Tanzania to introduce new notes by June 2010

According to an article in The Zimbabwean dated 16 October 2009, the Bank of Tanzania (BoT) has contracted with two foreign firms to print new banknotes. Governor Beno Ndulu said that the new notes would be in circulation by June 2010 and old notes will remain legal tender.

The country's current notes are printed by the German firm Giesecke & Devrient, but the Swedish company Crane Currency AB will print the new 500, 2,000, 5,000, and 10,000 shilling notes, while the UK-based De La Rue will print the new 1,000-shilling notes. The designs and security features have not been finalized.