Convert Euro to Tanzanian Shilling
Please provide values below to convert Euro [EUR] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Euro.
How to Convert Euro to Tanzanian Shilling
1 EUR = 0.000331774236950382 TZS
Example: convert 15 EUR to TZS:
15 EUR = 15 × 0.000331774236950382 TZS = 0.00497661355425573 TZS
Euro to Tanzanian Shilling Conversion Table
| Euro | Tanzanian Shilling |
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Euro
The euro (EUR) is the official currency of the Eurozone, used by 19 of the 27 European Union member states, and is one of the world's major reserve currencies.
History/Origin
The euro was introduced in electronic form in 1999 and banknotes and coins entered circulation on January 1, 2002, replacing national currencies and fostering economic integration within the Eurozone.
Current Use
The euro is widely used across the Eurozone countries for everyday transactions, international trade, and as a reserve currency held by central banks worldwide.
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.