Tanzanian shilling explained

See also: Shilingi (disambiguation).

Local Name1:Shilingi za Kitanzania
Local Name Lang1:sw
Image 1:1000 tz shillings front.jpg
Image Title 1: note
Image 2:Bank of Tanzania golden hour.jpg
Image Title 2:The Bank of Tanzania headquarters in Dar es Salaam
Iso Code:TZS
Inflation Rate:5.6%
Inflation Source Date:The World Factbook, 2015 est.
Subunit Name 1:cent
Used Coins:,,,
Used Banknotes:,,,,
Issuing Authority:Bank of Tanzania

The shilling (Swahili: shilingi; abbreviation: TSh; code: TZS) is the currency of Tanzania. It is subdivided into 100 cents (senti in Swahili).The Tanzanian shilling replaced the East African shilling on 14 June 1966 at par.[1]

Notation

Prices in the Tanzanian shilling are written in the form of, where x is the amount above 1 shilling, while y is the amount in cents. An equals sign or hyphen represents zero amount. For example, 50 cents is written as "" and 100 shillings as "" or "100/-". Sometimes the abbreviation TSh is prefixed for distinction. If the amount is written using words as well as numerals, only the prefix is used (e.g. TSh 10 million).

This pattern was modelled on sterling's pre-decimal notation, in which amounts were written in some combination of pounds (£), shillings (s), and pence (d, for denarius). In that notation, amounts under a pound were notated only in shillings and pence.

Coins

In 1966, coins were introduced in denominations of,, and and, with the struck in bronze, the in nickel-brass (copper-nickel-zinc) and the -/50 and 1/= in cupro-nickel. Cupro-nickel coins were introduced in 1972, followed by scalloped, nickel-brass in 1977. This First Series coins set, in circulation from 1966 up to 1984, was designed by Christopher Ironside OBE.[2]

In 1987, nickel-plated steel replaced cupro-nickel in the and, and cupro-nickel and coins were introduced, with the decagonal in shape. In 1990, nickel-clad-steel, and were introduced, followed by brass-plated steel coins for in 1993, in 1996 and copper-nickel-zinc in 1998.

Coins currently in circulation are the,,, and . The coin was issued on 8 September 2014.[3]

Tanzanian shilling coins
Image Value Composition Diameter Weight Thickness Edge Issued
bronze23.24 mm (dodecagonal)4.0 g1.33 mmSmooth1966-1984
nickel-brass25 mm (scalloped)5.03 g1.49 mmSmooth1977-1984

nickel-brass24 mm5 gSmooth1966-1984

copper-nickel21 mm 4 g1.6 mm Reeded1966-1984
nickel-plated steel21 mm 4 g1.8 mm Reeded1988-1990

copper-nickel27.7 mm 8 g1.62 mm Reeded1966-1984
nickel-plated steel23.5 mm 6.5 gReeded1987-1992

copper-nickel31.5 mm (decagonal)13.8 g2.2 mm Segmented; five smooth and reeded parts1972-1980
copper-nickel27.5 mm (decagonal)8.3 g2 mm Segmented; five smooth and reeded parts1987-1989
nickel-plated steel27.5 mm (decagonal)8.52 g2 mm Reeded1990-1993
copper-nickel29 mm 9.7 g2 mm Reeded1987-1989

nickel-plated steel29 mm 10 g2.25 mm Reeded1990-1993
nickel-plated steel32 mm (heptagonal)13 g2 mm Smooth1990-1992

brass-plated steel22 mm (heptagonal)7.91 g2.9 mm Smooth1996

brass-plated steel24.5 mm 9 g2.7 mm Reeded1993

copper-nickel-zinc26.8 mm 8 g2 mm Segmented; five smooth and reeded parts1998, 2008, 2014

nickel-plated steel27.5 mm 9.5 g2.4 mm Reeded2014

Banknotes

On 14 June 1966, the Benki Kuu Ya Tanzania (Bank of Tanzania) introduced notes for,, and . The note was replaced by a coin in 1972. notes were introduced in 1985, followed by in 1986, in 1989 and in 1990. The,, and notes were replaced by coins in 1987, 1990, 1996 and 1994, respectively. and notes were introduced in 1995, followed by 2,000/= in 2003. A new series of notes came out in 2011. These new notes include many security features that prevent counterfeiting.[4] [5]

