Mozambique Currency

Mozambique is a country which doesn’t have a good economic history neither does the economic growth has been surprisingly good recently. This brings the Mozambique currency’s value pretty low as compared to the currency of other countries but when comparing to other African countries, the Mozambique currency is not that devalued.

Information Mozambique Currency

Mozambique currency is metical which has a symbol ‘MZN or MT’. The Metical is further divided into 100 centavos. The history is the metical goes back to 1980. The Mozambique currency metical has been a victim of inflation to a very severe limit and one time it reached to 1 United States Dollars equivalent to 24,500 meticais.
But soon after the Zimbabwean dollar took place the Mozambique currency started gaining a little bit of stability and in July 2006, the new banknotes and coins were made. Bank of Mozambique redeemed old meticais for as long as 6 years. 

Mozambican Currency to PKR & USD

1 Mozambican metical is equivalent of 2.03 Pakistani rupees which can assume to be the double of Mozambique currency. While 1 Mozambican metical is equivalent of 0.016 United States Dollars. The Mozambique currency value at this time is very improved as compared to the earlier times and it can be improved much more if they can promote more tourism. The Mozambique currency rate fluctuates very frequently with time and we tend to stay updated as much as possible so that we can tell you about the latest rates according to the rise and fall of the currecny’s value that is going on in the international market.   

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