TANZANIA

(TZA) Currency News >>

CURRENCY:

Tanzanian Shilling - TZS, Symbol TSh

DENOMINATIONS:

NOTE: TSh10,000, 5000, 2,000, 1,000 and 500.

COIN: TSh200, 100 and 50.

US DOLLAR ACCEPTED?

Yes

CREDIT/DEBIT CARDS AND ATMS:

Money exchange services are available at banks and bureaux de change. Be sure to retain receipts.

CURRENCY EXCHANGE:

Major credit cards will be accepted in large hotels and ATM machines are available in main towns.

TRAVELLER'S CHEQUES:

Best in US dollars or Sterling and these can be cashed at bureaux de change.

BANKING HOURS:

Mon-Fri 0830-1230 Sat 0830-1300. Note these banking hours may vary - check in advance if unsure.

CURRENCY RESTRICTIONS:

Import and export of local currency is prohibited.

COUNTRY OVERVIEW:

Tanzania is officially called the United Republic of Tanzania and is located in East Africa. Being on the Indian Ocean, it is a major seaport for itself and surrounding landlocked countries. The capital is Dodoma but the largest city is Dar es Salaam. The official languages are Swahili and English.

POPULATION:

Around 40 million.

ECONOMY:

The main element of the economy of Tanzania is agriculture and takes over the main proportion of GDP and exports, as well as the labour force. There are natural resources including natural gas and gold. Tanzanite gemstones also come from Tanzania.