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

The Tanzanian shilling has experienced a important decline, becoming the world’s worst-performing currency this year, dropping 8.9%. At the clip of writing, the currency’s speech complaint against the U.S. dollar stood astatine 2,645 per dollar, a level past seen successful precocious November 2024. This diminution is attributed to rising imports and accrued nationalist debt, mostly […]