Tanzania Currency: Everything You Need to Know About Money in Tanzania

Planning your Tanzanian adventure? Understanding Tanzania currency and how to handle money matters will help you avoid common traveler pitfalls and ensure a smooth trip. The Tanzanian Shilling (TZS) is the local currency, but there's more to know about managing your money in Tanzania than just the exchange rate.

Before you dive into money matters, check out our guide on the Best Time to Visit Tanzania to help plan your trip perfectly. And if you're ready to practice some local phrases, our guide on How to Say Hello in Swahili will help you connect with locals when making purchases.

Money Tips for Travelers to Tanzania

US dollars are widely accepted in Tanzania, especially for larger purchases and tourism activities. However, you'll want Tanzania currency Shillings for daily expenses, local markets, and smaller shops. When bringing US dollars, make sure they're crisp, new bills printed after 2009 – many vendors won't accept older or damaged notes.

Ready to plan your adventure? Check out our Tanzania Safari Page for incredible experiences across the country.

Exchange money at official bureaus or banks rather than on the street, even if someone offers you a better rate. Current exchange rates fluctuate, but it's wise to check official rates before your trip. Keep smaller bills handy – breaking large notes can be challenging in local markets.

ATM and Credit Cards in Tanzania

ATMs are readily available in All in Tanzania cities like Dar es Salaam, Arusha, Moshi etc but don't count on finding them in rural areas or smaller towns. Major banks like CRDB, NMB, NBC and Standard Chartered typically offer the most reliable ATM services. Withdraw larger amounts to minimize transaction fees, but be mindful of daily withdrawal limits.

Credit cards are accepted at higher-end hotels, restaurants, and safari lodges, with Visa being the most widely accepted, followed by Mastercard. However, many places add a 3-5% surcharge for card payments. Always carry cash as a backup – you'll need it for local markets, transportation, and smaller establishments.

Remember to notify your bank about your travel dates to prevent your cards from being blocked. Also, keep your bank's international contact number handy in case of any issues.

Money in Zanzibar

While Zanzibar is part of Tanzania, the island has its own quirks when it comes to money matters. Tourist areas readily accept US dollars, but you'll still need Tanzania currency Shillings for local markets and transportation. ATMs are available in Stone Town and major beach areas, but they can sometimes run out of cash, especially during peak tourist season.

Stone Town has several forex bureaus offering competitive rates. Many high-end hotels and restaurants in Zanzibar quote prices in US dollars and accept credit cards, but always carry cash for local experiences like spice tours, street food, and market shopping.

Additional Money Tips for Tanzania Currency

Keep your money organized by having separate spots for dollars and shillings. This helps prevent confusion during transactions and makes it easier to track spending. When receiving change, count it carefully – mistakes happen, and they're easier to correct on the spot.

Bargaining is common in markets and with taxi drivers, but it's not appropriate in established businesses. Start at about half the asking price and negotiate respectfully. Remember, aggressive bargaining over small amounts can be counterproductive and disrespectful.

Tipping in Tanzania is appreciated but not always expected. In restaurants, 5-10% is standard if a service charge isn't included. For safari guides and mountain porters, consult your tour operator for appropriate tipping guidelines.

Safety Considerations

Keep your money secure by using a money belt or hidden pouch, especially in crowded areas. Don't flash large amounts of cash when paying, and be discreet when using ATMs. It's wise to spread your money across different locations – some in your daypack, some in your hotel safe, and some in a money belt.

Ready to plan your Tanzanian adventure? Let Makisala help you navigate the logistics of your trip, including advice on money matters. Our local experts can help you plan everything from safari experiences to beach getaways, ensuring you're well-prepared to handle finances throughout your journey. Contact us today through the form below or call us directly to start planning your Tanzania experience with confidence.