Tanzania to replace 500-shilling with coin

The Central Bank of Tanzania has issued a statement on the quality of its banknotes and coins. All in all the quality has improved a lot but the cost benefit analysis of the 500-shilling note has lead to the conclusion that the banknote will be replaced by a coin. 

We've been hearing quite a lot of these types of reports lately from several countries replacing low denominations or banknotes which have become worthless due to inflation with coins. 

source - banknotenews.com
Steven Friday 10 June 2016 at 12:54 pm | | news
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