{"id":37,"date":"1970-01-01T01:01:00","date_gmt":"2006-07-01T12:07:00","guid":{"rendered":"https:\/\/tanz.indiafin.com\/index.php\/2006\/07\/01\/bank-of-tanzania-act\/"},"modified":"2026-03-16T07:32:49","modified_gmt":"2026-03-16T07:32:49","slug":"bank-of-tanzania-act","status":"publish","type":"post","link":"https:\/\/tanz.indiafin.com\/index.php\/1970\/01\/01\/bank-of-tanzania-act\/","title":{"rendered":"BANK OF TANZANIA ACT"},"content":{"rendered":"<p class=\"title\">\n<p class=\"heading\"><a name=\"SCh197\"><\/a>CHAPTER 197<br \/>BANK OF TANZANIA ACT\n<\/p>\n<p class=\"Centered\">[SUBSIDIARY LEGISLATION]\n<\/p>\n<p class=\"heading\">INDEX TO SUBSIDIARY LEGISLATION\n<\/p>\n<p>&nbsp;&nbsp;&nbsp;&nbsp;NOTICES\n<\/p>\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href=\"#SCH197THE_SPECIFIED_AND_DESIGNATED_FINANCIAL_INSTITUTIONS_NOTICE\">The Specified and Designated Financial Institutions Notice<\/a>\n<\/p>\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href=\"#SCH197OMITTED_NOTICES\">Omitted Notices<\/a>\n<\/p>\n<\/p>\n<p class=\"heading\">NOTICES\n<\/p>\n<p class=\"heading\"><a name=\"SCH197THE_SPECIFIED_AND_DESIGNATED_FINANCIAL_INSTITUTIONS_NOTICE\"><\/a>THE SPECIFIED AND DESIGNATED FINANCIAL INSTITUTIONS NOTICE<\/a>\n<\/p>\n<p>G.N. No. 484 of 1990\n<\/p>\n<p>&nbsp;&nbsp;&nbsp;&nbsp;<b>1.<\/b> This Notice may be cited as the Specified and Designated Financial Institutions Notice.\n<\/p>\n<p>&nbsp;&nbsp;&nbsp;&nbsp;<b>2.<\/b> It is hereby notified that&ndash;\n<\/p>\n<p class=\"TI\">&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;the institutions appearing in Schedule A to this Notice are &#8220;Specified Financial Institutions&#8221; for the purposes of the Bank of Tanzania Act; and\n<\/p>\n<p class=\"TI\">&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;the institutions appearing in Schedule B of the Notice are &#8220;Designated Financial Institutions&#8221; for the purposes of the sections 43, 44, 45 and 46 of the Bank of Tanzania Act.\n<\/p>\n<p class=\"heading\">SCHEDULE A\n<\/p>\n<p class=\"QT-Table\">&nbsp;&nbsp;&nbsp;&nbsp;Tanzania Investment Bank.\n<\/p>\n<p class=\"QT-Table\">&nbsp;&nbsp;&nbsp;&nbsp;Tanganyika Development Finance Company Limited.\n<\/p>\n<p class=\"QT-Table\">&nbsp;&nbsp;&nbsp;&nbsp;National Insurance Corporation of Tanzania Limited.\n<\/p>\n<p class=\"QT-Table\">&nbsp;&nbsp;&nbsp;&nbsp;National Provident Fund.\n<\/p>\n<p class=\"QT-Table\">&nbsp;&nbsp;&nbsp;&nbsp;Post Office Savings Bank.\n<\/p>\n<p class=\"QT-Table\">&nbsp;&nbsp;&nbsp;&nbsp;Diamond Jubilee Investment Trust.\n<\/p>\n<p>{mprestriction ids=&#8221;1,2,3&#8243;}<\/p>\n<p class=\"QT-Table\">&nbsp;&nbsp;&nbsp;&nbsp;Karadha Company Limited.\n<\/p>\n<p class=\"QT-Table\">&nbsp;&nbsp;&nbsp;&nbsp;Zanzibar Insurance Corporation.\n<\/p>\n<p class=\"heading\">SCHEDULE B\n<\/p>\n<p class=\"QT-Table\">&nbsp;&nbsp;&nbsp;&nbsp;Tanzania Investment Bank.\n<\/p>\n<p class=\"QT-Table\">&nbsp;&nbsp;&nbsp;&nbsp;Tanzania Development Finance Company Limited.\n<\/p>\n<p><a name=\"SCH197OMITTED_NOTICES\"><\/a>OMITTED NOTICES<\/a>\n<\/p>\n<p class=\"heading\">THE DETERMINATION OF THE PAR VALUE OF THE CURRENCY NOTICES\n<\/p>\n<p>&nbsp;&nbsp;&nbsp;&nbsp;The following Notices have been omitted:\n<\/p>\n<p><table width=\"100%\" cellpadding=\"4\" cellspacing=\"4\" class=\"tableborder\">\n<\/tr>\n<tr style=\"font-size: 12px\">\n<td class=\"tableborder\">\n<p class=\"QT-Table\">G.N. No. 223 of 1966<\/p>\n<\/td>\n<td class=\"tableborder\">\n<p class=\"QT-Table\">The Agreement of the International Monetary Fund (Determining the Par Value of a Shilling in terms of Gold) Notice.