TZS · TZS
Tanzanian Shilling (TZS)
The Tanzanian shilling (TZS) is the official currency of Tanzania, issued by the Bank of Tanzania. It was introduced in 1966, replacing the East African shilling.
Convert this currency
Converted amount
0.0004 USD
Exchange rate
1 TZS = 0.000380 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
TZS · Tanzanian Shilling
Tanzanian Shilling (TZS): Overview and History
The Tanzanian shilling (TZS) is the official currency of the United Republic of Tanzania, a country in East Africa. It is issued and regulated by the Bank of Tanzania, the nation's central bank. The currency code is TZS, and its symbol is TSh. The shilling is subdivided into 100 cents, although coins of cents are rarely used in daily transactions due to their low value.
The Tanzanian shilling was introduced in 1966, replacing the East African shilling at par. The East African shilling had been used in Tanzania, Kenya, and Uganda during the colonial period and after independence. Since its introduction, the shilling has undergone several changes, including the issuance of new banknote series to incorporate enhanced security features and reflect the country's cultural heritage.
The value of the Tanzanian shilling is determined by market forces in the foreign exchange market. The Bank of Tanzania does not peg the currency to any other currency, but it may intervene to stabilize excessive fluctuations. The shilling is widely used in all economic activities within Tanzania, and it is not freely convertible in international markets. For accurate and up-to-date exchange rates, it is advisable to consult official financial sources.
- Code
- TZS
- Symbol
- TZS
- Current rate
- USD / TZS
Currency information
Last updated · 8/7/2026
Introduced in 1966, replacing the East African Shilling at par.
- Official name
- Tanzanian Shilling
- Legal tender status
- Legal tender in Tanzania
- Decimal places
- 2
- Minor unit
- Senti · 1 TZS = 100 Senti
- Countries
- Tanzania
- Issuing authority
- Bank of Tanzania
- Central bank
- Bank of Tanzania · Official website
- Exchange-rate regime
- Managed floating
Common banknotes
TSh 500 · TSh 1,000 · TSh 2,000 · TSh 5,000 · TSh 10,000
Common coins
TSh 50 · TSh 100 · TSh 200 · TSh 500
Also known as
Shilingi · Tanzanian Shilling · TZS · TSh
Practical notes
- The currency is issued by the Bank of Tanzania.
- The symbol 'TSh' is commonly used.
Priority currency pairs
The most useful conversions for this currency.
Tanzanian Shilling questions
What is the TZS exchange rate?
The displayed rate is the latest available reference rate for USD/TZS. It can change throughout the day.
How can I convert TZS online?
Use the converter above to calculate indicative amounts between TZS and the other supported currencies.