Convert Peruvian Nuevo Sol to Tanzanian Shilling
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Tanzanian Shilling
1 PEN = 0.00138425378538569 TZS
Example: convert 15 PEN to TZS:
15 PEN = 15 × 0.00138425378538569 TZS = 0.0207638067807853 TZS
Peruvian Nuevo Sol to Tanzanian Shilling Conversion Table
| Peruvian Nuevo Sol | Tanzanian Shilling |
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Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.
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.