Tanzanian shilling

Tanzanian shilling
Shilingi ya Tanzania (Swahili)
TSh.1,000/=	The Bank of Tanzania headquarters in Dar es Salaam
ISO 4217
Code	TZS (numeric: 834)
Subunit	0.01
Unit
Symbol	TSh, /=‎
Denominations
Subunit
1/100	cent
Banknotes	TSh.500/=, TSh.1,000/=, TSh.2,000/=, TSh.5,000/=, TSh.10,000/=
Coins	TSh.50/=, TSh.100/=, TSh.200/=, TSh.500/=
Demographics
User(s)	Tansania
Issuance
Central bank	Bank of Tanzania
Website	Bank of Tanzania website
Valuation
Inflation	5.6%
Source	The World Factbook, 2015 est.

The shilling (Swahili: shilingi; sign: TSh. /=; code: TZS) is the currency of Tanzania. It is subdivided into 100 cents (senti in Swahili). The Tanzanian shilling replaced the East African shilling on 14 June 1966 at par.^[1]

Symbol

Notation in the Tanzanian shilling is written in the form of x/y, where x is the amount above 1 shilling, while y is the amount in cents. An equals sign or hyphen represents zero amount. For example, 50 cents is written as "-/50" and 100 shillings as "100/=" or "100/-". Sometimes the abbreviation TSh. is prefixed.

This pattern was modelled on sterling's pre-decimal notation, in which amounts were written in some combination of pounds (£), shillings (s), and pence (d, for denarius). In that notation, amounts under a pound were notated only in shillings and pence.

Coins

In 1966, coins were introduced in denominations of TSh.-/5, TSh.-/20 and TSh.-/50 and TSh.1/=, with the TSh.-/5 struck in bronze, the TSh.-/20 in nickel-brass (copper-nickel-zinc) and the TSh.-/50 and TSh.1/= in cupro-nickel. Cupro-nickel TSh.5/= coins were introduced in 1972, followed by scalloped, nickel-brass TSh.-/10 in 1977. This First Series coins set, in circulation from 1966 up to 1984, was designed by Christopher Ironside OBE.^[2]

In 1987, nickel-plated steel replaced cupro-nickel in the TSh.-/50 and TSh.1/=, and cupro-nickel TSh.5/= and TSh.10/= coins were introduced, with the TSh.5/= decagonal in shape. In 1990, nickel-clad-steel TSh.5/=, TSh.10/= and TSh.20/= were introduced, followed by brass-plated steel coins for TSh.100/= in 1993, TSh.50/= in 1996 and copper-nickel-zinc TSh.200/= in 1998.

Coins currently in circulation are the TSh.50/=, TSh.100/=, TSh.200/=, and TSh.500/=. The TSh.500/= coin was issued on 8 September 2014.^[3]

Tanzanian shilling coins
Image	Value	Composition	Diameter	Weight	Thickness	Edge	Issued
	TSh.-/5	bronze	23.24 mm (dodecagonal)	4.0 g	1.33 mm	Smooth	1966-1984
	TSh.-/10	nickel-brass	25 mm (scalloped)	5.03 g	1.49 mm	Smooth	1977-1984
	TSh.-/20	nickel-brass	24 mm	5 g		Smooth	1966-1984
	TSh.-/50	copper-nickel	21 mm	4 g	1.6 mm	Reeded	1966-1984
	TSh.-/50	nickel-plated steel	21 mm	4 g	1.8 mm	Reeded	1988-1990
	TSh.1/=	copper-nickel	27.7 mm	8 g	1.62 mm	Reeded	1966-1984
	TSh.1/=	nickel-plated steel	23.5 mm	6.5 g		Reeded	1987-1992
	TSh.5/=	copper-nickel	31.5 mm (decagonal)	13.8 g	2.2 mm	Segmented; five smooth and reeded parts	1972-1980
	TSh.5/=	copper-nickel	27.5 mm (decagonal)	8.3 g	2 mm	Segmented; five smooth and reeded parts	1987-1989
	TSh.5/=	nickel-plated steel	27.5 mm (decagonal)	8.52 g	2 mm	Reeded	1990-1993
	TSh.10/=	copper-nickel	29 mm	9.7 g	2 mm	Reeded	1987-1989
	TSh.10/=	nickel-plated steel	29 mm	10 g	2.25 mm	Reeded	1990-1993
	TSh.20/=	nickel-plated steel	32 mm (heptagonal)	13 g	2 mm	Smooth	1990-1992
	TSh.50/=	brass-plated steel	22 mm (heptagonal)	7.91 g	2.9 mm	Smooth	1996
	TSh.100/=	brass-plated steel	24.5 mm	9 g	2.7 mm	Reeded	1993
	TSh.100/=	copper-nickel-zinc	26.8 mm	8 g	2 mm	Segmented; five smooth and reeded parts	1998
	TSh.500/=	nickel-plated steel	27.5 mm	9.5 g	2.4 mm	Reeded	2014

