Convert Ethiopian Birr to Tanzanian Shilling
Please provide values below to convert Ethiopian Birr [ETB] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Ethiopian Birr.
How to Convert Ethiopian Birr to Tanzanian Shilling
1 ETB = 0.0531637185047927 TZS
Example: convert 15 ETB to TZS:
15 ETB = 15 × 0.0531637185047927 TZS = 0.79745577757189 TZS
Ethiopian Birr to Tanzanian Shilling Conversion Table
| Ethiopian Birr | Tanzanian Shilling |
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Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.
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.