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WordNet-Online
Definitions from WordNet | ||||
Definitions from the WebTanzanian Monetary UnitThe Tanzanian Monetary Unit refers to the official currency used in Tanzania. The monetary unit of Tanzania is the Tanzanian Shilling (TZS), abbreviated as TSh, which is further divided into 100 cents. Senses and UsagesSense 1: CurrencyThe Tanzanian monetary unit, the Tanzanian Shilling (TZS), is widely used for conducting daily transactions and financial activities within Tanzania. It is the sole legal tender accepted for payment throughout the country. Sample sentence: "I exchanged my USD for Tanzanian Shillings at the currency exchange booth." Sense 2: Conversion ratesThe Tanzanian monetary unit is important when converting currencies. The exchange rate between the Tanzanian Shilling and other international currencies determines the value of goods and services when dealing with foreign entities. Sample sentence: "The fluctuating conversion rates of the Tanzanian shilling affect imports and exports." Sense 3: Financial stabilityThe Tanzanian monetary unit plays a crucial role in determining the financial stability of the country. The monetary policy and stability of the Tanzanian Shilling are monitored by the central bank to promote economic growth. Sample sentence: "The government's efforts to maintain a stable monetary unit contribute to Tanzania's economic development." Related Products on Amazon | ||||
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