Everything You Need to Know About Tanzanian Shilling

The Tanzanian shilling is the official currency of Tanzania, and it's a vital part of the country's economy. The Tanzanian shilling is issued by the Bank of Tanzania, the country's central bank.

You can exchange your money for Tanzanian shillings at airports, banks, and currency exchange offices. The exchange rate fluctuates, so it's essential to check the current rate before your trip.

The Tanzanian shilling is available in various denominations, including coins and banknotes. The coins come in 10, 20, 50, 100, and 200 shillings, while the banknotes are available in 500, 1,000, 2,000, and 5,000 shillings.

See what others are reading: 1000 Tanzanian Shillings to Usd

The Tanzanian shilling is the official currency of Tanzania, also known as The United Republic of Tanzania.

The Central Bank of Tanzania, or Benki Kuu Ya Tanzania in Swahili, is responsible for issuing the Tanzanian shilling, which is coded as TZS.

One Tanzanian shilling can be divided into 100 senti.

See what others are reading: 20 Usd to Tanzanian Shilling

The Tanzanian shilling comes in various denominations and types, making it a convenient currency for everyday transactions. The banknotes, introduced in 2010, feature the Tanzanian coat of arms and notable figures like Sheikh Abeid Amani Karume and Julius Kambarage Nyerere.

The 2011 series of banknotes includes denominations of 500/=, 1,000/=, 2,000/=, 5,000/=, and 10,000/=, each with unique dimensions and colors. The 500/= banknote, for example, measures 120 x 60 mm and features a green main color.

The Tanzanian shilling also comes in coins, which were first introduced in 1966 in denominations of -/5, -/10, -/20, and -/50, with the -/5 struck in bronze. The coins have undergone several design changes over the years, with the 50/=, 100/=, 200/=, and 500/= coins currently in circulation.

The coins have distinct features, such as the 50/= coin being made of brass-plated steel and measuring 22 mm in diameter. The 200/= coin, on the other hand, is made of copper-nickel-zinc and features a segmented design with five smooth and reeded parts.

Here's a list of the current coin denominations in circulation:

These coin denominations offer a convenient way to make small transactions, and their distinct features make them easy to identify.

Converting Tanzanian Shillings to US Dollars can be done with live exchange rates, which are updated in real-time. You can use a currency converter to get the current exchange rate.

The current exchange rate as of January 15, 2025, at 21:26 is 1 TZS = 0.0004 USD. You can also check the exchange rate history for the past 7 days, which shows that the rate has remained the same since January 8, 2025.

To convert a specific amount of Tanzanian Shillings to US Dollars, you can use the following formula: amount in TZS / exchange rate. For example, if you want to convert 100,000 TZS to USD, the calculation would be 100,000 / 0.0004.

Here's a table showing the exchange rate history for the past 7 days:

Note that the exchange rate may vary depending on the currency exchange service you use. It's always a good idea to shop around and compare rates before making a transaction.

For more insights, see: Foreign Exchange Certificate

The exchange rate for Tanzanian shillings to US dollars is currently 1 TZS = 0.0004 USD, as of 15/01/2025 21:26. This rate is subject to change and can vary from day to day.

You can check the exchange rate history for the past 7 days to see how the rate has fluctuated. For example, on the 1st January 2025, the rate was also 1 TZS = 0.0004 USD.

To get a better understanding of the exchange rate, you can use a live currency converter, which can also provide you with handy conversion tables and charts. Here are some popular Tanzanian shilling exchange rates:

Explore further: 1 Us Dollar to Tanzanian Shillings

Currency Charts are a great way to visualize exchange rates over time. The chart for Tanzanian Shilling (TZS) to US Dollar (USD) exchange rate shows that from January 1st to 14th, 2025, the exchange rate remained consistent at 1 TZS = 0.0004 USD.

Looking at the exchange rate history, you can see that the rate has been steady, with no significant fluctuations. This is useful for planning and budgeting purposes, as you can rely on the rate being the same from day to day.

The chart also shows that the rate has remained the same for over a week, indicating a stable market. This stability can be beneficial for travelers, businesses, and individuals who need to exchange currencies.

Here's a summary of the exchange rate history for the past two weeks:

By examining the chart and exchange rate history, you can make informed decisions about currency exchange and planning.

If this caught your attention, see: Series B Banknotes

The Tanzanian shilling is a floating currency, which means its value depends on supply, market, and demand.

This type of currency system can be volatile, and the TZS is no exception. The Tanzanian shilling is depreciating due to a decline in international commodity prices for agricultural goods coming from Tanzania.

As a result, the value of the TZS is losing purchasing power, making imports more expensive for Tanzanian businesses and individuals.

The Tanzanian shilling, or shilingi in Swahili, is the official currency of the United Republic of Tanzania.

It's a free-floating currency, not pegged to any other monetary unit, and the US dollar is widely accepted throughout Tanzania.

The Tanzanian shilling has been in use since 1966, when it replaced the East African shilling at par, or at the ratio of 1:1.

Initially, the Tanzanian shilling circulated in denominations of 5, 20, and 50 senti, as well as 1 shilling.

The 5-senti coin is bronze, the 20-senti is nickel-brass, and the half-shilling and one-shilling coins are cupro-nickel.

Coins have denominations of 50, 100, 200, and 500 shilingi, and the current series of coins are all made from brass, except for the 500 shilling, which is nickel-plated steel.

Banknotes currently in circulation have 500, 1000, 2000, 5000, and 10,000 shilingi denominations.

Here's an interesting read: 50 Philippines Peso

The Tanzanian shilling's relationship with the US dollar is a bit complex. The Tanzanian shilling (TZS) is pegged to the US dollar (USD) at a fixed rate of 2,300 TZS per USD.

This fixed exchange rate is maintained by the Bank of Tanzania, the country's central bank. The bank aims to keep inflation low and maintain economic stability.

The fixed exchange rate means that 1 USD is equivalent to 2,300 TZS. This rate is subject to change, but it has been relatively stable over the years.

The fixed exchange rate also means that tourists and travelers can easily exchange their USD for TZS at a fixed rate. This can be a big help when traveling to Tanzania.

If this caught your attention, see: History of Central Bank Digital Currencies by Country