The Tanzanian shilling (TZS) is the official currency of the United Republic of Tanzania. It is subdivided into 100 cents and is issued by the Bank of Tanzania. The currency symbol is "TSh," and it is used for all transactions within the country, including trade and services. The Tanzanian shilling has undergone various changes since its introduction in 1966, replacing the East African shilling. Its value can fluctuate based on economic conditions, inflation, and foreign exchange rates. The currency plays a crucial role in the daily lives of Tanzanians, impacting everything from shopping to savings.