The Governor of the Bank of Tanzania (BoT), Emmanuel Tutuba, has announced that the new Tanzanian banknotes bearing the signature of the Minister of Finance, Dr. Mwigulu Nchemba (MP), and his own, from the 2010 series, will enter circulation starting February 1 this year.

Governor Tutuba (pictured) made this statement yesterday while presenting Dr. Nchemba with sample banknotes of 10,000/-, 5,000/-, 2,000/-, and 1,000/- at the Ministry of Finance’s offices in Dar es Salaam, in accordance with the laws and regulations governing financial matters in the country.

“Our exercise to reprint banknotes for the 2010 series has been completed, and we have already informed the public through a notice I issued in the Government Gazette,” said Tutuba.

The governor explained that these banknotes will be used alongside the currently circulating banknotes, which were issued in 2010 and feature the same appearance, including security features, size, color, and other elements, with the exception of updated signatures of the minister of finance and the BoT governor .

“The signature of the former Minister of Finance, who is now the Vice President of the United Republic of Tanzania, Dr. Philip Isdor Mpango, has been replaced with your signature and the signature of the retired Governor of the Bank of Tanzania, Prof. Florens Luoga, has been replaced with the signature of the current Governor, Emmanuel Tutuba,” added Mr. Tutuba.

Speaking after receiving the samples of the new banknotes, the finance minister expressed gratitude to President Dr. Samia Suluhu Hassan for approving the initiative and commended the Governor of the Bank of Tanzania, Mr. Emmanuel Tutuba, for overseeing the printing process with great professionalism and integrity.

“Reaching this stage is a great honor for our nation and continues to uphold the reputation of our experts in managing issues of significant national interest with precision,” said Dr. Nchemba.

Dr. Nchemba approved the new banknotes to be circulated and begin usage as planned on February 1 this year.