Convert Saint Helena Pound to Tanzanian Shilling
Please provide values below to convert Saint Helena Pound [SHP] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Saint Helena Pound.
How to Convert Saint Helena Pound to Tanzanian Shilling
1 SHP = 0.000288040890834253 TZS
Example: convert 15 SHP to TZS:
15 SHP = 15 × 0.000288040890834253 TZS = 0.0043206133625138 TZS
Saint Helena Pound to Tanzanian Shilling Conversion Table
| Saint Helena Pound | Tanzanian Shilling |
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Saint Helena Pound
The Saint Helena Pound (SHP) is the official currency of Saint Helena, a British Overseas Territory, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1961, replacing the Saint Helena Pound's predecessor, it has maintained a fixed exchange rate with the British Pound, reflecting the territory's historical and economic ties to the UK.
Current Use
The SHP is used for all local transactions on Saint Helena and is interchangeable with the British Pound Sterling, which is also accepted on the island.
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.