The
Tanzanian Shilling (TZS) is the title of the country’s currency.
The money was introduced to replace the East African Shilling in
1966. One Shilling is equal to 100 Cents. The distribution and
regulation of exchange rates for this currency are handled by the
Bank of Tanzania. Exchange rates are displayed by the bank’s
website and a number of online foreign exchange information resources.
Denominations:
Coins exist for 5, 10, 20, 50 Cents, 1, 5, 10, 20, 50, 100 and
200 Shillings. Banknotes exist for 500, 1000, 2000, 5000 and
10000 Shillings.
Exchange rates against major currencies:
At the time of writing (July 2006); one $US was equivalent to
1,263.5 TZS; one British Pound was equal to 2,332.3 TZS and one
Euro was equal to 1,593.8 TZS.
