Convert Aruban Florin to Tanzanian Shilling
Please provide values below to convert Aruban Florin [AWG] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Aruban Florin.
How to Convert Aruban Florin to Tanzanian Shilling
1 AWG = 0.000696465209500626 TZS
Example: convert 15 AWG to TZS:
15 AWG = 15 × 0.000696465209500626 TZS = 0.0104469781425094 TZS
Aruban Florin to Tanzanian Shilling Conversion Table
Aruban Florin | Tanzanian Shilling |
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Aruban Florin
The Aruban Florin (AWG) is the official currency of Aruba, used as a medium of exchange within the country.
History/Origin
The Aruban Florin was introduced in 1986, replacing the Netherlands Antillean Guilder at par, to establish a distinct national currency for Aruba.
Current Use
The AWG is widely used in Aruba for all daily transactions, banking, and trade, and is pegged to the US dollar at a fixed rate.
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.