Mozambican Metical · MZN

MT symbol · 1 country currently using this currency.

Currency info

Adopted: 1980

Currency family: Other

The name 'Metical' derives from the Arabic word 'mitqal,' a historical unit of weight and currency used in medieval trade across the Indian Ocean.

Introduced in 1980 following Mozambique's independence from Portugal in 1975
Replaced the Mozambican Escudo at a rate of 1 Metical = 65 Escudos
Redenominated in 2006 with new Metical (MZN) replacing old Metical (MZM) at 1:1000
Managed by the Bank of Mozambique since its establishment

Countries currently using this currency

Related

Other Other currencies

Afghan Afghani (AFN)Albanian lek (ALL)Algerian Dinar (DZD)Angolan Kwanza (AOA)Armenian Dram (AMD)Azerbaijani Manat (AZN)Bahraini dinar (BHD)Bangladeshi taka (BDT)Belarusian ruble (BYN)Boliviano (BOB)Botswana pula (BWP)Brazilian Real (BRL)

Historical predecessor

Mozambican Escudo