Bank of Tanzania

The Bank of Tanzania (BoT) is the central bank of the United Republic of Tanzania, established in 1966 under the Bank of Tanzania Act of 1965. It is fully owned by the government and is responsible for maintaining monetary stability, regulating the financial system, and ensuring a stable and sound economy.

It serves as the highest financial authority in Tanzania’s banking system, overseeing all commercial banks, microfinance institutions, credit bureaus, and other financial service providers. Its main role is not to serve individuals or give loans, but to control, regulate, and stabilize the entire financial ecosystem.

SERVICES

• Monetary Policy Management: Controls inflation and interest rates to maintain economic stability.
• Currency Issuance: Issues and regulates the Tanzanian Shilling (TSh), the official national currency.
• Bank Supervision & Regulation: Licenses, regulates, and supervises all banks and financial institutions in Tanzania.
• Financial System Stability: Ensures safety, soundness, and stability of the banking and financial sector.
• Payment Systems Oversight: Regulates and monitors national payment, clearing, and settlement systems.
• Foreign Exchange Management: Manages exchange rates and foreign currency reserves.
• Government Banking Services: Acts as banker, advisor, and fiscal agent to the government.
• Financial Inclusion Programs: Supports initiatives that expand access to financial services for underserved populations.
• Credit Bureau Regulation: Oversees credit reference bureaus and credit reporting systems.
• Economic Advisory Services: Provides economic and financial policy advice to the government.

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