Tanzanian shilling

Infobox Currency
currency_name_in_local = Shilingi ya Tanzania sw icon
image_1 = 1000 tz shillings front.jpg|300px]
image_title_1 = 1000 shilingi
iso_code = TZS
using_countries = Tanzania
inflation_rate = 5.9%
inflation_source_date = " [https://www.cia.gov/library/publications/the-world-factbook/fields/2092.html The World Factbook] ", 2006 est.
subunit_ratio_1 = 1/100
subunit_name_1 = senti
symbol = x/y (see article)
used_coins = 5, 10, 20, 50, 100, 200 shilingi
used_banknotes = 500, 1000, 2000, 5000, 10000 shilingi
issuing_authority = Bank of Tanzania
issuing_authority_website = www.bot-tz.org

The shilingi (Swahili, English: "shilling") is the currency of Tanzania, although widespread use of U.S. dollars is accepted. It is subdivided into 100 "senti" ("cents" in English).The Tanzanian shilling replaced the East African shilling in 1966 at par.

"For earlier currencies used in Tanzania, see East African florin, East African rupee, Zanzibari rupee, Zanzibari riyal and German East African rupie."

ymbol

Amount in the Tanzanian shilingi is written in the form of "x/y", where x is the amount above 1 shilingi, while y is the amount in senti. An equals sign or hyphen represent zero amount. For example, 50 senti is written as "=/50" or "-/50", while 100 shilingi is written as "100/=" or "100/-".

Coins

In 1966, coins were introduced in denominations of 5, 20 and 50 senti and 1 shilingi, with the 5 senti struck in bronze, the 20 senti in nickel-brass and the 50 senti and 1 shilingi in cupro-nickel. Cupro-nickel 5 shilingi coins were introduced in 1972, followed by scalloped, nickel-brass 10 senti in 1977. In 1987, nickel-clad steel replaced cupro-nickel in the 50 senti and 1 shilingi, and cupro-nickel 5 and 10 shilingi coins were introduced, with the 5 shilingi octagonal in shape. In 1990, nickel-clad-steel 5, 10 and 20 shilingi were introduced, followed by brass coins for 100 shilingi in 1994, 50 shilingi in 1996 and 200 shilingi in 1998.

Coins currently in circulation are the 50, 100 and 200 shilingi.

Banknotes

In 1966, the Benki Ku Yaa Tanzania (Bank of Tanzania) introduced notes for 5, 10, 20 and 100 shilingi (also denominated in shillings on the first series of notes). The 5 shilingi note was replaced by a coin in 1972. 50 shilingi notes were introduced in 1985, followed by 200 shilingi in 1986, 500 shilingi in 1989 and 1000 shilingi in 1990. The 10, 20, 50 and 100 shilingi notes were replaced by coins in 1987, 1990, 1996 and 1994, respectively. 5000 and 10,000 shilingi notes were introduced in 1995, followed by 2000 shilingi in 2003.

Banknotes in circulation today are 500, 1000, 2000, 5000 and 10,000 shilingi.

ee also

* Economy of Tanzania

References

*numis cite SCWC | date=1991
*numis cite SCWPM | date=1994

External links

Standard numismatics external links
world_coin_gallery_1_url = Tanzania
world_coin_gallery_1_name = Tanzania
banknote_world_1_url = tanzania
banknote_world_1_name = Tanzania
dollarization_1_url = tz
dollarization_1_name = Tanzania
gfd_1_url = Tanzania
gfd_1_name = Tanzania
gfd_data_1_url =
gfd_data_1_name =
show_gfd_excel = Y
* [http://www.bot-tz.org/BankingOperations/Currency/currency_in_circulation.htm Bank of Tanzania page on circulating banknotes]