Convert Tanzanian Shilling to Armenian Dram
Please provide values below to convert Tanzanian Shilling [TZS] to Armenian Dram [AMD], or Convert Armenian Dram to Tanzanian Shilling.
How to Convert Tanzanian Shilling to Armenian Dram
1 TZS = 6.69210030907193 AMD
Example: convert 15 TZS to AMD:
15 TZS = 15 × 6.69210030907193 AMD = 100.381504636079 AMD
Tanzanian Shilling to Armenian Dram Conversion Table
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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.
Armenian Dram
The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.
History/Origin
The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.
Current Use
The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.