MZN

Mozambican Metical

MZN is the official currency of Mozambique. It is issued by the Banco de Moçambique and is subdivided into 100 centavos.

The 'new metical' was introduced in 2006, replacing the old metical at 1,000:1 following hyperinflation. The name derives from the Arabic 'mithqal', a unit of weight historically used for gold. In 2024, updated banknotes with enhanced security features were introduced.

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