The Tanzanian shilling is the official currency of Tanzania. It is issued and controlled by the Bank of Tanzania. The symbol for the Tanzanian shilling is "TSh" and it is abbreviated as "TZS" in foreign exchange markets. The shilling is divided into 100 cents.The Tanzanian shilling is not widely traded internationally and its exchange rate is determined by supply and demand in the foreign exchange market. As of 2021, the Tanzanian shilling is considered a "freely floating" currency, meaning that its exchange rate is determined by market forces rather than being pegged to the value of another currency.The value of the Tanzanian shilling can be affected by various factors such as economic conditions in Tanzania, political developments in the country, and relations with other countries. The country's economy is heavily dependent on agriculture, mining and tourism, which can affect the shilling value. Additionally, economic sanctions and political instability in neighbouring countries can also affect the value of the Tanzanian shilling.