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The 364-day bill yield is 1.85 percentage points below the shilling's year-on-year depreciation rate

Percent, using independently dated BoT observations

USD/TZS YoY8.14%364-day bill6.29%GAP · 1.85 pp

Note: The comparison places the exact-year change in the official BoT indicative USD/TZS mean beside the annualized weighted-average yield from the latest 364-day bill auction. It does not align holding periods or include reinvestment, tax, costs, price changes or execution rates.

Source dated .

Source records: BoT USD/TZS record ; BoT Treasury-bill auction results

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Analysis

How does the latest one-year bill yield compare with the shilling's year-on-year move?

What the chart shows

Official USD/TZS rose 8.14% over the exact year to 2026-09-30, while the latest 364-day bill auction yielded 6.29% on 2026-09-23. These are two independently dated observations, not a realized return comparison.

Why it matters

For overseas investors, local-currency yield and currency translation can pull in opposite directions, so the headline yield alone does not determine a translated outcome.

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