Tanzania Currency

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Tanzania Currency

Useful and important information when travelling to Tanzania

What is Tanzania's Currency called?

Tanzania's currency is called Shillings or shilingi in Swahili. Bank notes are in denominations of 500, 1000, 2000, 5000 and 10000 Shillings. Coins are provided in denominations of 50, 100, 200 and 500 Shillings.

Tanzanian Shilling Currency Code: TZS

"TSh" - This is the symbol you'll see alongside (some) prices / rates

Can you pay or use US Dollar (USD) in Tanzania?

Yes, the US Dollar (USD) is widely accepted by many local businesses and Accommodation Lodges in Tanzania however it's also wise to carry a sufficient amount of local Shillings for those smaller businesses who prefer or deal only with their local currency.

You will notice that most Accommodation Lodges in Tanzania quote their rates in the US Dollar currency (USD)

Currency Conversion Services:

Travellers to Tanzania can quite easily convert the South African Rand, US dollar, British Pound and Euro currencies into Shillings at bureaux de change and banks in main towns & cities. Some hotels are authorised to offer currency conversion services but be sure to confirm this service with the hotel prior.

Credit Cards & ATMS:

Major credit cards including MasterCard and foreign Visa cards are accepted by most upmarket hotels, restaurants, retail outlets & tour operators, and can be used to draw money out of ATMs throughout Tanzania's larger towns & cities. If you are travelling to a rural or remote location in Tanzania then keep in mind that some shops and fuel stations can only accept cash, and may not have any ATMS to draw money out of - therefore cash in hand is very important. Note: Diners or American Express credit cards aren't accepted by most businesses in Tanzania.

Commercial Banks:

  • AccessBank Tanzania
  • Letshego Bank Tanzania
  • Akiba Commercial Bank
  • Amana Bank
  • Azania Bank
  • BancABC
  • Bank M
  • Bank of Africa Tanzania
  • Bank of Baroda Tanzania Limited
  • Bank of India (Tanzania)
  • Barclays Bank of Tanzania
  • Citibank
  • Commercial Bank of Africa (Tanzania)
  • CRDB Bank
  • DCB Commercial Bank
  • Diamond Trust Bank Tanzania
  • Ecobank
  • Equity Bank (Tanzania)
  • Exim Bank (Tanzania)
  • FINCA Microfinance Bank (Tanzania)
  • First National Bank of Tanzania
  • FBME Bank
  • Guaranty Trust Bank (Tanzania) Limited
  • Habib African Bank
  • I&M Bank (Tanzania)
  • International Commercial Bank
  • Kenya Commercial Bank
  • Mkombozi Commercial Bank
  • National Bank of Commerce (Tanzania)
  • National Microfinance Bank
  • NIC Bank Tanzania
  • People's Bank of Zanzibar
  • Stanbic Bank Tanzania Limited
  • Standard Chartered Bank
  • United Bank for Africa
  • UBL Bank Tanzania Limited
  • Mwalimu Commercial Bank
  • TPB Bank Plc
  • TIB Corporate Bank
  • First Housing Company Tanzania Limited

Banking Hours:

This may vary depending on the bank but operating hours are generally from:

08:30am → 3:30pm from Monday - Friday
08:30am → 1:00pm on Saturdays
*Some Bureaux de change in Zanzibar are open on Sundays.

Money Saving Tip:

Most hotels, lodges and tour operators in Tanzania quote in US dollars but also keep an eye out for related services quoting in Shilling because you might find yourself saving a lot of money paying in Tanzania's local currency as opposed to the monetary exchange rate loss from TZS-USD conversions.

Cash in Hand:

When travelling to Tanzania via vehicle, make sure you carry a sufficient amount of cash in Tanzania's local currency for border fees because not all border posts accept credit cards nor have the facilities to do an electronic transaction as such. Most border posts accept currencies from the country you're entering from however kindly contact the border authorities directly to confirm.

Tanzania Exchange Rate Calculator:

Terms & Conditions:

TanzaniaAccommodation.co.za cannot be held liable for any change in exchange rates and information above.

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