Tanzanian shilling

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

Tanzanian shilling
Shilingi ya Tanzania  (Swahili)
1000 tz shillings front.jpg Bank of Tanzania golden hour.jpg
TSh.1,000/=The Bank of Tanzania headquarters in Dar es Salaam
ISO 4217
CodeTZS
Denominations
Subunit
 1/100cent
SymbolTSh, /=
BanknotesTSh.500/=, TSh.1,000/=, TSh.2,000/=, TSh.5,000/=, TSh.10,000/=
CoinsTSh.50/=, TSh.100/=, TSh.200/=, TSh.500/=
Demographics
User(s) Tanzania
Issuance
Central bankBank of Tanzania
 WebsiteBank of Tanzania website
Valuation
Inflation5.6%
 SourceThe World Factbook, 2015 est.

SymbolEdit

Notation in the Tanzanian shilling is written in the form of x/y, where x is the amount above 1 shilling, while y is the amount in cents. An equals sign or hyphen represents zero amount. For example, 50 cents is written as "-/50" and 100 shillings as "100/=" or "100/-". Sometimes the abbreviation TSh. is prefixed.

This pattern was modelled on sterling's pre-decimal notation, in which amounts were written in some combination of pounds (£), shillings (s), and pence (d, for denarius). In that notation, amounts under a pound were notated only in shillings and pence.

CoinsEdit

 
TSh.200/= obverse

In 1966, coins were introduced in denominations of TSh.-/5, TSh.-/20 and TSh.-/50 and TSh.1/=, with the TSh.-/5 struck in bronze, the TSh.-/20 in nickel-brass (copper-nickel-zinc) and the TSh.-/50 and TSh.1/= in cupro-nickel. Cupro-nickel TSh.5/= coins were introduced in 1972, followed by scalloped, nickel-brass TSh.-/10 in 1977. This First Series coins set, in circulation from 1966 up to 1984, was designed by Christopher Ironside OBE.[2]

In 1987, nickel-plated steel replaced cupro-nickel in the TSh.-/50 and TSh.1/=, and cupro-nickel TSh.5/= and TSh.10/= coins were introduced, with the TSh.5/= decagonal in shape. In 1990, nickel-clad-steel TSh.5/=, TSh.10/= and TSh.20/= were introduced, followed by brass-plated steel coins for TSh.100/= in 1993, TSh.50/= in 1996 and copper-nickel-zinc TSh.200/= in 1998.

Coins currently in circulation are the TSh.50/=, TSh.100/=, TSh.200/=, and TSh.500/=. The TSh.500/= coin was issued on 8 September 2014.[3]

Tanzanian shilling coins
Image Value Composition Diameter Weight Thickness Edge Issued
  TSh.-/5 bronze 23.24 mm (dodecagonal) 4.0 g 1.33 mm Smooth 1966-1984
  TSh.-/10 nickel-brass 25 mm (scalloped) 5.03 g 1.49 mm Smooth 1977-1984
 
 
TSh.-/20 nickel-brass 24 mm 5 g Smooth 1966-1984
 
 
TSh.-/50 copper-nickel 21 mm 4 g 1.6 mm Reeded 1966-1984
TSh.-/50 nickel-plated steel 21 mm 4 g 1.8 mm Reeded 1988-1990
 
 
TSh.1/= copper-nickel 27.7 mm 8 g 1.62 mm Reeded 1966-1984
  TSh.1/= nickel-plated steel 23.5 mm 6.5 g Reeded 1987-1992
 
 
TSh.5/= copper-nickel 31.5 mm (decagonal) 13.8 g 2.2 mm Segmented; five smooth and reeded parts 1972-1980
TSh.5/= copper-nickel 27.5 mm (decagonal) 8.3 g 2 mm Segmented; five smooth and reeded parts 1987-1989
TSh.5/= nickel-plated steel 27.5 mm (decagonal) 8.52 g 2 mm Reeded 1990-1993
TSh.10/= copper-nickel 29 mm 9.7 g 2 mm Reeded 1987-1989
 
 
TSh.10/= nickel-plated steel 29 mm 10 g 2.25 mm Reeded 1990-1993
TSh.20/= nickel-plated steel 32 mm (heptagonal) 13 g 2 mm Smooth 1990-1992
 
