Convert Tanzanian Shilling to Peruvian Nuevo Sol
Please provide values below to convert Tanzanian Shilling [TZS] to Peruvian Nuevo Sol [PEN], or Convert Peruvian Nuevo Sol to Tanzanian Shilling.
How to Convert Tanzanian Shilling to Peruvian Nuevo Sol
1 TZS = 722.410883435928 PEN
Example: convert 15 TZS to PEN:
15 TZS = 15 × 722.410883435928 PEN = 10836.1632515389 PEN
Tanzanian Shilling to Peruvian Nuevo Sol Conversion Table
| Tanzanian Shilling | Peruvian Nuevo Sol |
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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.
Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.