Convert Tanzanian Shilling to Israeli New Sheqel
Please provide values below to convert Tanzanian Shilling [TZS] to Israeli New Sheqel [ILS], or Convert Israeli New Sheqel to Tanzanian Shilling.
How to Convert Tanzanian Shilling to Israeli New Sheqel
1 TZS = 768.347144992526 ILS
Example: convert 15 TZS to ILS:
15 TZS = 15 × 768.347144992526 ILS = 11525.2071748879 ILS
Tanzanian Shilling to Israeli New Sheqel Conversion Table
| Tanzanian Shilling | Israeli New Sheqel |
|---|
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.
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.