On June 23, 2026, the Euro continued to decline in value in the foreign exchange market in the country, with rates showing a decrease at CRDB and NMB banks compared to the previous day. The US Dollar remained stable during the same period, according to Nukta Africa.

According to Nukta Africa, recent data indicates that the Euro has decreased by 47 Tanzanian Shillings in the buying rate and by 49 Shillings in the selling rate during the specified period.

On June 22, 2026, the Indian Rupee and the Kenyan Shilling strengthened against the Tanzanian Shilling compared to the rates from Thursday, June 18, 2026, while major international currencies experienced a decline, according to Nukta Africa.

According to Nukta Africa, fuel prices in the country have decreased, with petrol dropping by 96 shillings per liter, diesel by 151 shillings per liter, and kerosene by 242 shillings per liter.

The Bank of Tanzania (BoT) has raised the central bank interest rate to 6.25%, marking the highest level since the new inflation control system was implemented over two years ago, according to Nukta Africa.

According to Nukta Africa, excessive use of the dollar in domestic transactions can weaken the purchasing power of the Tanzanian shilling and contribute to inflation in the country's economy.