Exchange rate Mozambican Metical EUR/MZN

Mozambican Metical

Mozambique has known a period of civil war that has torn the country. This lasted from 1977 to 1992. As a result, Mozambique is now one of the poorest countries in the world, with an economy that is hopelessly backward. IMF intervention has reduced the debts of Mozambique and can now be used to restore the economy. The minerals that Mozambique is rich, such as bauxite, gold, marble, granite and precious stones, are very popular, but the inadequate infrastructure still stands in the way of exploitation.
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Convert Mozambique metical to euro

The conversion of an amount from Mozambique metical to euro is easy with the calculator on Wisselkoers.nl. The exchange rate Mozambique metical is adjusted daily to the price Mozambique metical euro which the banks carry. This way you always get the right value Mozambique metical in euros or whatever other currency you want.

Did you know

The Mozambique metical is the currency of Mozambique. The metical has been replaced by the new Mozambique metical in 2006. A metical consists of one hundred centavos. These were no longer used in daily payment traffic due to inflation. Since the introduction of the new metical the coins have been used again. The following coins are used: 1, 5, 10, 20, 50 centavo. The paper money used is 20, 50, 100, 200, 500, 1000 metical. The old metical can still be exchanged at the bank until December 31, 2012. The price Mozambique metical to old metical is 1: 1000. The international abbreviation for payment transactions is MZM.