Banknotes

On 14 June 1966, the Benki Kuu Ya Tanzania (Bank of Tanzania) introduced notes for TSh.5, TSh.10, TSh.20 and TSh.100/=. The TSh.5/= note was replaced by a coin in 1972. TSh.50/= notes were introduced in 1985, followed by TSh.200/= in 1986, TSh.500/= in 1989 and TSh.1,000/= in 1990. The TSh.10/=, TSh.20/=, TSh.50/= and TSh.100/= notes were replaced by coins in 1987, 1990, 1996 and 1994, respectively. TSh.5,000/= and TSh.10,000/= notes were introduced in 1995, followed by TSh.2,000/= in 2003. A new series of notes came out in 2011. These new notes include many security features that prevent counterfeiting.^[4]^[5]

Banknotes in circulation today are TSh.500/=, TSh.1000/=, TSh.2,000/=, TSh.5,000/= and TSh.10,000/=

Older Series
Image		Value	Dimensions	Main Colour	Description			Date of issue
Obverse	Reverse	Value	Dimensions	Main Colour	Obverse	Reverse	Watermark	Date of issue
		TSh.10/=	-	Green	Julius Nyerere	Arusha Declaration Monument	Giraffe	-
		TSh.20/=	-	Blue-violet	Julius Nyerere	General Tyre East Africa Plant
		TSh.100/=	-	Red	Julius Nyerere	Maasai

1997 Series^[6]
Image	Value	Dimensions	Main Color	Description		Date of issue	Watermark
Image	Value	Dimensions	Main Color	Obverse	Reverse	Date of issue	Watermark
[2]	TSh.500/=	138 x 69 mm	Green	Tanzanian coat of arms; Giraffe; Zebra	Clove harvest; Uhuru Torch	1997	Giraffe
[3]	TSh.1,000/=	142 x 71 mm	Red	Tanzanian coat of arms; Giraffe; African Elephant	Kiwira coal mine; Door of People's Bank of Zanzibar	1997
[4]	TSh.1,000/=	142 x 71 mm	Red	Tanzanian coat of arms; Julius Nyerere; African Elephant	Kiwira coal mine; Door of People's Bank of Zanzibar	2000/=
[5]	TSh.5000/=	145 x 73 mm	Purple	Tanzanian coat of arms; Giraffe; Rhino	Giraffes; Mt Kilimanjaro	1997
[6]	TSh.10,000/=	149 x 75 mm	Indigo	Tanzanian coat of arms; Giraffe; Lion	Bank of Tanzania; "House of Wonder" (Zanzibar)	1997
These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table.

2003 Series [7]
Image		Value	Dimensions	Main Colour	Description			Date of issue
Obverse	Reverse	Value	Dimensions	Main Colour	Obverse	Reverse	Watermark	Date of issue
		TSh.500/=	130 × 63 mm	Green	African Buffalo	Nkrumah Hall, University of Dar es Salaam	Giraffe	2003
		TSh.1,000/=	135 × 66 mm	Blue	Julius Nyerere	Statehouse, Dar es Salaam
		TSh.2,000/=	140 × 69 mm	Orange-brown	Lion, Mount Kilimanjaro	Old Fort, Stone Town, Zanzibar
		TSh.5,000/=	145 × 72 mm	Purple	Black Rhinoceros	Geita gold Mine and House of Wonders Zanzibar
		TSh.10,000/=	150 × 75 mm	Red	Elephant	Bank of Tanzania headquarters in Dar es Salaam
These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table.

