Currency & Money Exchange

Zanzibar Currency & Money Exchange – Essential Guide for Travelers

Traveling to Zanzibar requires understanding the local currency and the best ways to manage money during your stay. Here is your complete guide to currency, exchanging money, using ATMs, and payment options on this beautiful island.

Local Currency – Tanzanian Shilling (TZS)

The official currency in Zanzibar is the Tanzanian Shilling (TZS), abbreviated as TSh. It is advisable to have some local currency on hand for smaller purchases, local markets, taxis, and tipping.

Currency Exchange

Exchanging currency is straightforward in Zanzibar. Consider these options:

  • Exchange Bureaus: Numerous currency exchange offices are available in Stone Town, at the airport, and in major tourist areas. They typically offer competitive rates compared to hotels.
  • Hotels and Resorts: Convenient for exchanging small amounts of money but usually offer less favorable rates.
  • Banks: Local banks also offer currency exchange services, often providing good exchange rates.

ATMs and Withdrawals

ATMs are widely accessible, especially in Stone Town and major tourist areas such as Nungwi and Paje:

  • Visa and Mastercard: Most ATMs accept major international credit and debit cards.
  • Withdrawal Limits: Daily withdrawal limits typically range from TSh 400,000 to TSh 1,000,000.
  • Fees: ATMs usually charge a transaction fee; check your bank’s international withdrawal charges beforehand.
ATMs and Withdrawals

Credit and Debit Cards

Credit and debit cards are widely accepted at:

  • Hotels and Resorts: Most mid-range and luxury hotels accept credit cards.
  • Restaurants and Shops: Larger and more tourist-focused establishments often accept cards, though smaller vendors and markets prefer cash.

Payment Tips for Travelers

To ensure smooth transactions in Zanzibar:

  • Carry Small Denominations: Keep smaller denomination bills handy, as many local businesses may struggle to provide change for large notes.
  • Cash vs. Card: Always carry some cash, especially when visiting markets, villages, or remote areas where card payment facilities are scarce.

Safety and Practical Advice

  • Secure Transactions: Exchange money at reputable bureaus and banks to avoid counterfeit currency.
  • Protect your PIN: Use ATMs in secure, well-lit locations, and shield your PIN during transactions.

By understanding Zanzibar’s currency and money management tips, you can fully enjoy your visit without financial inconveniences, allowing more time to relax and explore this tropical paradise.