Convert Norwegian Krone to Tanzanian Shilling
Please provide values below to convert Norwegian Krone [NOK] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Norwegian Krone.
How to Convert Norwegian Krone to Tanzanian Shilling
1 NOK = 0.00393436698627287 TZS
Example: convert 15 NOK to TZS:
15 NOK = 15 × 0.00393436698627287 TZS = 0.059015504794093 TZS
Norwegian Krone to Tanzanian Shilling Conversion Table
| Norwegian Krone | Tanzanian Shilling |
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Norwegian Krone
The Norwegian Krone (NOK) is the official currency of Norway, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Norwegian Krone was introduced in 1875, replacing the Norwegian Speciedaler, and has undergone various reforms, including decimalization in 1875 and decimal standardization in 1963. It has been Norway's official currency since then.
Current Use
The NOK is actively used in Norway for all financial transactions, including banking, commerce, and international trade. It is also traded on the foreign exchange market and is considered a stable currency within the region.
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.