Convert Tanzanian Shilling to Lebanese Pound
Please provide values below to convert Tanzanian Shilling [TZS] to Lebanese Pound [LBP], or Convert Lebanese Pound to Tanzanian Shilling.
How to Convert Tanzanian Shilling to Lebanese Pound
1 TZS = 0.0287164379888268 LBP
Example: convert 15 TZS to LBP:
15 TZS = 15 × 0.0287164379888268 LBP = 0.430746569832402 LBP
Tanzanian Shilling to Lebanese Pound Conversion Table
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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.
Lebanese Pound
The Lebanese Pound (LBP) is the official currency of Lebanon, used for everyday transactions and financial exchanges within the country.
History/Origin
The Lebanese Pound was introduced in 1939, replacing the Lebanese lira, and has undergone various devaluations and reforms due to economic challenges and political instability over the decades.
Current Use
Today, the Lebanese Pound remains the official currency of Lebanon, but due to economic crises, the country also extensively uses the US dollar for transactions and savings.