Understanding how the Tanzanian shilling works, where to change it, when to use dollars and which payment systems are most popular allows you to face your stay in Tanzania with peace of mind, avoiding surprises and managing daily expenses in the best possible way. Whether you’re planning a Tanzania safari in the national parks, a cultural visit to the main cities, or a beach getaway in Zanzibar, being familiar with the local money will make every moment easier and smoother.
Introduction to the Tanzanian Shilling (TZS)
The official currency of Tanzania is the Tanzanian Shilling (TZS), which is used in both mainland Tanzania and Zanzibar, and regulated by the Central Bank of Tanzania. Introduced in 1966, the shilling replaced the East African shilling and has since become the go-to for all the population’s daily transactions.
This currency is a key player in the local economy, from small businesses in traditional markets to payments in hotels in major cities. Those who are not familiar can rely on a tour operator for safaris in Tanzania, in order to avoid unforeseen events, improve money management and have a clearer picture of the expenses that will be incurred during the experience in the country.
The value of the Tanzanian shilling against the euro
The exchange rate between the euro and the Tanzanian shilling is subject to constant variations, as is the case with all currencies of emerging countries. In general, 1 euro corresponds to several thousand shillings, but the precise value tends to fluctuate. It is therefore essential to check an up-to-date converter before departure, or ask your tour operator what the rate is charged locally.
To give a rough idea, here is a simple orientation conversion:
- 10 euros can be equivalent to several tens of thousands of TZS
- 50 euros is enough for several local meals
- 100 euros is a useful amount to cover small expenses and purchases in the markets
Banknotes and coins: how to recognize them
Tanzanian money is made up of banknotes and coins, although tourists mainly use banknotes on a daily basis. Popular denominations include 500, 1,000, 2,000, 5,000 and 10,000 shillings, each with different colours, images and sizes. The banknotes depict cultural elements of the country, such as the face of Julius Nyerere or iconic animals from the African fauna.
Coins in circulation are 50, 100, 200 and 500 shillings. To the unaccustomed eye they may seem very similar, so it is always advisable to check numbers and engravings carefully. Small denomination notes are most useful in markets, local cafes and for small tips, while larger denomination notes are mostly used in hotels or for larger payments.
Where and how to change euros in Tanzanian shillings
Those interested in the Tanzania currency will quickly discover that the exchange can be made in various places: airports, banks, official exchange offices and some hotels.
Airports certainly offer the advantage of convenience, but they often charge less convenient rates. Banks are more reliable and typically offer more balanced rates, while licensed bureaux de change are a good compromise between comfort and convenience. Hotels, on the other hand, tend to charge less favorable rates and should only be considered when necessary. Many travelers prefer to change a small amount upon arrival, and then make further changes in cities where conditions are better. Alternatively, you can withdraw directly from ATMs, although this also involves some attention.
The Use of US Dollars in Tanzania
In addition to the shilling, the US dollar is widely accepted, especially in the tourism sector. Hotels, park lodges, safari activities, and some agencies regularly use dollars as their reference currency. However, not all places accept them and in the most authentic or less touristy areas it is essential to pay in shillings.
It is important to carry dollars issued after 2009, as Tanzanian banks tend to reject older ones. The shilling remains the most convenient choice for small purchases, local food, tips, and negotiations in markets.
Withdrawing cash from ATMs in Tanzania
ATMs can be found in major cities such as Arusha, Dar es Salaam, Moshi and some tourist spots. The most trusted banks are CRDB, NMB, and Barclays. However, it is good to consider that in many remote areas and national parks there are no ATMs, which is why it is advisable to withdraw before leaving for a safari. Fees may vary depending on the issuing bank of your European card and the ATM used. Some ATMs have daily withdrawal limits, so it’s helpful to plan ahead for your cash needs.
Credit and debit card payments
Credit cards are accepted mainly in hotels, some restaurants and shops intended for tourists. Visa and Mastercard are the most popular circuits, while American Express can cause problems. In markets, small restaurants and local transport, cards are almost never accepted. Many businesses charge an additional fee for card payments, often between 3% and 5%. For this reason, it is advisable to always keep a certain amount of cash.
Mobile money and digital payments in Tanzania
In Tanzania , mobile money systems such as M-Pesa and Tigo Pesa are widely used by the population. For a tourist, however, access is limited because it requires a local SIM registered with Tanzanian documents. Some lodges can receive payments via mobile money, but in most cases the solution is not viable for those arriving from abroad.
Tips for managing money on a safari
On a safari, it’s helpful to carry enough cash to cover tips, small purchases, and unexpected expenses. In remote areas and parks, there are no banking services, so it is crucial to prepare beforehand. Money should be stored in internal pockets, secure bags or anti-theft cases, avoiding showing large sums.
Tipping in Tanzania: how much and how to give it
Tipping is an integral part of Tanzanian culture, especially in the tourism industry. For safari guides and drivers, it is customary to leave a daily amount, generally in dollars or shillings, while in restaurants and hotels small amounts are enough. It is preferable to use Tanzanian shillings for local staff, while dollars are often accepted by guides who work with tourists.
Safety precautions and tips
Before arriving in the country, it is important to check the necessary documents for Tanzania and find out about safety in Tanzania, especially to move without worries. As for money, it is always advisable to exchange currency only at authorized bodies, count the banknotes received and be careful of counterfeit banknotes. Storing money in multiple places in your bag or backpack reduces the risk of loss.
Those who are planning a trip to Tanzania or even a stop in Zanzibar will find in the careful use of the Tanzanian shilling an essential element to experience the country with authenticity, safety and awareness.
