Currency: Mozambican Metical

The Mozambican Metical is the official currency of Mozambique. One US dollar is worth around 60.00 MZN. The Mozambican Metical (MZN) is the currency of Mozambique, which is situated in southeastern Africa. It was first introduced in 1980, replacing the Mozambican escudo. The metical is subdivided into 100 centavos. The Bank of Mozambique is responsible for issuing and managing the currency. The metical is widely used throughout the country and is accepted at most major businesses, including hotels, restaurants, and shops. The currency has experienced significant fluctuations in recent years, due in part to political instability and economic uncertainty in the country. Despite these challenges, the metical remains an important currency in the region.