Convert Chinese Yuan to Tanzanian Shilling
Please provide values below to convert Chinese Yuan [CNY] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Chinese Yuan.
How to Convert Chinese Yuan to Tanzanian Shilling
1 CNY = 0.00279126914326064 TZS
Example: convert 15 CNY to TZS:
15 CNY = 15 × 0.00279126914326064 TZS = 0.0418690371489095 TZS
Chinese Yuan to Tanzanian Shilling Conversion Table
| Chinese Yuan | Tanzanian Shilling |
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Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).
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.