<\/p>\n<\/td>\n<\/tr>\n<tr style=\"font-size: 12px\">\n<td class=\"tableborder\">\n<p class=\"QT-Table\">G.N. No. 126 of 1969<\/p>\n<\/td>\n<td class=\"tableborder\">\n<p class=\"QT-Table\">One Hundred Shillings Bank Note to be Issued by the Bank of Tanzania Notice.<\/p>\n<\/td>\n<\/tr>\n<tr style=\"font-size: 12px\">\n<td class=\"tableborder\">\n<p class=\"QT-Table\">G.N. No. 224 of 1971<\/p>\n<\/td>\n<td class=\"tableborder\">\n<p class=\"QT-Table\">Coins to be Issued by the Bank of Tanzania Notice.<\/p>\n<\/td>\n<\/tr>\n<tr style=\"font-size: 12px\">\n<td class=\"tableborder\">\n<p class=\"QT-Table\">G.N. No. 276 of 1971<\/p>\n<\/td>\n<td class=\"tableborder\">\n<p class=\"QT-Table\">The Agreement of the International Monetary Fund (Determining the Par Value of the Shilling in terms of Gold) Notice.<\/p>\n<\/td>\n<\/tr>\n<tr style=\"font-size: 12px\">\n<td class=\"tableborder\">\n<p class=\"QT-Table\">G.N. No. 18 of 1973<\/p>\n<\/td>\n<td class=\"tableborder\">\n<p class=\"QT-Table\">The Agreement of the International Monetary Fund (Determining the Par Value of the Shilling in terms of Gold) Notice.<\/p>\n<\/td>\n<\/tr>\n<tr style=\"font-size: 12px\">\n<td class=\"tableborder\">\n<p class=\"QT-Table\">G.N. No. 103 of 1973<\/p>\n<\/td>\n<td class=\"tableborder\">\n<p class=\"QT-Table\">To be specified as public authority for the purpose of the Bank of Tanzania Act (The Tanzania Rural Development Bank) Notice.<\/p>\n<\/td>\n<\/tr>\n<tr style=\"font-size: 12px\">\n<td class=\"tableborder\">\n<p class=\"QT-Table\">G.N. No. 253 of 1975<\/p>\n<\/td>\n<td class=\"tableborder\">\n<p class=\"QT-Table\">The Agreement of the International Monetary Fund (Determining the Par Value of the Shilling in terms of Special Drawing Right) Notice.<\/p>\n<\/td>\n<\/tr>\n<tr style=\"font-size: 12px\">\n<td class=\"tableborder\">\n<p class=\"QT-Table\">G.N. No. 102 of 1996<\/p>\n<\/td>\n<td class=\"tableborder\">\n<p class=\"QT-Table\">The Coins to be issued by the Bank of Tanzania Notice.<\/p>\n<\/td>\n<\/tr>\n<tr style=\"font-size: 12px\">\n<td class=\"tableborder\">\n<p class=\"QT-Table\">G.N. No. 12 of 1977<\/p>\n<\/td>\n<td class=\"tableborder\">\n<p class=\"QT-Table\">Determination of the Bank to Issue a Coin Notice.<\/p>\n<\/td>\n<\/tr>\n<tr style=\"font-size: 12px\">\n<td class=\"tableborder\">\n<p class=\"QT-Table\">G.N. No. 238 of 1986<\/p>\n<\/td>\n<td class=\"tableborder\">\n<p class=\"QT-Table\">The Value of a Shilling (per one United States Dollar) Notice.<\/p>\n<\/td>\n<\/tr>\n<tr style=\"font-size: 12px\">\n<td class=\"tableborder\">\n<p class=\"QT-Table\">G.N. No. 672 of 1986<\/p>\n<\/td>\n<td class=\"tableborder\">\n<p class=\"QT-Table\">Two Hundred Shillings Bank Note to be Issued by the Bank of Tanzania Notice.<\/p>\n<\/td>\n<\/tr>\n<tr style=\"font-size: 12px\">\n<td class=\"tableborder\">\n<p class=\"QT-Table\">G.N. No. 89 of 1987<\/p>\n<\/td>\n<td class=\"tableborder\">\n<p class=\"QT-Table\">Determination of the Bank of Tanzania to Issue a Ten Shillings Coin Notice.