Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's TZS to IQD (Tanzanian Shilling to Iraqi Dinar) exchange rates

Tanzania
Iraq
TZS

Interbank Exchange Rate: 1 TZS = 0.5058 IQD
Updated about an hour ago

Found 0 Remittance Service Providers

All you need to know about Tanzanian Shilling to Iraqi Dinar money transfers

Easily compare money transfer providers in one place to send money from Tanzania to Iraq. Send money overseas to your loved ones by comparing Tanzanian Shilling (TZS) to Iraqi Dinar (IQD) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Tanzania.

Were you looking to send money from Iraq to Tanzania instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest TZS to IQD Conversion Rates

Here are some latest TZS to IQD (Tanzanian Shilling to Iraqi Dinar) exchange rates for popular conversion amounts*.

1 TZS0.51 IQD
5 TZS2.53 IQD
10 TZS5.06 IQD
25 TZS12.65 IQD
50 TZS25.29 IQD
100 TZS50.58 IQD
150 TZS75.87 IQD
200 TZS101.16 IQD
250 TZS126.45 IQD
300 TZS151.74 IQD
400 TZS202.32 IQD
500 TZS252.90 IQD
600 TZS303.48 IQD
700 TZS354.06 IQD
800 TZS404.64 IQD
1,000 TZS505.80 IQD
1,500 TZS758.70 IQD
2,000 TZS1,011.60 IQD
2,500 TZS1,264.50 IQD
3,000 TZS1,517.40 IQD
4,000 TZS2,023.20 IQD
5,000 TZS2,529.00 IQD
10,000 TZS5,058.00 IQD
15,000 TZS7,587.00 IQD
20,000 TZS10,116.00 IQD
30,000 TZS15,174.00 IQD
40,000 TZS20,232.00 IQD
50,000 TZS25,290.00 IQD
100,000 TZS50,580.00 IQD

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to transfer money from Tanzania to Iraq?

Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from Tanzania to Iraq. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Tanzanian Shilling to IQD.

You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send TZS to IQD in Iraq. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.

With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to Iraq from Tanzania. We provide you with maximum choices to send money to Iraq by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best exchange rate for your money transfers from Tanzania to Iraq?

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Tanzania to Iraq transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your TZS to Iraqi Dinar international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Tanzanian Shilling to Iraqi Dinar exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


What's the cheapest way to transfer money from Tanzania to Iraq?

The final amount your recipient gets when you send TZS to IQD is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Tanzania to Iraq used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Iraqi Dinar is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Tanzanian Shilling to Iraq exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


Should I use my bank to send money from Tanzania to Iraq?

We do not recommend using your local bank in Tanzania for your next TZS to IQD overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Tanzania to Iraq (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending IQD to Iraq. These companies will let you use your local bank account in Tanzania to pay for your Iraq money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


What is the fastest way to do a money transfer to Iraq from Tanzania?

It could be a stressful experience if you need to rush money quickly from Tanzania to Iraq. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert TZS to IQD. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Iraqi Dinar. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Tanzania to Iraq money transfers.


Which are the best money transfer companies to send money from Tanzania to Iraq?

Since the Tanzanian Shilling to Iraqi Dinar money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Tanzania that may also be able to send money to Iraq. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your TZS to IQD money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Iraq gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Tanzania to Iraq transaction.


Step by step guide to send money to Iraq from Tanzania

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Tanzania to Iraq, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Tanzania to Iraq that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

  • Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
  • Provide information about the receiver - name, address and a bank account in Iraq where they can receive monies in Iraqi Dinar.
  • Then, provide details of your Tanzania bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
  • Finally, select the amount you want to transfer, and click Send.
  • The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your TZS travel to another part of the globe.