Tanzanian shilling ranked 13th most worthless currency in the World!

This is one of the most magical places on Earth. The names are rich with the heritage of ancient kingdoms, tribal custom and exotic destinations. The spice island of Zanzibar with its Unesco World Heritage site. The legendary wildlife of the Serengeti plains. 

The haunting image of Kilimanjaro’s snowy top astride the Equator. The country’s treasure trove of things to see and experience may elsewhere be matched but never surpassed.

Tanzania can boost political stability, relative safety and the second largest economy in east Africa. The government is spending US$26 billion (43 trillion-shillings) in infrastructure upgrades. Huge gas reserves have been recently discovered. What’s not to like? Well, sadly, the place just doesn’t work yet.

Tanzania ranks 152nd out of 182 countries on the Human Development Index, 134th out of 192 on Business Environment, and 135th out of 212 on government effectiveness rankings. Remaining stuck in subsistence farming, the per capita income is a depressing $560. 

The government’s goal is to double that by 2025. And experts warn much of that increase will get gobbled up by Africa’s one percent in the big city of Dar es Salaam.

Source: therichest.com