What Currency Is Used in Tanzania? A Complete Guide for Travelers
Tanzania, a land of breathtaking landscapes, rich culture, and diverse wildlife, is one of the most popular destinations in East Africa. Whether you’re heading to the majestic Serengeti, the tranquil beaches of Zanzibar, or the lush jungles of Ngorongoro, understanding the currency used in Tanzania is an essential part of planning your trip. It’s not just about exchanging moneyit’s about ensuring you have the right tools for a smooth and enjoyable experience in this extraordinary country.
The Tanzanian Shilling: Tanzania’s Official Currency
The official currency used in Tanzania is the Tanzanian Shilling, abbreviated as TZS. It has been the national currency since 1966 when it replaced the East African shilling. The Tanzanian shilling is further divided into 100 cents, but in practice, the cent is rarely used due to inflation.
While many visitors might not be familiar with the Tanzanian shilling at first, it’s a robust and practical currency for anyone traveling across Tanzania. The Tanzanian shilling is issued by the Bank of Tanzania, and you will find it in denominations of banknotes and coins. The banknotes come in values of 1,000 TZS, 2,000 TZS, 5,000 TZS, and 10,000 TZS, while coins include denominations of 50 TZS, 100 TZS, 200 TZS, and 500 TZS.
Exchange Rates and Conversion
The exchange rate between the Tanzanian shilling and other currencies fluctuates, so it’s important to keep an eye on it before you travel. Major foreign currencies like the US Dollar (USD), Euro (EUR), and British Pound (GBP) are widely accepted in tourist areas, but it’s generally recommended to convert your currency into Tanzanian shillings for better convenience and value.
As a rough guide, 1 USD might be worth around 2,300 TZS, but this can vary based on current exchange rates. To get the best deal, consider exchanging your money at banks, official exchange offices, or ATMs instead of in local markets, where the rates can be less favorable.
Using Foreign Currency in Tanzania
While Tanzanians primarily use the shilling, foreign currencies such as the US dollar are often accepted in major tourist spots, including hotels, safaris, and larger shops. However, using US dollars (or any other foreign currency) outside these tourist areas can be a challenge. In more rural parts of the country, local businesses might not accept foreign currencies, and you’ll need Tanzanian shillings for most transactions.
One essential note about using foreign currency is that bills in good condition-free from tears, stains, or marks-are preferred. Older US dollar bills or ones with any imperfections may not be accepted, so it’s wise to bring crisp, newer bills with you.
ATMs and Currency Withdrawals in Tanzania
ATMs are widely available in Tanzania’s larger cities and tourist hubs like Dar es Salaam, Arusha, and Zanzibar. These machines usually dispense Tanzanian shillings, and many accept international cards such as Visa, Mastercard, and Maestro. Be aware of ATM fees, which can vary depending on your bank and the local machine.
It’s important to withdraw cash from ATMs in well-populated areas for security reasons. Keep in mind that not all ATMs will accept foreign cards, so having a backup plan such as carrying some cash or using a credit card can be a good idea.
Currency Exchange in Tanzania
If you’re arriving in Tanzania and need to exchange your currency for Tanzanian shillings, it’s best to do so at official exchange points. Airports, banks, and authorized exchange bureaus typically offer competitive rates. Avoid exchanging currency on the street or with unlicensed vendors, as this can expose you to scams and poor exchange rates.
Before exchanging large sums, it’s a good idea to compare rates at different establishments. Don’t be afraid to ask for the exchange rate before committing to the transaction.
Credit and Debit Cards in Tanzania
Credit and debit cards are widely accepted at hotels, larger restaurants, and established businesses in major cities and tourist destinations. However, when visiting more remote areas or smaller businesses, cash will almost certainly be required.
Visa and Mastercard are the most commonly accepted cards, while American Express may not be as widely used. It’s important to notify your bank or card provider before traveling to ensure that your cards will work in Tanzania. Carrying a mix of payment methods, including cash, cards, and possibly a prepaid travel card, can help you navigate different payment scenarios.
