Money Matters

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CURRENCY

CURRENCY CONVERTER

CHANGING MONEY

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CURRENCY:
The unit of currency is the Tanzanian Shilling (TZS). Note denominations are 10,000, 5,000,
1,000, 500, 200 and 100 shillings
and coins of 100, 50, 20, 10 and 5 cents.

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CURRENCY CONVERTER

Monday, May 7, 2007

1 US Dollar = 1,302.90 Tanzanian Shilling
1 Tanzanian Shilling (TZS) = 0.0007675 US Dollar (USD)

Median price = 1,222.00 / 1,302.90 (bid/ask)
Minimum price = 1,222.00 / 1,302.90
Maximum price = 1,222.00 / 1,302.90

Link to Tanzanian Shilling exchange rate service

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CHANGING MONEY

It is best to carry your hard currency in US Dollars.
You can change hard currency, travellers cheques in plenty of places.
You can not change travellers cheques for USD.
Keep hold of your changing receipts so that you can change your shillings back to hard currency when you leave.

Almost all hotels, car hire, diving, safari operators, airlines etc. will require you to pay in US Dollars currency.
Travellers cheques are usually changed at around 5% to 10% lower than cash. Credit cards are accepted in many hotels etc but a charge of up to 20% may be levied.
Sometimes airport tax is only accepted in USD, which means you must have some with you. In Dar, Zanzibar and Arusha you can get cash against Mastercard and Visa cards, at the Coastal Travels Offices.
The exchange rate isn't great though and there is a TZS 4000 charge. Exchange here is limited to USD 600 per day.
There is now a cash machine at Barclays Bank in Zanzibar Stone Town.
There is no black market of any note. Ignore offers on the street - it's probably a set-up.