Convert Djiboutian Franc to Tanzanian Shilling
Please provide values below to convert Djiboutian Franc [DJF] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Djiboutian Franc.
How to Convert Djiboutian Franc to Tanzanian Shilling
1 DJF = 0.0691488790489725 TZS
Example: convert 15 DJF to TZS:
15 DJF = 15 × 0.0691488790489725 TZS = 1.03723318573459 TZS
Djiboutian Franc to Tanzanian Shilling Conversion Table
| Djiboutian Franc | Tanzanian Shilling |
|---|
Djiboutian Franc
The Djiboutian Franc (DJF) is the official currency of Djibouti, used for all monetary transactions within the country.
History/Origin
The Djiboutian Franc was introduced in 1949, replacing the French Franc at par, and has been the country's official currency since then, with its value maintained by the Central Bank of Djibouti.
Current Use
The DJF is widely used in Djibouti for everyday transactions, banking, and trade, and is pegged to the US dollar at a fixed rate to ensure 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.