Tanzania - Money
Currency & Money
Tanzanian Shilling (TZS; symbol TSh, or informally /=). Banknotes are in denominations of TSh 10,000, 5,000, 2,000, and 1,000. Coins are in denominations of TSh 500, 200, and 100. TSh 50 is now rarely used. In Kiswahili, the currency is called shilingi, and prices are often written with the symbol "/=". For example, "100/=" is equivalent to TSh 100.
Credit cards are accepted in Tanzania, especially in major hotels, upscale restaurants, and tourist areas. However, their use is less common in smaller towns or local establishments, where cash is often preferred. Visa is the most widely accepted card, followed by MasterCard.
ATMs are widely available in cities and larger towns and accept major international cards. However, they often dispense larger denominations, typically TSh10,000 and TSh5,000 notes. While this is convenient for withdrawing larger amounts, it can be impractical for small purchases, as some vendors may struggle to provide change.
Import regulations:
Local currency (Tanzanian Shilling – TZS): Residents of Tanzania, Kenya, or Uganda may import TZS only up to the amount they previously exported. Non-residents cannot import Tanzanian Shillings.
Foreign currency: There are no restrictions on importing foreign currency. However, any amount exceeding USD 10,000 (or its equivalent) must be declared to customs upon arrival.
Export regulations:
Local currency (Tanzanian Shilling – TZS): Residents of Tanzania, Kenya, or Uganda may export up to TZS 1,000. Non-residents cannot export Tanzanian Shillings.
Foreign currency: There are no restrictions on exporting foreign currency. However, amounts exceeding USD 10,000 (or its equivalent) must be declared upon departure.
Currency exchange is available at banks, authorised forex bureaus, and major hotels. It is advisable to exchange money at official outlets rather than on the street. US dollars are widely accepted for larger transactions, particularly in the tourism sector, but notes must be kept relatively new and undamaged, as older series may be refused.
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