BANK of Tanzania (BoT) has assured Tanzanians that though there is resemblance between genuine and counterfeit bank notes, the genuine notes remain safe and difficult to forge.
The advisor to BoT’s Director of Banking
Services, Mr Hassan Jarufu, speaking at Ngongo grounds here yesterday,
said some crooks have been trying hard but in vain to imitate the
genuine note standards. He said the genuine banknotes’ state-of-the-art
security features are difficult to forge, saying the public should not
worry of criminals’ technology.
“I can assure the public that those who
always forge banknotes will never manage to include all features because
the genuine banknote is unique and difficult to forge,” he said.
However, Mr Jarufu said BoT is always on alert on any new technology
that could help the criminals to forge banknotes.
“We always take serious measures and
conduct deep investigations whenever we get link of the manufacturing of
fake banknotes, we do not give chance to criminals to share experience
or coin innocent Tanzanians,” he said.
Reacting on rumours that the 500/- coin
is highly needed for manufacturing of necklaces and earrings, Mr Jarufu
said: “Those were mere lies, it is a completely false story.” He said
the coin is manufactured from iron and nickel and not silver or any
other mineral as it has been stated before by some people on streets.
He said the coin contains 94 per cent of
iron and six per cent of nickel. He added that BoT continues phasing
out all 500/- notes and that those taken to BoT are not reintroduced
back into circulation.
The BoT operation manager, Ms Leah
Mzundu, said the central bank now allows members of the public who needs
‘change’ to go directly to BoT and get the services. “We are inviting
all people who wish to change banknotes into coins or vice-versa to
directly visit BoT for the service,” she said.
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