Tanzania, United Republic of CBDC Tracker

Tanzania is currently in the research phase. The Bank of Tanzania issued a public notice in early 2023 that said “the Bank of Tanzania has been researching and exploring potentiality of issuance of its CBDC” and “formed a multidisciplinary technical team to examine practical aspects of CBDC.” The notice concluded by saying that “the Bank of Tanzania has adopted a phased, cautious and risk based approach to adoption of CBDC” and “Upon conclusion of research phase, the Bank will provide information to the general public on the way forward, which may include a roadmap for transition to adoption of CBDC.”

A full analysis of the CBDC developments in Tanzania and Tanzania’s treatment of civil liberties is forthcoming.

In the meantime, for additional information on concerns regarding violations of human rights and civil liberties, see the following reports by Amnesty International, Financial Tyranny Index, Freedom House, Human Rights Watch, Privacy International, and the U.S. Department of State. For additional information on concerns regarding the risks of CBDCs, see the following webpage and report by the Cato Institute: The Risks of CBDCs and Central Bank Digital Currency: Assessing the Risks and Dispelling the Myths.

For additional information regarding metrics, the methodology page explains each of the data points and provides their respective sources.