Convert Chinese Yuan (Offshore) to Tanzanian Shilling
Please provide values below to convert Chinese Yuan (Offshore) [CNH] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Chinese Yuan (Offshore).
How to Convert Chinese Yuan (Offshore) to Tanzanian Shilling
1 CNH = 0.00279034272780599 TZS
Example: convert 15 CNH to TZS:
15 CNH = 15 × 0.00279034272780599 TZS = 0.0418551409170898 TZS
Chinese Yuan (Offshore) to Tanzanian Shilling Conversion Table
| Chinese Yuan (Offshore) | Tanzanian Shilling |
|---|
Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.
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.