The IMF’s Resident Representative in Tanzania, Mr Thomas Baunsgaard
What you need to know:
The local currency crashed to an all-time low exchange rate of Sh2,300 to the dollar in June, but “a combination of measures, including a tightening of monetary policy and seasonally higher export earnings, subsequently helped to stabilise the shilling and allowed a return to normality in the interbank and foreign exchange markets since August 2015,” the IMF further notes in its report.
