Tanzanian Shilling’s 8.9% YTD Drop Earns It World’s Worst-Performing Currency Status

CN
7 days ago

The Tanzanian shilling has experienced a significant decline, becoming the world’s worst-performing currency this year, dropping 8.9%. At the time of writing, the currency’s exchange rate against the U.S. dollar stood at 2,645 per dollar, a level last seen in late November 2024. This decline is attributed to rising imports and increased public debt, largely due to major infrastructure projects like a new port, oil pipeline, and LNG facility. Despite a projected 6% GDP growth, the currency faces short-term pressures from a widening current-account deficit and liquidity constraints. While these infrastructure investments are expected to yield long-term economic benefits, they are currently contributing to increased imports and debt, putting further strain on the shilling.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

ad
币安:注册返10%、领$600
链接:https://accounts.suitechsui.blue/zh-CN/register?ref=FRV6ZPAF&return_to=aHR0cHM6Ly93d3cuc3VpdGVjaHN1aS5hY2FkZW15L3poLUNOL2pvaW4_cmVmPUZSVjZaUEFG
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink