Convert Macedonian Denar to Tanzanian Shilling
Please provide values below to convert Macedonian Denar [MKD] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Macedonian Denar.
How to Convert Macedonian Denar to Tanzanian Shilling
1 MKD = 0.0205615984180046 TZS
Example: convert 15 MKD to TZS:
15 MKD = 15 × 0.0205615984180046 TZS = 0.308423976270068 TZS
Macedonian Denar to Tanzanian Shilling Conversion Table
| Macedonian Denar | Tanzanian Shilling |
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Macedonian Denar
The Macedonian Denar (MKD) is the official currency of North Macedonia, used for all monetary transactions within the country.
History/Origin
The Denar was introduced in 1992 following the independence of North Macedonia, replacing the Yugoslav dinar. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Denar is actively used as the national currency for everyday transactions, banking, and trade in North Macedonia, with coins and banknotes issued by the National Bank of North Macedonia.
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.