Tanzania Shilling

About The Tanzania Shilling: The Currency of the United Republic of Tanzania

Quick Facts About the Tanzania Shilling Notes

Country of Origin	United Republic of Tanzania
Symbol	TSh
Currency Code	TZS
Nick Names	Shilling
Minor units
Denominations (Banknotes)	50, 100, 200, 500 shilingi coins and 500, 1000, 2000, 5000, 10,000 shilingi notes
Motto
Identification Feature	Each note has pictures on both sides from Tanzania and are in different colours.
Issuing Bank	Bank of Tanzania
In Circulation Since	2011

The Tanzanian shilling is the official currency of the Republic of Tanzania, which is located in Eastern Africa. It is a developing country, so the Tanzanian shilling rate is not that high. The Tanzanian shilling is a free-floating currency, where the live Tanzanian shilling rate or value is set up by the forex markets without any intervention from the government. Each Tanzanian shilling is worth 100 senti, or cents, in Swahili. The Tanzanian shilling symbol is often written or denoted in the ‘x/y’ form, where x is the number of shillings and y is the number of cents. Commonly, however, TSh is also quite frequently used.

The value of the Tanzanian shilling to Indian rupee is 0 🔄 INR, and the Tanzanian shilling to Dollar is $0.00043.

History of the Tanzania Shilling

The currency, which is currently known as the Tanzanian shilling, has come into circulation since 1966. The shilling currency substituted the East African shilling after Tanganyika and Zanzibar united and gained independence from the British, and the Tanzanian shilling rate has been low ever since. But before the Tanzanian Shilling, there were other currencies that circulated throughout the country. The two areas experienced various different types of colonial rule from different regions of Europe. The areas were used by them as a major source of food and resources. Like most other African colonies under British rule, the East African Rupee was also accepted in the two regions that now make up Tanzania. Initially, the Tanzanian shilling was circulated mainly in the form of coins with the denotations of 5, 10, 20 senti, and 1 shilling. Eventually, the values of the coins in the Tanzanian Shilling currency increased, and now coins of 50, 100, 200, and 500 shillings are available. The Tanzanian shilling symbol used is also quite unique. There also exist banknotes of 500, 1000, 2000, 5000, and 10000 along with coins in shilling currency.

Countries Accepting the Tanzania Shilling

Amount in the Tanzania Shilling You Should Carry for Your Trip

Tanzania is a very popular tourist site in Africa for its numerous national parks. It can be quite cheap for most people from abroad to visit the country since the Tanzanian shilling exchange rate is quite low. The amount of Tanzanian Shilling one needs on a trip can be considered quite subjective since the amount spent in a day would depend a lot on the chosen type of accommodation, transport, food items, etc. However, on a budget trip, it is expected to spend an average of about TZS 200,000, which, turning from Tanzanian shilling to dollar is about $86 a day. Since the price varies, it will be safe to carry roughly $100 a day. While travelling, be careful of the Tanzanian shilling symbol since there are various versions that are used. Before visiting, always remember to check the current Tanzanian shilling price. If all this seems like a hassle to you, you can easily make Tanzanian shilling forex cards that make the process of Tanzanian shilling currency exchange a lot easier.