Bank of Tanzania

The Bank of Tanzania (Swahili: Benki Kuu ya Tanzania) is the central bank of the United Republic of Tanzania. It is responsible for issuing the national currency, the Tanzanian shilling. [3]

The bank was established under the Bank of Tanzania Act 1965. However, in 1995, the government decided that the central bank had too many responsibilities, thus hindering its other objectives. As a result, the government introduced the Bank of Tanzania Act 1995, which gave the bank the single objective of monetary policy. [3]

It is governed by a board of directors consisting of ten people, four of whom are ex officio members which have three advisory committees that can assist them. The bank is headed by its Governor, assisted by three deputy governors in Administration, Economic and financial policies and Financial stability. [3]

Selected introductory text by Wikipedia contributors — Bank of Tanzania, under CC BY-SA 4.0. Official facts are cited separately.

1. 1965

   Establishment date in the institutional background record. [2]

Links retain their source-specific meaning. Award-time affiliations and links to related reading are not claims about current appointments or economic causation.

1. Reference source ↗
2. Wikidata background facts (CC0) ↗
3. Wikipedia contributors — Bank of Tanzania (CC BY-SA 4.0) ↗

Reviewed 23 October 2026. Historical dates and award-time affiliations retain their original context. A review date is not an event date. Background sources are identified separately from official records.