Tanzania Shilling (TZS)
19 hours agoThe Tanzania Shilling (TZS) serves as the official currency of Tanzania. The currency code for the Tanzania Shilling is TZS, and the commonly used symbol is “TSh” or “x/y.” The Bank of Tanzania oversees the issuance and management of the country's money supply, in addition to establishing and executing monetary policy.
The Tanzania Shilling was introduced in 1966, replacing the East African Shilling after the nation gained independence in 1961 and the establishment of the United Republic of Tanzania in 1964. The East African Shilling was utilized in the region during British colonial rule and served as a shared currency for Kenya, Uganda, and Tanzania (formerly Tanganyika).
The Tanzania Shilling is divided into 100 smaller units known as cents, although cents are no longer in circulation due to their minimal value. Coins are available in denominations of 50, 100, 200, and 500 Shillings, while banknotes come in denominations of 500, 1,000, 2,000, 5,000, and 10,000 Shillings. The designs featured on Tanzania Shilling coins and banknotes often showcase historical figures, cultural symbols, and national landmarks, highlighting the country’s history and heritage.
Tanzania’s economy is varied, with agriculture, mining, tourism, and services playing significant roles in the nation’s GDP. The country is recognized for its production of cash crops such as coffee, tea, cotton, and cashew nuts, along with its mineral resources, including gold, diamonds, and tanzanite. The exchange rate of the Tanzania Shilling may experience fluctuations due to external influences, such as shifts in global commodity prices, regional economic trends, and the performance of major international currencies.
The Tanzania Shilling is the official currency of Tanzania, managed by the Bank of Tanzania. Established in 1966 to replace the East African Shilling, this currency has contributed to the stability of the national economy. The Shilling is divided into 100 cents, although cents are no longer in use. Various denominations of coins and banknotes are issued, with designs that reflect the country’s history and heritage. The exchange rate of the Tanzania Shilling can be affected by external factors and the overall performance of the national economy.
Recommendation
Taiwan New Dollar (TWD)
The Taiwan New Dollar (TWD) serves as the official currency of Taiwan. The currency code for the Taiwan New Dollar is TWD, and it is commonly represented by the symbol “NT$” or “元“.
Tajikistan Somoni (TJS)
The Tajikistan Somoni (TJS) serves as the official currency of Tajikistan. The currency code for the Somoni is TJS, and it is commonly represented by the symbol “ЅМ” or “сомонӣ.” The National Bank of Tajikistan oversees the issuance and management of the country's money supply, along with the establishment and execution of monetary policy.
Take Profit (TP)
Take Profit orders are crucial instruments for traders aiming to secure their profits at a set price point. By placing a Take Profit order, traders can guarantee that their positions are closed at a beneficial price, minimizing the risk of losing profits due to market volatility.
Tankan Survey
The Tankan Survey is a detailed and significant economic report released by the Bank of Japan (BOJ) that offers important insights into the nation's economic state. This survey is closely monitored by policymakers and analysts as it provides a snapshot of Japan's business sentiment and acts as a leading indicator of the country's economic performance. It is regarded as a major market influencer for JPY currency pairs.
Tariff
A tariff is a tax levied by a government on goods and services brought in from other nations. Tariffs have several functions, such as generating government revenue, shielding domestic industries from foreign competition, and shaping trade policies. In addition to being a revenue source for the government, tariffs can regulate foreign trade and impose taxes on foreign products to promote or protect domestic industries. Tariffs are among the most commonly used tools of protectionism, alongside import quotas, export quotas, and other non-tariff trade barriers. The term "tariff" comes from the French word tarif, meaning 'set price', which is derived from the Italian tariffa, meaning 'mandated price; schedule of taxes and customs'. Ultimately, this term traces back to the Arabic word taʿrīf, meaning 'notification'.
Tealbook
The Tealbook is a confidential report created by the staff of the Board of Governors of the Federal Reserve System before each meeting of the Federal Open Market Committee (FOMC). This report serves as an essential resource for FOMC members, providing thorough analyses, forecasts, and background information that aid in monetary policy decisions. The Tealbook merges two previously distinct documents, the Greenbook and the Bluebook, into a single report.