Convert Tanzanian Shilling to Gibraltar Pound
Please provide values below to convert Tanzanian Shilling [TZS] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Tanzanian Shilling.
How to Convert Tanzanian Shilling to Gibraltar Pound
1 TZS = 3471.72929893287 GIP
Example: convert 15 TZS to GIP:
15 TZS = 15 × 3471.72929893287 GIP = 52075.939483993 GIP
Tanzanian Shilling to Gibraltar Pound 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.
Gibraltar Pound
The Gibraltar Pound (GIP) is the official currency of Gibraltar, pegged at par to the British Pound Sterling and used alongside it locally.
History/Origin
Introduced in 1934, the Gibraltar Pound replaced the Gibraltar Pound issued during the British colonial period. It has maintained a fixed exchange rate with the British Pound since its inception, with coins and banknotes issued specifically for Gibraltar.
Current Use
The Gibraltar Pound is widely used in Gibraltar for everyday transactions, alongside the British Pound Sterling. It is accepted locally and is also used in some border areas of Spain, with coins and banknotes issued by the Government of Gibraltar.