Convert Tanzanian Shilling to Cuban Peso
Please provide values below to convert Tanzanian Shilling [TZS] to Cuban Peso [CUP], or Convert Cuban Peso to Tanzanian Shilling.
How to Convert Tanzanian Shilling to Cuban Peso
1 TZS = 107.088383333333 CUP
Example: convert 15 TZS to CUP:
15 TZS = 15 × 107.088383333333 CUP = 1606.32575 CUP
Tanzanian Shilling to Cuban Peso Conversion Table
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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.
Cuban Peso
The Cuban Peso (CUP) is the official currency of Cuba, used for everyday transactions within the country.
History/Origin
The Cuban Peso has been the official currency of Cuba since 1960, replacing the Cuban peso convertible (CUC) as the primary currency after the monetary reforms. It has undergone various changes in value and design over the years, reflecting Cuba's economic policies and relations.
Current Use
Today, the Cuban Peso is used mainly for domestic transactions, while the CUC is used for tourism and foreign trade. The CUP remains an essential part of Cuba's monetary system, with recent reforms aiming to unify the currency system.