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The Tanzanian shilling is the legal currency used in mainland Tanzania and Zanzibar. Its international code is TZS, and one shilling is divided into 100 cents. The Bank of Tanzania has the sole right to issue the country’s banknotes and coins. In everyday use, amounts commonly run into thousands of shillings, while cents are rarely important for normal cash payments. TZS is useful in international documents because several East African countries use currencies called shillings. The code separates the Tanzanian shilling from the Ugandan, Kenyan, and Somali versions without needing to rely on the local symbol alone.
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