DETECTING AND COMBATING OF COUNTERFEIT CURRENCY

Class Description

TRAINING ON DETECTION AND COMBATING COUNTERFEIT CURRENCY  FROM 28^TH AUGUST TO 01^ST SEPTEMBER  2023,  AT THE BANK OF TANZANIA HEAD OFFICE DODOMA

A.  INTRODUCTION

Section 26 of the Bank of Tanzania Act of 2006 provides for the sole right of the Bank of Tanzania to issue banknotes and coins, which is the only legal tender in Tanzania. To sustain the trust and credibility of the Tanzania Shilling to the public, it is pertinent that all key and relevant stakeholders are engaged in the detection and combating of counterfeit currency. These stakeholders include the central bank, banks, financial institutions and law enforcement agencies.

To achieve this aspiration, key stakeholders need to be equipped with the necessary knowledge, skills, and attitude in detection and combating counterfeit currency, so that they are able to assess and apply the process of combating counterfeiting and counterfeit currency.

B.   OBJECTIVE OF THE COURSE

The objective of this training is to reduce the prevalence of counterfeit currency in the financial sector in Tanzania. At the end of the course, participants will be able to: –

1. Describe the counterfeiting process and counterfeit currency,
2. Demonstrate currency security features in combating counterfeit currency,
3. Examine the legal and regulatory framework in the context of counterfeit currency,
4. Examine strategies for combating counterfeiting and counterfeit currency and
5. Manage collaboration with Tanzania Police Force; and Banks, and Financial Institutions in combating counterfeiting and counterfeit currency.

C.  CONTENTS OF THE COURSE

1. Overview of Currency in Global and Tanzanian Context;
2. Counterfeiting Process and Counterfeit Currency,
3. Currency Security Features in Combating Counterfeit Currency,
4. Legal and Regulatory Framework for Combating Counterfeiting and Counterfeit Currency,
5. Strategies for Combating Counterfeiting and Counterfeit Currency, and
6. Management of collaboration between Tanzania Police Force; and Banks, and Financial Institutions in combating counterfeiting and counterfeit currency
7. Effects of counterfeit currency in the economy.
8. Effects of rules and regulations on dectation and combating counterfeit currency.

D.   TARGET GROUP

Officers from the Bank of Tanzania, banks, financial institutions, and law enforcement agencies are involved in the prevention and combating of counterfeit currency, and currency management functions.

E.   SCHEDULED DATES AND DURATION

One (1) week: From 28^th August to 01^st September 2023. First Day Registration starts at 08.30 A.M.

F.   COURSE FACILITATORS

This course will be facilitated by the Bank of Tanzania Academy in collaboration with the Directorate of Banking.

G.  VENUE

Bank of Tanzania Head Office Dodoma

H.   FEES

The fee for each participant is TZS 1.0 million or USD 500 for non-residents covering tuition, course materials, lunch, and mid-session refreshments. Participants will be responsible for their travel costs and upkeep. Please make the payment of your fees using the following channel:

Bank Transfer through TISS Transferee Bank: Bank of Tanzania

Account Number:            9944713006

Account Name:                Course Fees         

SWIFT CODE:                  TANZTZTXXXX

I.    MODE OF APPLICATION

Send a letter, fax, e-mail, or make a phone call to the Academy through any of the mentioned contacts below. The course will accommodate 25 participants and the first come first served principle will apply. Applications should reach us at least two (2) working days before commencement of the course.

All applications should be addressed to:

The Principal,

Bank of Tanzania Academy,

P.O. Box 131, Capri-Point,

MWANZA

+255 (0) 28 2 500 982/709/983 +255 (0) 28 2 503 380

Email: academy@bot.go.tz