Convert Kuwaiti Dinar to Tanzanian Shilling
Please provide values below to convert Kuwaiti Dinar [KWD] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Tanzanian Shilling
1 KWD = 0.000118827080995246 TZS
Example: convert 15 KWD to TZS:
15 KWD = 15 × 0.000118827080995246 TZS = 0.0017824062149287 TZS
Kuwaiti Dinar to Tanzanian Shilling Conversion Table
| Kuwaiti Dinar | Tanzanian Shilling |
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Kuwaiti Dinar
The Kuwaiti Dinar (KWD) is the official currency of Kuwait, used as the country's legal tender for all transactions.
History/Origin
The Kuwaiti Dinar was introduced in 1960, replacing the Gulf rupee at par. It was initially pegged to the British pound and later to the US dollar, maintaining a stable and strong currency due to Kuwait's oil wealth.
Current Use
Today, the Kuwaiti Dinar remains one of the highest-valued currencies globally, widely used within Kuwait for all financial transactions and recognized for its stability and strength in international markets.
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.