Convert Cayman Islands Dollar to Tanzanian Shilling
Please provide values below to convert Cayman Islands Dollar [KYD] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Tanzanian Shilling
1 KYD = 0.000324225954791548 TZS
Example: convert 15 KYD to TZS:
15 KYD = 15 × 0.000324225954791548 TZS = 0.00486338932187323 TZS
Cayman Islands Dollar to Tanzanian Shilling Conversion Table
| Cayman Islands Dollar | Tanzanian Shilling |
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Cayman Islands Dollar
The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, used for all monetary transactions within the territory.
History/Origin
Introduced in 1972, the Cayman Islands Dollar replaced the Jamaican dollar at par, establishing a stable local currency for the financial sector and tourism industry.
Current Use
The KYD is widely used in the Cayman Islands for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate of 1 KYD = 1.20 USD.
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.