TZS to AZN

TZS - Tanzanian Shilling (TSh)
AZN - Azerbaijani Manat ()
1 TZS1 AZN

Currency conversion rates from TZS to AZN

TZSAZN
1 TZS1 AZN
5 TZS5 AZN
10 TZS10 AZN
20 TZS20 AZN
50 TZS50 AZN
100 TZS100 AZN
250 TZS250 AZN
500 TZS500 AZN
1000 TZS1000 AZN
2000 TZS2000 AZN
5000 TZS5000 AZN
10000 TZS10000 AZN
AZNTZS
1 AZN1 TZS
5 AZN5 TZS
10 AZN10 TZS
20 AZN20 TZS
50 AZN50 TZS
100 AZN100 TZS
250 AZN250 TZS
500 AZN500 TZS
1000 AZN1000 TZS
2000 AZN2000 TZS
5000 AZN5000 TZS
10000 AZN10000 TZS

AZN - Azerbaijani Manat (man.)

Azerbaijani Manat

The New Manat is the currency used in Azerbaijan. There were three Manat currencies issued. The 3rd issue replaced the previous Manat in 2006, with the the new Manat = 5 000 old Manat. There are similarities between the Euro and Manat banknotes; both were designed by Robert Kalina of Austria.

The Azerbaijani Manat is the currency in Azerbaijan (AZ, AZE). The Azerbaijani Manat is divided into 100 gopik. The exchange rate for the Azerbaijani Manat was last updated on May 24, 2019 from Yahoo Finance. The AZN conversion factor has 5 significant digits.

Economy

  • The main economic base of Azerbaijan is oil.
  • The Azerbaijan GDP grew by 41.7 in 2007 and was rated as the fastest-growing economy in the world.
  • Agriculture forms 6% of the economy, services 32 %, and industry the remainder.
  • The top industries are petroleum and petroleum products, cement, textiles, ore, iron, natural gas, cotton, and foodstuffs.
  • There is a restriction on non-citizens; they are not allowed to export the national currency outside of Azerbaijan.
  • The country has a low unemployment rate of 0.9%.
  • The main export is oil. Caspian oil is transported via pipeline to various Mediterranean countries.

History

  • The first Manat was issued 1919 and was in circulation until 1923. After Azerbaijan became part of the Soviet Socialist Republic, the Manat was known in Russia as the Ruble. Both languages were printed on the bank notes, as well as French. There were no coins or small denominations.
  • The Russian Ruble was replaced by the second Azerbaijan Manat in 1992.
  • The new Azerbaijan Manat introduced in 2006 is currently the national currency. Qəpik coins that went out of circulation between 1993 to 2006 were reintroduced.
  • At the end of 2006 the old Manat was taken out of circulation.

More information about AZN - Azerbaijani Manat (man.)


TZS - Tanzanian Shilling (tzs)

Tanzanian Shilling

The Shilling is the official currency of Tanzania, although the use of US Dollars is widely accepted. The Shilling is subdivided into 100 cents. The Tanzanian Shilling replaced the East African Shilling at par in 1966.

The Tanzanian Shilling is the currency in Tanzania (United Republic of Tanzania, TZ, TZA). The symbol for TZS can be written TSh. The Tanzanian Shilling is divided into 100 cents. The exchange rate for the Tanzanian Shilling was last updated on May 24, 2019 from Yahoo Finance. The TZS conversion factor has 5 significant digits.

Economy

  • Tanzania has embarked on a major restructuring of state-owned enterprises. The program has so far divested 335 out of some 425 parastatal entities.
  • Overall real economic growth has averaged about 4% a year, much better than in the previous 20 years, but not enough to improve the lives of average Tanzanians. The economy is heavily dependent on aid.
  • Tanzania has an external debt of $7.9 billion. The servicing of this debt absorbs about 40% of total government expenditures.
  • Tanzania has qualified for debt relief under the enhanced Heavily Indebted Poor Countries (HIPC) initiative. Debts worth over $6 billion were canceled following implementation of the Paris Club 7 Agreement.

History

  • In 1966, coins were introduced in denominations of 5, 20, and 50 cents and 1 shilling. The 5-cent coin was struck in bronze, the 20-cent in nickel-brass, and the 50-cent and 1 shilling in cupro-nickel.
  • Cupro-nickel 5-shilling coins were introduced in 1972, followed by scalloped, nickel-brass 10-cent coins in 1977. This First Series coins set, in circulation from 1966 to 1984, was designed by Christopher Ironside OBE.
  • In 1987, nickel-clad steel replaced cupro-nickel in the 50-cent and 1-shilling coins, and cupro-nickel 5- and 10-shilling coins were introduced; the 5-shilling was octagonal.
  • In 1990, nickel-clad-steel 5, 10, and 20 shilling coins were introduced, followed by brass 100-shilling coins in 1994, 50-shilling coins in 1996, and 200- shilling coins in 1998. The coins presently in circulation are the 50, 100, and 200 shillings.

More information about TZS - Tanzanian Shilling (tzs)