Convert Tanzanian Shilling to Euro
Please provide values below to convert Tanzanian Shilling [TZS] to Euro [EUR], or Convert Euro to Tanzanian Shilling.
How to Convert Tanzanian Shilling to Euro
1 TZS = 3014.09780696611 EUR
Example: convert 15 TZS to EUR:
15 TZS = 15 × 3014.09780696611 EUR = 45211.4671044916 EUR
Tanzanian Shilling to Euro Conversion Table
| Tanzanian Shilling | Euro |
|---|
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.
Euro
The euro (EUR) is the official currency of the Eurozone, used by 19 of the 27 European Union member states, and is one of the world's major reserve currencies.
History/Origin
The euro was introduced in electronic form in 1999 and banknotes and coins entered circulation on January 1, 2002, replacing national currencies and fostering economic integration within the Eurozone.
Current Use
The euro is widely used across the Eurozone countries for everyday transactions, international trade, and as a reserve currency held by central banks worldwide.