Convert Maldivian Rufiyaa to Tanzanian Shilling
Please provide values below to convert Maldivian Rufiyaa [MVR] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Maldivian Rufiyaa.
How to Convert Maldivian Rufiyaa to Tanzanian Shilling
1 MVR = 0.00600679843425283 TZS
Example: convert 15 MVR to TZS:
15 MVR = 15 × 0.00600679843425283 TZS = 0.0901019765137924 TZS
Maldivian Rufiyaa to Tanzanian Shilling Conversion Table
| Maldivian Rufiyaa | Tanzanian Shilling |
|---|
Maldivian Rufiyaa
The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, used for all monetary transactions within the country.
History/Origin
Introduced in 1981, the Maldivian Rufiyaa replaced the Maldivian Rupee at par, and has since been the nation's standard currency, with various banknotes and coins issued over the years.
Current Use
The MVR is widely used across the Maldives for daily transactions, tourism, and trade, and is managed by the Maldives Monetary Authority.
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.