The
Mozambique Metical (MZM) is the name of the country’s currency.
The currency was introduced in 1980 to replace the Portuguese Escudo
which had been in use since the country’s colonial existence.
1 Metical is equivalent to 100 Centavos.
Denominations:
Coins are available for 1, 5, 10, 20 and 50 Centavos. Banknotes
are available for 20, 50, 100, 200, 500 and 1000 Meticais.
Exchange Rates against major currencies:
At the time of writing (July 2006), One American Dollar was
equivalent to 25,965 MZM, One British Pound was equivalent to
47,492 MZM and One Euro was equivalent to 32,884 MZM.
