According to an article on DailyNews dated 1 March 2012, the Bank of Tanzania plans to replace 500-shilling notes (B139a) with coins because the latter lasts much longer in circulation. The article also contains new details on plans of the East African Community (www.eac.int)—Burundi, Kenya, Rwanda, Tanzania, and Uganda—to introduceRead More…

An East African Business Week article dated 14 February 2011, contains interesting information on the continuing plans to form an East African Community Monetary Union similar to the European Union, wherein all the partner states will replace their individual currencies—the Burundian franc, Kenyan shilling, Rwandan franc, Tanzanian shilling, and UgandanRead More…