TZS to EGP

TZS - Tanzanian Shilling (TSh)
EGP - Egyptian Pound (ج.م.‏)
1 TZS1 EGP

Currency conversion rates from TZS to EGP

TZSEGP
1 TZS1 EGP
5 TZS5 EGP
10 TZS10 EGP
20 TZS20 EGP
50 TZS50 EGP
100 TZS100 EGP
250 TZS250 EGP
500 TZS500 EGP
1000 TZS1000 EGP
2000 TZS2000 EGP
5000 TZS5000 EGP
10000 TZS10000 EGP
EGPTZS
1 EGP1 TZS
5 EGP5 TZS
10 EGP10 TZS
20 EGP20 TZS
50 EGP50 TZS
100 EGP100 TZS
250 EGP250 TZS
500 EGP500 TZS
1000 EGP1000 TZS
2000 EGP2000 TZS
5000 EGP5000 TZS
10000 EGP10000 TZS

EGP - Egyptian Pound ()

Egyptian Pound

The official currency of Egypt is the Egyptian Pound (EGP). The symbol used for the EGP is E£ or in Arabic ( ج.م). The Egyptian Pound is subdivided into smaller currency denomination known as qirsh or millimes. 1 EGP = 100 qirsh = 1000 millemes.

The Egyptian Pound is the currency in Egypt (EG, EGY). The symbol for EGP can be written E. The Egyptian Pound is divided into 100 piasters or 1000 milliemes. The exchange rate for the Egyptian Pound was last updated on May 24, 2019 from Yahoo Finance. The EGP conversion factor has 4 significant digits.

Economy

  • The Egyptian economy is becoming more market-orientated.
  • The main industries are metal, tourism, chemicals, textiles, pharmaceuticals, light manufacturers, food processing, hydrocarbons, construction, and cement.
  • Export products are petroleum and crude oil products, textiles, cotton, agricultural goods, metal products, and chemicals.
  • Import products are wood products, fuels, chemicals, equipment, machinery, and food stuffs.
  • Unemployment in the country is estimated at 9.7%.
  • The yearly GDP growth is rated at 2.6%.

History

  • The Egyptian Pound, also known as gineih, was replaced the Egyptian Piastre. The Piastre = 1/100 of a Pound. It was subdivided into 40 para.
  • In 1885, the para was taken out of circulation and the piastre was subdivided into tenths. In 1916 the tenths were renamed millimes.
  • Egypt used the gold standard from 1885 to 1914. 1 EGP = 7.4375 grams of gold. After the outbreak of World War I, Egypt moved to the British Pound and was part of the Sterling era until 1962. In the same year the EGP switched over to the US Dollar and was pegged at 1 EGP = 2.3 USD.
  • In 1973, the peg was changed to the British Pound again.
  • In 1989, the Pound floated; however, the Central Bank of Egypt tightly managed the control of foreign exchange.
  • In 2005, the 1 Pound and 50 pastrie coins were introduced.
  • In 2009, Egypt started phasing out 1 Pound and half-pound notes.

More information about EGP - Egyptian Pound ()


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)