Old Tz bank notes to work till June 2012

Kachanchabuseta · 2011-08-18T12:39:41+00:00

DAR ES ES SALAAM, TANZANIA - The Bank of Tanzania (BoT) will allow old bank notes to circulate alongside the new ones that were released in January this year, until June 2012 when they will cease to be legal tender. The BoT released new bank notes in January 2011 but allowed the public to continue using the old notes. The new notes come in denominations of Tshs 500, 1,000, 2,000, 5,000 and 10,000. BoT Governor Prof Benno Ndulu said in Dar es Salaam last week that the change duration could be shortened depending on the trend of phase out of the old currency notes. "The timeframe is calculated using the notes circulation period, which is about seven months," cautioning though that "the period might be reduced to one year depending on the disappearance of old bills," Prof Ndulu said. SOURCE:East African Business Week Maoni yangu 1. Note za zamani ni nzuri kuliko hizi mpya

Thread starter Kachanchabuseta
Start date Aug 18, 2011

Kachanchabuseta

JamiiForums uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.

Accept Learn more…

Back

Top Bottom

Forums

New posts

Old Tz bank notes to work till June 2012

Kachanchabuseta

JF-Expert Member

Our Community

Regional Communities