DAR ES SALAAM, Nov. 21 -- The Bank of Tanzania (BoT) is stepping up efforts to improve currency quality, emphasising public responsibility in handling banknotes.
By targeting the circulation of worn and dirty notes, the move aims to enhance transactional efficiency, reduce replacement costs and support overall confidence in the financial system, highlighting the intersection of citizen behaviour and central bank policy in maintaining monetary integrity.
The central bank said such mis-handling habits significantly reduce the lifespan of banknotes, warning that careless handling from folding to crumpling drive up government expenditure on replacement.
BoTs Assistant Manager for Economics and Statistics Mr Shamy Chamicha said that mishand...
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