Convert Bosnia-Herzegovina Convertible Mark to Tanzanian Shilling
Please provide values below to convert Bosnia-Herzegovina Convertible Mark [BAM] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Bosnia-Herzegovina Convertible Mark.
How to Convert Bosnia-Herzegovina Convertible Mark to Tanzanian Shilling
1 BAM = 0.000648646452937706 TZS
Example: convert 15 BAM to TZS:
15 BAM = 15 × 0.000648646452937706 TZS = 0.00972969679406559 TZS
Bosnia-Herzegovina Convertible Mark to Tanzanian Shilling Conversion Table
| Bosnia-Herzegovina Convertible Mark | Tanzanian Shilling |
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Bosnia-Herzegovina Convertible Mark
The Bosnia-Herzegovina Convertible Mark (BAM) is the official currency of Bosnia and Herzegovina, used for everyday transactions and financial exchanges within the country.
History/Origin
Introduced in 1998, the BAM replaced the Bosnia and Herzegovina dinar following the country's monetary reform and stabilization efforts after the Bosnian War. It is pegged to the Euro at a fixed rate, ensuring stability.
Current Use
The BAM is widely used throughout Bosnia and Herzegovina for all forms of payment, including cash, banking, and electronic transactions. It remains the country's official currency and is managed by the Central Bank of Bosnia and Herzegovina.
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.