Convert Israeli New Sheqel to Tanzanian Shilling
Please provide values below to convert Israeli New Sheqel [ILS] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Tanzanian Shilling
1 ILS = 0.00130149504233497 TZS
Example: convert 15 ILS to TZS:
15 ILS = 15 × 0.00130149504233497 TZS = 0.0195224256350245 TZS
Israeli New Sheqel to Tanzanian Shilling Conversion Table
| Israeli New Sheqel | Tanzanian Shilling |
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Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.
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.