Convert New Taiwan Dollar to Tanzanian Shilling
Please provide values below to convert New Taiwan Dollar [TWD] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Tanzanian Shilling
1 TWD = 0.0114255312161932 TZS
Example: convert 15 TWD to TZS:
15 TWD = 15 × 0.0114255312161932 TZS = 0.171382968242898 TZS
New Taiwan Dollar to Tanzanian Shilling Conversion Table
| New Taiwan Dollar | Tanzanian Shilling |
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.