TZS

Tanzanian Shilling

TZS is the official currency of Tanzania. It is issued by the Bank of Tanzania and is subdivided into 100 senti.

The shilling replaced the East African shilling in 1966 at par. It operates as a free-floating currency with the Bank of Tanzania monitoring and adjusting monetary policy. A new series of banknotes with enhanced security features was introduced in 2011.

Related Terms

USD

United States Dollar

USD is the official currency of the United States and its territories. It's the world's primary rese...

KES

Kenyan Shilling

KES is the official currency of Kenya. It is issued by the Central Bank of Kenya and is subdivided i...

UGX

Ugandan Shilling

UGX is the official currency of Uganda. It is issued by the Bank of Uganda.

RWF

Rwandan Franc

RWF is the official currency of Rwanda. It is issued by the National Bank of Rwanda and is subdivide...

Bank of Tanzania

Bank of Tanzania is Tanzania's central bank. It sets monetary policy, issues the TZS, and supports f...

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