Tanzanian shilling (TZS)

The Tanzanian shilling (ISO code: TZS) is the official currency of Tanzania, introduced in 1966 to replace the East African shilling at par value. Subdivided into 100 cents, it is issued by the Bank of Tanzania. The currency serves as the primary monetary unit across mainland Tanzania and Zanzibar, operating under a floating exchange rate system to reflect market supply and demand within East Africa.