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Tanzania Unveils New Banknotes to Be Circulated from February 2025

Tanzania has introduced new banknotes, which will begin circulating in February 2025. The updated currencies based on the 2010 series feature minor modifications.
Tanzania has introduced new banknotes that will be in circulation until February 2025, as announced by the Bank of Tanzania (BoT). These new notes, which include denominations of 10,000, 5,000, 2,000, and 1,000 Tanzanian Shillings, feature enhanced security features to combat counterfeiting. The design incorporates elements of Tanzanian culture, wildlife, and landmarks, aiming to promote national identity and pride. The BoT has emphasized that the old notes will remain legal tender until the specified date, after which they will be phased out. This move is part of a broader strategy to modernize the country's currency and improve the efficiency of financial transactions.

Read the Full Tuko Article at:
[ https://www.tuko.co.ke/business-economy/576545-tanzania-unveils-banknotes-circulated-february-2025/ ]