Tanzania Currency & USD↔TZS Guide
A short guide to the Tanzanian Shilling and how the US Dollar ↔ Tanzanian Shilling exchange rate works.
What is the Tanzanian Shilling?
The Tanzanian Shilling (TZS) is the currency of Tanzania. Banknotes and coins are issued by the Bank of Tanzania (BoT). In practice, everyday prices are quoted in whole shillings.
How the USD↔TZS rate works
The exchange rate is the number of shillings you get for one US Dollar. It moves with the market and is quoted differently by each bank and forex bureau, so the rate you see online is indicative — your provider adds a small margin.
Where to exchange money
Banks, bureaux de change (forex bureaus) and mobile-money services all exchange dollars and shillings. For the best rate, compare a couple of providers before converting a large amount.
Frequently asked questions
What is the currency of Tanzania?
The Tanzanian Shilling (TZS). One shilling is divided into 100 senti, though prices are typically quoted in whole shillings.
How does the USD to TZS exchange rate work?
The rate is the number of Tanzanian Shillings you receive for one US Dollar. It floats with the market and changes daily.
Where can I exchange money in Tanzania?
Banks, bureaux de change (forex bureaus) and mobile-money services. Rates vary slightly between providers.
Is USD accepted in Tanzania?
US Dollars are accepted at some hotels and tourist businesses, but most everyday payments require Tanzanian Shillings.