Pound Sterling to Tanzanian Shilling — exchange rate

The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.

Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.

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.