Convert Brunei Dollar to Tanzanian Shilling
Please provide values below to convert Brunei Dollar [BND] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Brunei Dollar.
How to Convert Brunei Dollar to Tanzanian Shilling
1 BND = 0.000497875353115643 TZS
Example: convert 15 BND to TZS:
15 BND = 15 × 0.000497875353115643 TZS = 0.00746813029673465 TZS
Brunei Dollar to Tanzanian Shilling Conversion Table
| Brunei Dollar | Tanzanian Shilling |
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Brunei Dollar
The Brunei Dollar (BND) is the official currency of Brunei, used for all monetary transactions within the country.
History/Origin
Introduced in 1967, the Brunei Dollar replaced the Malayan dollar and has been pegged to the Singapore Dollar since 1967, maintaining a fixed exchange rate.
Current Use
The Brunei Dollar is widely used in Brunei for everyday transactions, banking, and trade, and is also accepted in some neighboring regions due to its peg to the Singapore Dollar.
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.