Convert Solomon Islands Dollar to Tanzanian Shilling
Please provide values below to convert Solomon Islands Dollar [SBD] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Solomon Islands Dollar.
How to Convert Solomon Islands Dollar to Tanzanian Shilling
1 SBD = 0.0032062690273128 TZS
Example: convert 15 SBD to TZS:
15 SBD = 15 × 0.0032062690273128 TZS = 0.048094035409692 TZS
Solomon Islands Dollar to Tanzanian Shilling Conversion Table
| Solomon Islands Dollar | Tanzanian Shilling |
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Solomon Islands Dollar
The Solomon Islands Dollar (SBD) is the official currency of the Solomon Islands, used for all monetary transactions within the country.
History/Origin
The Solomon Islands Dollar was introduced in 1977, replacing the Australian dollar at par, to establish a distinct national currency following independence from British rule.
Current Use
The SBD is widely used in the Solomon Islands for everyday transactions, banking, and trade, and is pegged to a basket of currencies to maintain stability.
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.