 
TSh.50/= brass-plated steel 22 mm (heptagonal) 7.91 g 2.9 mm Smooth 1996
 
 
TSh.100/= brass-plated steel 24.5 mm 9 g 2.7 mm Reeded 1993
 
 
TSh.100/= copper-nickel-zinc 26.8 mm 8 g 2 mm Segmented; five smooth and reeded parts 1998
 
 
TSh.500/= nickel-plated steel 27.5 mm 9.5 g 2.4 mm Reeded 2014

BanknotesEdit

On 14 June 1966, the Benki Kuu Ya Tanzania (Bank of Tanzania) introduced notes for TSh.5, TSh.10, TSh.20 and TSh.100/=. The TSh.5/= note was replaced by a coin in 1972. TSh.50/= notes were introduced in 1985, followed by TSh.200/= in 1986, TSh.500/= in 1989 and TSh.1,000/= in 1990. The TSh.10/=, TSh.20/=, TSh.50/= and TSh.100/= notes were replaced by coins in 1987, 1990, 1996 and 1994, respectively. TSh.5,000/= and TSh.10,000/= notes were introduced in 1995, followed by TSh.2,000/= 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 TSh.500/=, TSh.1000/=, TSh.2,000/=, TSh.5,000/= and TSh.10,000/=

Older Series
Image Value Dimensions Main Colour Description Date of issue
Obverse Reverse Obverse Reverse Watermark
    TSh.10/= - Green Julius Nyerere Arusha Declaration Monument Giraffe -
    TSh.20/= - Blue-violet Julius Nyerere General Tyre East Africa Plant
    TSh.100/= - Red Julius Nyerere Maasai
1997 Series[6]
Image Value Dimensions Main Color Description Date of issue Watermark
Obverse Reverse
[2] TSh.500/= 138 x 69 mm Green Tanzanian coat of arms; Giraffe; Zebra Clove harvest; Uhuru Torch 1997 Giraffe
[3] TSh.1,000/= 142 x 71 mm Red Tanzanian coat of arms; Giraffe; African Elephant Kiwira coal mine; Door of People's Bank of Zanzibar
[4] TSh.1,000/= 142 x 71 mm Red Tanzanian coat of arms; Julius Nyerere; African Elephant Kiwira coal mine; Door of People's Bank of Zanzibar 2000/=
[5] TSh.5000/= 145 x 73 mm Purple Tanzanian coat of arms; Giraffe; Rhino Giraffes; Mt Kilimanjaro 1997
[6] TSh.10,000/= 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 millimetre. For table standards, see the banknote specification table.
2003 Series [7]
Image Value Dimensions Main Colour Description Date of issue
Obverse Reverse Obverse Reverse Watermark
    TSh.500/= 130 × 63 mm Green African Buffalo Nkrumah Hall, University of Dar es Salaam Giraffe 2003
    TSh.1,000/= 135 × 66 mm Blue Julius Nyerere Statehouse, Dar es Salaam
    TSh.2,000/= 140 × 69 mm Orange-brown Lion, Mount Kilimanjaro Old Fort, Stone Town, Zanzibar
    TSh.5,000/= 145 × 72 mm Purple Black Rhinoceros Geita gold Mine and House of Wonders Zanzibar
    TSh.10,000/= 150 × 75 mm Red Elephant Bank of Tanzania headquarters in Dar es Salaam
These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table.

Currently in CirculationEdit

2011 Series[7]
Image Values Dimensions Main Color Description Date of issue Date of first issue Watermark
Obverse Reverse Obverse Reverse
TSh.500/= 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
TSh.1,000/= 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
TSh.2,000/= 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
TSh.5,000/= 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
TSh.10,000/= 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 millimetre. For table standards, see the banknote specification table.
Current TZS exchange rates
From Google Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD KES
From Yahoo! Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD KES
From XE.com: AUD CAD CHF CNY EUR GBP HKD JPY USD KES
From OANDA: AUD CAD CHF CNY EUR GBP HKD JPY USD KES

See alsoEdit

ReferencesEdit

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. ^ [1] 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

External linksEdit

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