Bank of Tanzania warns of sophisticated counterfeits as offenders face life imprisonment

senior central bank officer Mr Atufigwegwe Mwakabalula highlighting key security features in local banknotes in Dodoma

Dar es Salaam. The Bank of Tanzania (BoT) has issued a renewed call for heightened public vigilance as it intensifies its campaign against counterfeit currency, reminding citizens that those convicted of producing or circulating fake notes face some of the nation’s most severe penalties — including life imprisonment.

Addressing journalists on November 21, 2025 during a workshop in Dodoma, senior central bank official Mr Atufigwegwe Mwakabalula warned that counterfeiters are rapidly advancing their techniques, making it increasingly important for the public to distinguish genuine banknotes from forged ones.