Convert Nigerian Naira to Tanzanian Shilling
Please provide values below to convert Nigerian Naira [NGN] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Nigerian Naira.
How to Convert Nigerian Naira to Tanzanian Shilling
1 NGN = 0.595576154151796 TZS
Example: convert 15 NGN to TZS:
15 NGN = 15 × 0.595576154151796 TZS = 8.93364231227695 TZS
Nigerian Naira to Tanzanian Shilling Conversion Table
| Nigerian Naira | Tanzanian Shilling |
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Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.
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.