Currently in Circulation

2011 Series^[7]
Image		Values	Dimensions	Main Color	Description		Date of issue	Date of first issue	Watermark
Obverse	Reverse	Values	Dimensions	Main Color	Obverse	Reverse	Date of issue	Date of first issue	Watermark
		TSh.500/=	120 x 60 mm	Green	Tanzanian coat of arms; Sheikh Abeid Amani Karume	University of Dar es Salaam central hall building; graduating students wearing caps and gowns; Aesculap's rod	2011	1 January 2010	Julius Kambarage Nyerere with electrotype 500
		TSh.1,000/=	125 x 65 mm	Blue	Tanzanian coat of arms; President Julius Kambarage Nyerere; Bismarck Rock in Mwanza Harbor	Coffee plant; State House (Ikulu) building with flag in Dar es Salaam			Julius Kambarage Nyerere with electrotype 1000
		TSh.2,000/=	130 x 66 mm	Orange	Tanzanian coat of arms; Lion	Palm trees; old Omani Arab Fort (Ngome Kongwe) in Zanzibar's Stone Town; carved block			Julius Kambarage Nyerere with electrotype 2000
		TSh.5,000/=	135 x 67 mm	Purple	Tanzanian coat of arms; plant; black rhinoceros	Cyanid Leaching plant of the gold mines of Geita			Julius Kambarage Nyerere with electrotype 5000
		TSh.10,000/=	140 x 68 mm	Red	Tanzanian coat of arms; Elephant	Flowers; Bank of Tanzania headquarters building in Dar es Salaam			Julius Kambarage Nyerere with electrotype 10000
These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table.

Current TZS exchange rates
From Google Finance:	AUD CAD CHF CNY EUR GBP HKD JPY USD KES
From Yahoo! Finance:	AUD CAD CHF CNY EUR GBP HKD JPY USD KES
From XE.com:	AUD CAD CHF CNY EUR GBP HKD JPY USD KES
From OANDA:	AUD CAD CHF CNY EUR GBP HKD JPY USD KES

References

Notes

^ Linzmayer, Owen (2012). "Tanzania". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.
^ "Bank of Tanzania: Banking Operations - Currency Museum: Coins". bot-tz.org. Retrieved 2015-09-03.
^ "Image: IMG-20140907-WA0006.jpg, (960 × 1280 px)". bot.go.tz. Retrieved 2015-09-03.
^ Tanzania new note family confirmed BanknoteNews.com. Retrieved 2011-10-22.
^ [1] The Citizen. Retrieved 2011-10-22.
^ "Bank of Tanzania Historical Notes". bot. Bank of Tanzania. Retrieved 2015-07-05.
^ "Tanzania new note family confirmed | Africa | Banknote News". banknotenews.com. Retrieved 2015-09-03.

Sources

Krause, Chester L.; Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501.
Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. ISBN 0-87341-207-9.

External links

Bank of Tanzania page on circulating banknotes
The banknotes of Tanzania
[8] (in English, German, and French)

Preceded by: East African shilling Reason: currency independence Ratio: at par Note: independent shilling introduced in 1966, but EA shilling not demonetized until 1969	Currency of Tanzania 1966 –	Succeeded by: Current

[1] Linzmayer, Owen (2012). "Tanzania". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.

[bot-tz-2] "Bank of Tanzania: Banking Operations - Currency Museum: Coins". bot-tz.org. Retrieved 2015-09-03.

[bot2-3] "Image: IMG-20140907-WA0006.jpg, (960 × 1280 px)". bot.go.tz. Retrieved 2015-09-03.

[4] Tanzania new note family confirmed BanknoteNews.com. Retrieved 2011-10-22.

[5] [1] The Citizen. Retrieved 2011-10-22.

[bot-6] "Bank of Tanzania Historical Notes". bot. Bank of Tanzania. Retrieved 2015-07-05.

[banknotenews-7] "Tanzania new note family confirmed | Africa | Banknote News". banknotenews.com. Retrieved 2015-09-03.

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v t e Economy of Tanzania
Currency	Tanzanian shilling Bank of Tanzania	Flag of Tanzania
History	Ujamaa Zanzibar Economy Poverty
Industry and Business	Tanzania Mercantile Exchange (TMX) Agriculture Coffee Cashew Sisal Sugar Mining Unternehmen Tourism
Government Agencies	Chamber of Commerce Tanzania Ports Authority Taxation
Transport and Infrastructure	Airports Roads Rail TAZARA Railway DART Julius Nyerere International Airport
Communications	TTCL Vodacom tiGO Airtel Halotel Sasatel SEACOM EASSy
Finance and Banking	Dar es Salaam Stock Exchange (DSE) Banking Microfinance Telekommunikation
Economic Blocks	East African Community Southern African Development Community
Energy	TANESCO Power Plants Petroleum Development Tanzania Atomic Energy Commission
Future	East African Railway Master Plan Mtwara Development Corridor

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