Tanzania Currency Overview

The official currency of Tanzania is the Tanzanian Shilling, abbreviated as TZS. It is the primary medium of exchange throughout the country and is used for everyday transactions, including shopping, dining, transportation, and safari bookings. Understanding the basics of Tanzania’s currency will help travelers manage their finances smoothly during their visit.

The Tanzanian Shilling is issued in both coins and banknotes. Coins are available in denominations of 50, 100, 200, 500, and 1000 shillings, while banknotes come in 500, 1000, 2000, 5000, and 10,000 shillings. While larger denominations are useful for bigger purchases, smaller notes and coins are handy for tips, market purchases, and transportation fees.

For visitors, it’s important to note that while major hotels, lodges, and tourist services often accept credit cards or US dollars, local markets and smaller businesses usually prefer payment in Tanzanian Shillings. It’s advisable to carry some local currency for convenience, especially when visiting rural areas or smaller towns.

Currency exchange facilities are widely available in major cities like Dar es Salaam, Arusha, and Mwanza, as well as at international airports. Banks, official exchange bureaus, and some hotels offer currency exchange services. Travelers should always exchange money at reputable places to avoid counterfeit notes.

ATMs are accessible in larger towns and cities, dispensing Tanzanian Shillings. However, it’s best to withdraw cash during the day and inform your bank about your travel plans to avoid card issues.

The exchange rate of the Tanzanian Shilling fluctuates against major currencies like the US dollar and Euro. Monitoring current rates before traveling will help in budgeting expenses more effectively.

In summary, understanding Tanzania’s currency and managing cash wisely will enhance your travel experience, ensuring smooth transactions throughout your safari and holiday adventures.