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tanzanian monetary unit

 

Definitions from WordNet

Noun tanzanian monetary unit has 1 sense
  1. Tanzanian monetary unit - monetary unit in Tanzania
    --1 is a kind of
    monetary unit
    --1 has particulars: Tanzanian shilling, shilling

Definitions from the Web

Tanzanian Monetary Unit

The 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 Usages

Sense 1: Currency

The 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 rates

The 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 stability

The 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."

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