
Bitcoin.com News|Mar 20, 2025 15:26
🇹🇿 The Tanzanian shilling has become the world's worst-performing currency this year, dropping 8.9%. Rising imports and public debt, driven by major infrastructure projects like a new port, oil pipeline, and LNG facility, are fueling this decline. 📉💱
Despite a projected 6% GDP growth, the shilling faces short-term challenges like a widening current-account deficit and liquidity constraints. These infrastructure investments promise long-term benefits but are straining the currency now.
What steps should Tanzania take to stabilize its currency while pursuing growth?
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