Convert Tanzanian Shilling to Ethiopian Birr
Please provide values below to convert Tanzanian Shilling [TZS] to Ethiopian Birr [ETB], or Convert Ethiopian Birr to Tanzanian Shilling.
How to Convert Tanzanian Shilling to Ethiopian Birr
1 TZS = 18.8098204588502 ETB
Example: convert 15 TZS to ETB:
15 TZS = 15 × 18.8098204588502 ETB = 282.147306882752 ETB
Tanzanian Shilling to Ethiopian Birr Conversion Table
| Tanzanian Shilling | Ethiopian Birr |
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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.
Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.