Convert Tanzanian Shilling to Bhutanese Ngultrum
Please provide values below to convert Tanzanian Shilling [TZS] to Bhutanese Ngultrum [BTN], or Convert Bhutanese Ngultrum to Tanzanian Shilling.
How to Convert Tanzanian Shilling to Bhutanese Ngultrum
1 TZS = 29.7524550406038 BTN
Example: convert 15 TZS to BTN:
15 TZS = 15 × 29.7524550406038 BTN = 446.286825609057 BTN
Tanzanian Shilling to Bhutanese Ngultrum Conversion Table
| Tanzanian Shilling | Bhutanese Ngultrum |
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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.
Bhutanese Ngultrum
The Bhutanese Ngultrum (BTN) is the official currency of Bhutan, used for all monetary transactions within the country.
History/Origin
Introduced in 1974, the Ngultrum replaced the Indian Rupee as Bhutan's official currency, establishing a separate national currency to promote economic independence.
Current Use
The Ngultrum remains the official currency of Bhutan, widely used in everyday transactions, with coins and banknotes issued by the Royal Monetary Authority of Bhutan.