Days after the Bank of Tanzania (BoT) published new regulations to tighten controls on foreign exchange dealings that were informed by shortages of the dollar, the bank is warning foreign currency dealers to be on the lookout for counterfeit dollars.
In an October 10, 2023 notice to commercial banks and bureau de change operators, BoT said it had “received information regarding seizure of large amounts of US dollar counterfeit notes in a foreign country, which were destined for the African continent”.
