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The Tanzanian Shilling the official currency of the United Republic of Tanzania. The Tanzanian Shilling is represented by the symbol TSh and by the abbreviation TZS. The Tanzanian Shilling is further divided into 100 Senti. The banknotes and coins are issued by the Bank of Tanzania. Banknotes ranging from 500 to 10,000 Shillingi are issued and coins ranging from 50 to 500 Shillingi are issued. The Tanzanian Shillings has an exchange value of 33-35 TSh against the Indian Rupee currency. The Tanzanian Shilling is a closed currency meaning that it can only be used only in Tanzania and exchanged only there. Find the live rates of Tanzanian currency here.
Tanzania is a small country in the African continent. Just like any other African nation Tanzania too is an underdeveloped nation with rich and diverse natural habitats to explore. The country lacks a coordinated governing system and the people experience a much lesser quality of living. Even then the nation strives to access basic necessities. Tanzania even then is visited by people all over the world. Many countries have invested in Tanzania because of the rich natural reserves of the nation. Oil and gas are the most prominent among these reserves. The USD is another popular currency that is used in Tanzania. It is used almost anywhere for transactions. Since the currency of Tanzania, the Tanzanian Shillings has very low value it will be difficult to carry around loads of cash for expenses. So the best practice for carrying cash is in Tanzania is in the form of US Dollars. For incidentals, it is best to carry some Tanzanian Shillings. The Tanzanian Shillings is a closed currency just like the Indian Rupee. So the currency will only be available in Tanzania. No other forex centres in the world will provide Tanzanian Shillings except those in Tanzania. The Tanzanian Shillings has an exchange value of TSh 2250-2300 against one USD.
The conversion of Indian Rupees to Tanzanian Shilling cannot be done in any banks or exchange centres in India. Because of the fact that the Shillingi is a closed currency and there is no demand for the currency in India makes it impossible to obtain in India. So it’s always best to convert INR to USD in India and then convert USD to Tanzanian Shillings in Tanzania or use it as itself there. This is the most practical way of carrying foreign currency from India other than forex cards.
| Currency | Tanzanian Shilling |
|---|---|
| ISO Code | TZS |
| Symbol | TSh |
| Nick Name | Shillingi |
| Sub Units | Senti ( 1 Shilling= 100 Senti) |
| Denominations | |
| Notes | 500, 1000, 2000, 5000, 10000 Tsh |
| Coins | 50,100, 200, 500 TSh |
| Valid in | Tanzania |
The Indian Rupee cannot be directly converted to Tanzanian currency. There are no banks or money changer in India that can do so. This is because of the fact that the currency is a closed one. The currency can only be available in Tanzania. To obtain the currency a common method used is to convert INR to USD and then convert USD into TZS at Tanzania. In India, ExTravelMoney.com can help you convert INR to USD at the best exchange rate in your region. You can choose from the list of vendors available in your region along with their exchange rates. You can place your order online and complete the procedure with the help of our customer care executive. Make the payment online and you can even request the vendor to deliver the forex to your home and pick up the KYC documents.
The Tanzanian Shillings is the currency of Tanzania and is accepted and circulated in Tanzania only. The banks or money changers will not accept any form of the currency in India due to the zero demand and popularity of the currency in the Indian market. So the best way of converting TZS to INR is by converting TZS to USD before you leave Tanzania and then convert USD to INR in India. You can experience at home services with the help of ExTravelMoney.com for converting your USD to INR and at the best exchange rate of the day too. Choose from the available vendors in your region and place the order. With the help of our customer care executive, complete the order. You can request the vendor to provide at home services in exchanging the forex and picking up the KYC documents.
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