INFORMATION ABOUT NEW MOZAMBICAN METICAL
We show the updated today’s value/price of New Mozambican metical (MZN).You can get the exchange from New Mozambican metical to another currency by introducing the value or amount of New Mozambican metical (MZN) in the box and clicking the convert button. This way you can get the New Mozambican metical’s price in relation to other currencies.
INTRODUCTION TO THE NEW MOZAMBICAN METICAL
The New metical was created in July 1st, 2006 to replace the Old Mozambican metical (MZM). It was a monetary reform which stated that 1000 meticals would equate to 1 new metical, that is, it withdraw three zeros to the old legal tender. Since that moment the new metical is the official currency of Mozambique. It is used by approximately 26 million six hundred thousand people. You can check the today value of the New Mozambican metical and check its price.
The Bank of Mozambique is an organization created in 1975. Among its functions there are to be the State bank, adviser of the government in the financial domain and counselor and driver of the exchange policy. It is also the manager of the country’s external availabilities, the intermediate of the international monetary relationships and the supervisor of the financial institutions. As a Central Bank its mission is to preserve the value of the national currency and to promote a strong and efficient national financial sector.
Countries that use the currency: Mozambique
Name: NEW MOZAMBICAN METICAL
Bills: 20, 50, 100, 200, 500, 1000 MTn
Coins: cent = 1/100 of one metical. 1, 5, 10, 20, 50 cents. 1, 2, 5, 10 MTn
Issuing Agent: Bank of Mozambique Web: http://www.bancomoc.mz/