Euro to Tanzanian Shilling — exchange rate

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Denominations of banknotes in circulation: €5, €10, €20, €50, €100

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More

Country of Circulation: Tanzania

Currency Code, Symbol: TZS, TSh

Denominations of coins in circulation: 50, 100, 200, 500 shilingi

Denominations of banknotes in circulation: 1000, 2000, 5000, 10,000 shilingi

History: The Tanzanian shilling (TSh) is used for payment in Tanzania. It is a country in East Africa. The currency is not applicable for other states.The national currency is denoted as TZS. The Tanzanian shilling is divided into cents. Every TZS has 100 cents. The currency has come into circulation in 1966. Before that, the country used the East African shilling. As for now, only those notes that were issued in 2003 and later are considered official. However, the old notes can still be exchanged to new ones in the National Bank of Tanzania.Read More