IFEM). The shilling thus closed the last month at a stable note, while demand for dollars is still being observed from manufacturers and oil marketing companies (OMCs) in particular. The shilling gained a marginal […]<\/p>\n","protected":false},"author":84,"featured_media":3663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[740,438,4435],"class_list":["post-14667","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-ifem","tag-nmb-bank","tag-omcs"],"yoast_head":"\nSHILLING MAINTAINS STRENGTH FIVE WEEKS IN A ROW - Tanzania<\/title>\n<meta name=\"description\" content=\"THE shilling has maintained strength after appreciating for the fifth week in a row on the Interbank Foreign Exchange Market (IFEM).The\" \/>\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\/shilling-maintains-strength-five-weeks-in-a-row\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHILLING MAINTAINS STRENGTH FIVE WEEKS IN A ROW\" \/>\n<meta property=\"og:description\" content=\"THE shilling has maintained strength after appreciating for the fifth week in a row on the Interbank Foreign Exchange Market (IFEM).The\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/shilling-maintains-strength-five-weeks-in-a-row\" \/>\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=\"2020-09-03T16:58:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/02\/d112464d1610b60708308cca612259bf.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"578\" \/>\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\/shilling-maintains-strength-five-weeks-in-a-row#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/shilling-maintains-strength-five-weeks-in-a-row\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"SHILLING MAINTAINS STRENGTH FIVE WEEKS IN A ROW\",\"datePublished\":\"2020-09-03T16:58:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/shilling-maintains-strength-five-weeks-in-a-row\"},\"wordCount\":299,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/shilling-maintains-strength-five-weeks-in-a-row#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/02\/d112464d1610b60708308cca612259bf.jpg\",\"keywords\":[\"IFEM\",\"NMB bank\",\"OMCs\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/shilling-maintains-strength-five-weeks-in-a-row#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/shilling-maintains-strength-five-weeks-in-a-row\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/shilling-maintains-strength-five-weeks-in-a-row\",\"name\":\"SHILLING MAINTAINS STRENGTH FIVE WEEKS IN A ROW - 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