Tanzanian Shilling
Networks
Supported exchanges
About the coin
The Tanzanian Shilling (TZS) is the official currency of Tanzania. It is a fiat currency, meaning its value is not backed by a physical commodity but by the government that issued it.
The TZS operates on the FIAT chain, signifying its nature as a traditional, government-issued currency. Unlike cryptocurrencies that often exist on various blockchain networks, the TZS is integrated within the established financial infrastructure.
The symbol for the Tanzanian Shilling is TZS. This symbol is used to represent the currency in financial transactions and listings.
The TZS is an active currency, indicating that it is currently in circulation and used for economic activities within Tanzania. Its status as 'active' confirms its ongoing relevance in the country's monetary system.
As a fiat currency, the Tanzanian Shilling's value is determined by market forces, government policies, and the overall economic health of Tanzania. Its value can fluctuate relative to other currencies.
The chains information for TZS specifies 'FIAT' as its native chain type. This reinforces its identity as a non-cryptographic, state-controlled medium of exchange.
The 'decimals' value of 8 suggests a fine subdivision of the Shilling, allowing for transactions involving very small amounts. This is a common characteristic of many national currencies.
Notably, the Tanzanian Shilling does not have a 'token_standard' or a 'contract_address' associated with it. This is because it is not a digital token on a blockchain but a physical and digital representation of fiat money managed by the central bank.
The TZS plays a crucial role in the Tanzanian economy, facilitating trade, investment, and daily transactions for its citizens.
Understanding the TZS is important for anyone dealing with financial matters in Tanzania, whether for personal or business purposes.
Its 'is_stablecoin' status is false, which is expected for a national currency like the Tanzanian Shilling, as stablecoins are designed to maintain a stable value relative to another asset, typically a fiat currency.
The economic stability and monetary policy of Tanzania directly influence the purchasing power and exchange rate of the TZS.
While TZS is not a cryptocurrency, its inclusion in certain financial aggregators or platforms might be for informational purposes, allowing users to track its value or compare it with digital assets.
The official issuer of the Tanzanian Shilling is the Bank of Tanzania, which is responsible for managing the country's monetary policy and currency supply.
Trust & methodology
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Data source: Price and volume snapshots are maintained from the current Gygaz market dataset for this asset.
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