Convert United States Dollar to Tanzanian Shilling
Please provide values below to convert United States Dollar [USD] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to United States Dollar.
How to Convert United States Dollar to Tanzanian Shilling
1 USD = 0.000389086709218227 TZS
Example: convert 15 USD to TZS:
15 USD = 15 × 0.000389086709218227 TZS = 0.0058363006382734 TZS
United States Dollar to Tanzanian Shilling Conversion Table
| United States Dollar | Tanzanian Shilling |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international 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.