Tanzanian Monetary Unit (Noun)
Meaning
Monetary unit in Tanzania.
Classification
Nouns denoting quantities and units of measure.
Examples
- The official Tanzanian monetary unit is the Tanzanian shilling, which is subdivided into 100 cents.
- The Tanzanian monetary unit is widely accepted and used throughout the country for all financial transactions.
- Tourists visiting Tanzania are advised to exchange their foreign currency for the local Tanzanian monetary unit to avoid any inconvenience.
- In 1966, the Tanzanian shilling replaced the East African shilling as the country's official Tanzanian monetary unit.
- The Tanzanian monetary unit has undergone significant fluctuations in value due to economic changes and inflation over the years.