Convert Moroccan Dirham to Tanzanian Shilling
Please provide values below to convert Moroccan Dirham [MAD] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Moroccan Dirham.
How to Convert Moroccan Dirham to Tanzanian Shilling
1 MAD = 0.00350500980265055 TZS
Example: convert 15 MAD to TZS:
15 MAD = 15 × 0.00350500980265055 TZS = 0.0525751470397583 TZS
Moroccan Dirham to Tanzanian Shilling Conversion Table
| Moroccan Dirham | Tanzanian Shilling |
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Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.
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.