Currency

In Tanzania, the unit of currency is the Tanzanian Shilling, which is divided into 100 Cents. Notes are issued in denominations of 500, 1000, 2000, 5000, and 10000 Shillings. Coins are issued in denominations of 50, 100 and 200 Shillings.

Banking

Banks are open from 9:00am to 3:00pm Monday to Friday. Many banks are equipped with 24 hour ATM machines. 

Credit cards and travellers checks are not widely accepted in Tanzania. Where they are accepted can high service fees and poor exchange rates be expected. Major foreign currencies - particularly US $ - are accepted in Tanzania and are convertible at banks and bureau de changes in the main towns and tourist areas. If bringing cash in US $, please make sure bank notes are in good condition, with no cuts or damage and are not older than 2004. Most banks offer higher exchange rates for US $ 100 / US $ 50 bank notes compared to US $ 20 / US $ 10 or US $ 5 bank notes.