<\/p>\n<\/td>\n<\/tr>\n<tr style=\"font-size: 12px\">\n<td class=\"tableborder\">\n<p class=\"QT-Table\">G.N. No. 201 of 1987<\/p>\n<\/td>\n<td class=\"tableborder\">\n<p class=\"QT-Table\">Determination of the Bank of Tanzania to Issue Commemorative Coins Notice.<\/p>\n<\/td>\n<\/tr>\n<tr style=\"font-size: 12px\">\n<td class=\"tableborder\">\n<p class=\"QT-Table\">G.N. No. 430 of 1987<\/p>\n<\/td>\n<td class=\"tableborder\">\n<p class=\"QT-Table\">Determination of the Bank of Tanzania to Issue New Bank Notes in the Denomination of Fifty and Twenty Shillings Notice.<\/p>\n<\/td>\n<\/tr>\n<tr style=\"font-size: 12px\">\n<td class=\"tableborder\">\n<p class=\"QT-Table\">G.N. No. 431 of 1987<\/p>\n<\/td>\n<td class=\"tableborder\">\n<p class=\"QT-Table\">Determination of the Bank of Tanzania to Issue New Coins in the Denominations of One and Five Shillings Notice.<\/p>\n<\/td>\n<\/tr>\n<tr style=\"font-size: 12px\">\n<td class=\"tableborder\">\n<p class=\"QT-Table\">G.N. No. 201 of 1988<\/p>\n<\/td>\n<td class=\"tableborder\">\n<p class=\"QT-Table\">Determination of the Bank of Tanzania to Issue Commemorative Coins in the Denomination of Twenty Shillings Notice.<\/p>\n<\/td>\n<\/tr>\n<tr style=\"font-size: 12px\">\n<td class=\"tableborder\">\n<p class=\"QT-Table\">G.N. No. 343 of 1988<\/p>\n<\/td>\n<td class=\"tableborder\">\n<p class=\"QT-Table\">The Value of a Shilling (per one United States Dollar) Notice.<\/p>\n<\/td>\n<\/tr>\n<tr style=\"font-size: 12px\">\n<td class=\"tableborder\">\n<p class=\"QT-Table\">G.N. No. 905 of 1988<\/p>\n<\/td>\n<td class=\"tableborder\">\n<p class=\"QT-Table\">Five Hundred Shillings Bank of Tanzania Note to be Issued of 1988 by the Bank of Tanzania Notice.<\/p>\n<\/td>\n<\/tr>\n<tr style=\"font-size: 12px\">\n<td class=\"tableborder\">\n<p class=\"QT-Table\">G.N. No. 235 of 1989<\/p>\n<\/td>\n<td class=\"tableborder\">\n<p class=\"QT-Table\">The Value of a Shilling (per one United States Dollar) Notice.<\/p>\n<\/td>\n<\/tr>\n<tr style=\"font-size: 12px\">\n<td class=\"tableborder\">\n<p class=\"QT-Table\">G.N. No. 441 of 1992<\/p>\n<\/td>\n<td class=\"tableborder\">\n<p class=\"QT-Table\">The Bank of Tanzania (Issue of One Hundred and Two Thousand Silver and Gold Shillings Coins) Notice.<\/p>\n<\/td>\n<\/tr>\n<tr style=\"font-size: 12px\">\n<td class=\"tableborder\">\n<p class=\"QT-Table\">G.N. No. 139 of 1991<\/p>\n<\/td>\n<td class=\"tableborder\">\n<p class=\"QT-Table\">Twenty Shilling Bank of Tanzania Coin to be Issued by the Bank of Tanzania Notice.<\/p>\n<\/td>\n<\/tr>\n<tr style=\"font-size: 12px\">\n<td class=\"tableborder\">\n<p class=\"QT-Table\">G.N. No. 1 of 1992<\/p>\n<\/td>\n<td class=\"tableborder\">\n<p class=\"QT-Table\">Determination of the Bank of Tanzania to Issue New Coins of Twenty Five Shillings on 6\/12\/1991 Notice.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p class=\"QT-Table\">\n{\/mprestriction}<\/p>\n<hr>\n","protected":false},"excerpt":{"rendered":"<p>CHAPTER 197BANK OF TANZANIA ACT [SUBSIDIARY LEGISLATION] INDEX TO SUBSIDIARY LEGISLATION &nbsp;&nbsp;&nbsp;&nbsp;NOTICES &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Specified and Designated Financial Institutions Notice &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Omitted [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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