Convert British Pound Sterling to Tanzanian Shilling
Please provide values below to convert British Pound Sterling [GBP] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to British Pound Sterling.
How to Convert British Pound Sterling to Tanzanian Shilling
1 GBP = 0.000288001982163331 TZS
Example: convert 15 GBP to TZS:
15 GBP = 15 × 0.000288001982163331 TZS = 0.00432002973244997 TZS
British Pound Sterling to Tanzanian Shilling Conversion Table
| British Pound Sterling | Tanzanian Shilling |
|---|
British Pound Sterling
The British Pound Sterling (GBP) is the official currency of the United Kingdom and its territories, used as a standard unit of monetary value.
History/Origin
The Pound Sterling is one of the oldest currencies still in use, dating back to the 8th century. It was originally a silver coin and has evolved through various forms, including the gold standard and fiat currency, becoming the UK's primary currency in the 19th century.
Current Use
Today, the GBP is widely used in the UK and its territories, serving as the main currency for everyday transactions, banking, and international trade. It is also a major reserve currency globally.
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.