Tanzanian shilling

Tanzanian shilling
Shilingi ya Tanzania  (Swahili)
1000 shillingsThe Bank of Tanzania
ISO 4217
Code TZS
Denominations
Subunit
 1/100 senti
Symbol TSh
Banknotes 500, 1000, 2000, 5000, 10,000 shilingi
Coins 50, 100, 200, 500 shilingi
Demographics
User(s) Tanganyika
Issuance
Central bank Bank of Tanzania
 Website Central bank website
Valuation
Inflation 5.6%
 Source The World Factbook, 2015 est.

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

Symbol

Amount in the Tanzanian shilingi is written in the form of x/y, where x is the amount above 1 shiling, 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/-". In common, daily use, the symbol TSh is used.

Coins

A 200 tz shillings front.

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 shillingi in cupro-nickel. Cupro-nickel 5 shilingi coins were introduced in 1972, followed by scalloped, nickel-brass 10 senti in 1977. This First Series coins set, in circulation from 1966 up to 1984, was designed by Christopher Ironside OBE.[2]

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. A 500 shilingi coin was issued on the 8 September 2004[3]

Banknotes

On 14 June 1966, the Benki Kuu Ya Tanzania (Bank of Tanzania) introduced notes for 5, 10, 20 and 100 shillingi (also denominated in shillings on the first series of notes). The 5 shillingi note was replaced by a coin in 1972. 50 shillingi notes were introduced in 1985, followed by 200 shilingi in 1986, 500 shillingi in 1989 and 1000 shillingi in 1990. The 10, 20, 50 and 100 shillingi notes were replaced by coins in 1987, 1990, 1996 and 1994, respectively. 5000 and 10,000 shillingi notes were introduced in 1995, followed by 2000 shilingi 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 500, 1000, 2000, 5000 and 10,000 shilingi.

Older Series
ImageValueDimensionsMain ColourDescriptionDate of issue
ObverseReverseObverseReverseWatermark
10/= (Ten Shillings) - Green Julius Nyerere Arusha Declaration Monument Giraffe -
20/= (Twenty Shillings) - Blue-violet Julius Nyerere General Tyre East Africa Plant
100/= (One Hundred Shillings) - Red Julius Nyerere Maasai
1997 Series[6]
ImageValueDimensionsMain ColorDescriptionDate of issueWatermark
ObverseReverse
500 /= (Shilingi Mia Tano) 138 x 69 mm Green Tanzanian coat of arms; Giraffe; Zebra Clove harvest; Uhuru Torch 1997 Giraffe
1000 /= (Shillingi Elfu Moja) 142 x 71 mm Red Tanzanian coat of arms; Giraffe; African Elephant Kiwira coal mine; Door of People's Bank of Zanzibar
1000 /= (Shilingi Elfu Moja) 142 x 71 mm Red Tanzanian coat of arms; Julius Nyerere; African Elephant Kiwira coal mine; Door of People's Bank of Zanzibar 2000
5000 /= (Shillingi Elfu Tano) 145 x 73 mm Purple Tanzanian coat of arms; Giraffe; Rhino Giraffes; Mt Kilimanjaro 1997
10,000 /= (Shilingi Elfu Kumi) 149 x 75 mm Indigo Tanzanian coat of arms; Giraffe; Lion Bank of Tanzania; "House of Wonder" (Zanzibar)
These images are to scale at 0.7 pixel per millimeter. For table standards, see the banknote specification table.
2003 Series
ImageValueDimensionsMain ColourDescriptionDate of issue
ObverseReverseObverseReverseWatermark
500/= (Shilingi Mia Tano) 130 × 63 mm Green African Buffalo Nkrumah Hall, University of Dar es Salaam Giraffe 2003
1000/= (Shilingi Elfu Moja) 135 × 66 mm Blue-violet Julius Nyerere Statehouse, Dar es Salaam
2000/= (Shillingi Elfu Mbili) 140 × 69 mm Orange-brown Lion, Mount Kilimanjaro Old Fort, Stone Town, Zanzibar
5000/= (Shillingi Elfu Tano) 145 × 72 mm Purple Black Rhinoceros Geita gold Mine and House of Wonders Zanzibar
10 000/= (Shillingi Elfu Kumi) 150 × 75 mm Red Elephant Bank of Tanzania headquarters in Dar es Salaam
These images are to scale at 0.7 pixel per millimeter. For table standards, see the banknote specification table.

Currently in Circulation

2011 Series[7]
ImageValuesDimensionsMain ColorDescriptionDate of issueDate of first issueWatermark
ObverseReverse
500 /= (Shilingi Mia Tano) 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
1000 /= (Shillingi Elfu Moja) 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
2000 /= (Shilingi Elfu Mbili) 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
5000 /= (Shillingi Elfu Tano) 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
10,000 /= (Shilingi Elfu Kumi) 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 millimeter. For table standards, see the banknote specification table.
Current TZS exchange rates
From Google Finance: AUD CAD CHF EUR GBP HKD JPY USD CNY
From Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD CNY
From XE: AUD CAD CHF EUR GBP HKD JPY USD CNY
From OANDA: AUD CAD CHF EUR GBP HKD JPY USD CNY
From fxtop.com: AUD CAD CHF EUR GBP HKD JPY USD CNY

See also

References

Notes

  1. ↑ Linzmayer, Owen (2012). "Tanzania". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.
  2. ↑ "Bank of Tanzania: Banking Operations - Currency Museum: Coins". bot-tz.org. Retrieved 2015-09-03.
  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. ↑ The Citizen. Retrieved 2011-10-22.
  6. ↑ "Bank of Tanzania Historical Notes". bot. Bank of Tanzania. Retrieved 2015-07-05.
  7. ↑ "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.
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
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