Convert Tanzanian Shilling to Djiboutian Franc
Please provide values below to convert Tanzanian Shilling [TZS] to Djiboutian Franc [DJF], or Convert Djiboutian Franc to Tanzanian Shilling.
How to Convert Tanzanian Shilling to Djiboutian Franc
1 TZS = 14.4615504076614 DJF
Example: convert 15 TZS to DJF:
15 TZS = 15 × 14.4615504076614 DJF = 216.923256114922 DJF
Tanzanian Shilling to Djiboutian Franc Conversion Table
| Tanzanian Shilling | Djiboutian Franc |
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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.
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.