The implemantation of a A policy adopted by central banks to maintain the quality of circulating banknotes. More, which requires commercial banks to fitness sort notes and repatriate unfit notes to the central bank, has contributed to improve the quality of banknotes. The central bank has a network of five branches and nine Money in physical form such as banknotes and coins. More centres; an additional branch willl be added shortly. Note quality remains poor in areas where the Bank of Tanzania does not have cash centres.
The highest denominations currently have a lifecycle of over a year. The low denominations last less than six months. The lowest note – the TZS 500 – is being replaced by a A coin is a small, flat, round piece of metal alloy (or combination of metals) used primarily as legal tender. Issued by government, they are standardised in weight and composition and are produced at ‘mints’. More.
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