Banknotes in circulation today are,,, and

Older Series
Image Value Dimensions Main Colour Description Date of issue
Obverse Reverse Obverse Reverse Watermark
-GreenJulius NyerereArusha Declaration MonumentGiraffe-
-Blue-violetJulius NyerereGeneral Tyre East Africa Plant
-RedJulius NyerereMaasai
1997 Series[6]
Image Value Dimensions Main Color Description Date of issue Watermark
Obverse Reverse
http://banknote.ws/COLLECTION/countries/AFR/TAN/TAN0030.htm500 /= (Shilingi Mia Tano)138 x 69 mmGreenTanzanian coat of arms
Giraffe; Zebra
Clove harvest; Uhuru Torch1997Giraffe
http://www.banknote.ws/COLLECTION/countries/AFR/TAN/TAN0031.htm1000 /= (Shillingi Elfu Moja)142 x 71 mmRedTanzanian coat of arms
Giraffe; African Elephant
Kiwira coal mine; Door of People's Bank of Zanzibar
http://www.banknote.ws/COLLECTION/countries/AFR/TAN/TAN0034.htm1000 /= (Shilingi Elfu Moja)142 x 71 mmRedTanzanian coat of arms
Julius Nyerere; African Elephant
Kiwira coal mine; Door of People's Bank of Zanzibar2000
http://www.banknote.ws/COLLECTION/countries/AFR/TAN/TAN0032.htm5000 /= (Shillingi Elfu Tano)145 x 73 mmPurpleTanzanian coat of arms
Giraffe; Rhino
Giraffes; Mt Kilimanjaro1997
http://banknote.ws/COLLECTION/countries/AFR/TAN/TAN0044.htm10,000 /= (Shilingi Elfu Kumi)149 x 75 mmIndigoTanzanian coat of arms
Giraffe; Lion
Bank of Tanzania
"House of Wonder" (Zanzibar)
2003 Series http://www.bot-tz.org/BankingOperations/Currency/currencyInCirculation.asp
Image Value Dimensions Main Colour Description Date of issue
Obverse Reverse Obverse Reverse Watermark
130 × 63 mmGreenAfrican BuffaloNkrumah Hall, University of Dar es SalaamGiraffe2003
135 × 66 mmBlueJulius NyerereStatehouse, Dar es Salaam
140 × 69 mmOrange-brownLion, Mount KilimanjaroOld Fort, Stone Town, Zanzibar
145 × 72 mmPurpleBlack RhinocerosGeita gold Mine and House of Wonders Zanzibar
150 × 75 mmRedElephant

Currently in Circulation

2011 Series[7]
Image Values Dimensions Main Colour Description Date of issue Date of first issue Watermark
ObverseReverseObverse Reverse
120 x 60 mmGreenTanzanian coat of arms
Sheikh Abeid Amani Karume
University of Dar es Salaam central hall building; graduating students wearing caps and gowns; Aesculap's rod20111 January 2010Julius Kambarage Nyerere with electrotype 500
125 x 65 mmBlueTanzanian coat of arms
President Julius Kambarage Nyerere; Bismarck Rock in Mwanza Harbor
Coffee plant; State House (Ikulu) building with flag in Dar es SalaamJulius Kambarage Nyerere with electrotype 1000
130 x 66 mmOrangeTanzanian coat of arms
Lion
Palm trees; old Omani Arab Fort (Ngome Kongwe) in Zanzibar's Stone Town; carved blockJulius Kambarage Nyerere with electrotype 2000
135 x 67 mmPurpleTanzanian coat of arms
plant; black rhinoceros
Cyanid Leaching plant of the gold mines of GeitaJulius Kambarage Nyerere with electrotype 5000
140 x 68 mmRedTanzanian coat of arms
Elephant
Flowers; Bank of Tanzania headquarters building in Dar es SalaamJulius Kambarage Nyerere with electrotype 10000

See also

References

NotesSources

External links

Notes and References

  1. Book: Linzmayer . Owen . The Banknote Book . Tanzania . www.BanknoteNews.com . 2012 . San Francisco, CA .
  2. Web site: Bank of Tanzania: Banking Operations - Currency Museum: Coins . bot-tz.org. 2015-09-03.
  3. Web site: Image: IMG-20140907-WA0006.jpg, (960 × 1280 px). bot.go.tz. 2015-09-03.
  4. http://banknotenews.com/files/5396d76d4ec01aed72fea11b03d38671-1377.php Tanzania new note family confirmed
  5. http://thecitizen.co.tz/magazines/-/6750-expect-nothing-but-the-best-money-printing-firm-tells-dar
  6. Web site: Bank of Tanzania Historical Notes. bot. Bank of Tanzania. 2015-07-05.
  7. Web site: Tanzania new note family confirmed | Africa | Banknote News. banknotenews.com. 2015-09-03.