Convert Swiss Franc to Tanzanian Shilling
Please provide values below to convert Swiss Franc [CHF] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Swiss Franc.
How to Convert Swiss Franc to Tanzanian Shilling
1 CHF = 0.000309285025157568 TZS
Example: convert 15 CHF to TZS:
15 CHF = 15 × 0.000309285025157568 TZS = 0.00463927537736353 TZS
Swiss Franc to Tanzanian Shilling Conversion Table
| Swiss Franc | Tanzanian Shilling |
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Swiss Franc
The Swiss Franc (CHF) is the official currency of Switzerland and Liechtenstein, used as a standard monetary unit for transactions and financial purposes.
History/Origin
The Swiss Franc was introduced in 1850, replacing various local currencies, and has since become a stable and widely recognized currency, with its value historically linked to gold until the abandonment of the gold standard in the 20th century.
Current Use
Today, the Swiss Franc is used primarily in Switzerland and Liechtenstein for everyday transactions, banking, and international trade, and is considered a major reserve currency globally.
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.