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 […] Tanzanian Shilling’s 8.9% YTD Drop Earns It World’s Worst-Performing Currency Status
By Bitcoin News | Created at 2025-03-20 16:23:37 | Updated at 2025-04-05 06:33:52
2 weeks 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 […] Related
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