Tipping Etiquette and Currency Considerations
When traveling in Tanzania, tipping is appreciated but not mandatory. It’s a common practice in the tourism industry to tip hotel staff, guides, drivers, and restaurant servers. However, tipping in Tanzanian shillings is customary. While US dollars are sometimes accepted for tips, offering shillings helps ensure that your tip is used without needing to exchange foreign currency.
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Hotel Staff: 5,000 TZS to 10,000 TZS per night, depending on the level of service.
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Guides and Drivers: 10,000 TZS to 20,000 TZS per day, per person, depending on the length and quality of the service.
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Restaurant Servers: A tip of 10% to 15% is standard for good service, though check if a service charge has already been added.
Managing Your Money While Traveling in Tanzania
Having a good strategy for managing your finances is essential during your time in Tanzania. Here are some practical tips:
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Carry Cash: While credit cards are accepted in some areas, smaller establishments and rural locations may only accept cash.
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Withdraw Cash in Bulk: Since ATMs may not be readily available in remote areas, it’s a good idea to withdraw enough Tanzanian shillings for a few days’ worth of spending when in larger towns.
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Secure Your Funds: Always store your cash and cards safely. Use hotel safes when possible, and be mindful of your surroundings in crowded areas or on public transportation.
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Budget for Unexpected Costs: Always have a buffer in your budget, as unforeseen costs such as extra tips, souvenirs, or spontaneous activities can arise.
Conclusion: A Smooth Journey Awaits
Understanding the currency used in Tanzania, the Tanzanian shilling, and knowing how to manage your money efficiently, is key to making your travel experience more enjoyable. Tanzania is a land of discovery and adventure, and having the financial tools in place will allow you to focus on immersing yourself in the stunning wildlife, culture, and landscapes of this beautiful country. Whether you’re booking a safari, indulging in fresh seafood by the beach, or shopping for local crafts, being well-prepared with the right currency will help ensure your journey is seamless and stress-free.
Embrace the magic of Tanzania with the peace of mind that comes from knowing exactly how to handle your money and currency exchanges. By staying informed about the Tanzanian shilling and how best to manage it, you’ll set the stage for an unforgettable travel experience.
Top Things to Do in Zanzibar
Zanzibar offers far more than white-sand beaches and turquoise waters – though those alone would be reason enough to visit. The island is a rich tapestry of Swahili culture, colonial history, spice plantations, and extraordinary marine life.
- Explore Stone Town: A UNESCO World Heritage Site, Stone Town is a labyrinth of narrow streets, carved wooden doors, bustling markets, and centuries-old Arab, Indian, and European architecture. Don’t miss the House of Wonders, the Old Fort, and the Darajani Market.
- Visit a spice farm: Zanzibar earned its name as the “Spice Island” for good reason. A guided spice farm tour introduces you to cloves, vanilla, cinnamon, cardamom, black pepper, and turmeric growing in their natural environment.
- Snorkel or dive: The waters around Zanzibar are home to colourful coral reefs, sea turtles, dolphins, whale sharks, and over 500 fish species. Mnemba Atoll is one of East Africa’s premier dive sites.
- Watch dolphins in Kizimkazi: The shallow, sheltered waters of Kizimkazi on the south coast are home to pods of bottlenose and spinner dolphins. Early morning boat trips offer a good chance of seeing them.
- Relax on Nungwi or Kendwa Beach: The north coast beaches at Nungwi and Kendwa have calm, clear water (unaffected by tides) and a lively beach bar atmosphere. Perfect for swimming, sunset drinks, and beach volleyball.
- Visit Prison Island: A short boat ride from Stone Town, Prison Island (Changuu Island) was once used to quarantine yellow fever patients. Today it is home to a colony of giant Aldabra tortoises, some over 100 years old.
Recommended Tours: 6 Days Tanzania Wildlife Safari | 5 Days Ngorongoro & Serengeti Safari
