Convert Tanzanian Shilling to British Pound Sterling
Please provide values below to convert Tanzanian Shilling [TZS] to British Pound Sterling [GBP], or Convert British Pound Sterling to Tanzanian Shilling.
How to Convert Tanzanian Shilling to British Pound Sterling
1 TZS = 3472.19832477709 GBP
Example: convert 15 TZS to GBP:
15 TZS = 15 × 3472.19832477709 GBP = 52082.9748716563 GBP
Tanzanian Shilling to British Pound Sterling 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.
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.