🚨 BREAKING NEWS: Bank of Tanzania to Ban Old Currency Notes! 💸

The Bank of Tanzania has taken decisive action to enhance economic stability by banning old currency notes from circulation! This initiative aims to combat inflation and strengthen the Tanzanian shilling as the country's sole legal tender. Alongside this, the government is clamping down on the rampant use of foreign currencies, particularly the US dollar, in local transactions.

Key Highlights:

New Currency Only: Starting soon, only the new currency notes will be accepted for transactions, ensuring a streamlined and secure currency system.Combating Dollarisation: The directive mandates all transactions to be conducted in Tanzanian shillings, reinforcing local currency use and supporting economic growth.Regulatory Compliance: This measure aligns with the Bank of Tanzania Act, solidifying the shilling's position as the primary currency for domestic payments.

Stay informed and prepare for these changes that will impact the economy!

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