Shilling weakens again as BoT cites seasonal forex shortage

Shilling pic

Dar es Salaam. The Tanzanian shilling has weakened against major foreign currencies as the Bank of Tanzania is citing seasonal changes in the wake of rush for importing from China ahead of Chinese New Year.

The local currency depreciated from an average of Sh2,450.15 per dollar to an average of Sh2,534.43 on Wednesday, February 4, 2026, according to the figures from the central bank indicative rates.