About the Tanzanian Shilling
The Tanzanian Shilling was introduced in 1966, replacing the East African Shilling at par. It has been the official currency since the union of Tanganyika and Zanzibar to form Tanzania.
The name 'Shilling' is a continuation of the name of the currency used in the former British East Africa.
Interesting Facts
Wildlife and National Unity
Tanzanian banknotes showcase the nation's rich wildlife (including the Big Five) and symbols of national unity, such as the Declaration of Arusha monument.
Mount Kilimanjaro
The highest denomination banknotes feature Mount Kilimanjaro, Africa's highest peak and a major tourist attraction, symbolizing Tanzania's natural grandeur.
East African Community Currency
As a member of the East African Community, Tanzania is part of the long-term plan to establish a common East African currency, which would eventually replace the Shilling.
Historical Timeline
Tanganyika and Zanzibar unite to form Tanzania.
The Tanzanian Shilling is introduced.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- TZS
- Symbol
- TSh
- Numeric Code
- 834
- Subunit
- Cent (1/100)
- Introduced
- 1966-06-14
Central Bank
- Name
- Bank of Tanzania
- Headquarters
- Dar es Salaam, Tanzania
- Founded
- 1966
- Current Governor
- Emmanuel M. Tutuba (since 2023)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 3.1%
- Interest Rate
- 5.50%
Exchange Rates
What Affects the TZS Exchange Rate?
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