Tanzanian Shilling (Noun)
Meaning
The basic unit of money in Tanzania; equal to 100 cents.
Classification
Nouns denoting quantities and units of measure.
Examples
- The Tanzanian shilling is the primary currency used for all financial transactions within the country's borders.
- Tourists can exchange their US dollars for Tanzanian shillings at various currency exchange offices in Dar es Salaam.
- Prices for goods and services at local markets are typically quoted in Tanzanian shillings rather than foreign currencies.
- Despite inflation, the Tanzanian shilling has remained the standard unit of currency for everyday commerce.
- To facilitate trade, some businesses near the Kenyan border also accept Kenyan shillings, but the Tanzanian shilling is still the most widely used currency.