DAR ES SALAAM, Feb. 7 -- THE Bank of Tanzania (BoT) recently highlighted that the Tanzanian shilling is under pressure, particularly in early 2026, attributing this trend primarily to seasonal forex shortages rather than structural economic decay.

According to central bank data, the shilling depreciated from an average of about 2,450/- per US dollar in early January 2026 to roughly 2,534/- by early February 2026.

BoT Governor, Emmanuel Tutuba, explained this weakening as driven by the seasonal decline in foreign-currency earnings from key sectors such as agriculture, mining, and tourism between January and May, alongside continued strong demand for dollars by importers, particularly ahead of events such as the Chinese New Year.

This co...