Convert Saudi Riyal to Tanzanian Shilling
Please provide values below to convert Saudi Riyal [SAR] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Saudi Riyal.
How to Convert Saudi Riyal to Tanzanian Shilling
1 SAR = 0.00145907515956835 TZS
Example: convert 15 SAR to TZS:
15 SAR = 15 × 0.00145907515956835 TZS = 0.0218861273935253 TZS
Saudi Riyal to Tanzanian Shilling Conversion Table
| Saudi Riyal | Tanzanian Shilling |
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Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.
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.