Mozambican metical

The metical ({{mono|MZM}}) replaced the escudo at par on 16 June 1980.{{cite book | last1 = Linzmayer | first1 = Owen | title = The Banknote Book | chapter = Mozambique | publisher = www.BanknoteNews.com | year = 2012 | location = San Francisco, California | url = http://www.banknotebook.com}}{{cite web|url=http://pjsymes.com.au/articles/Mozambique_1.htm |title= The Banknotes of Mozambique; Independence Issues – 1975 to 1989|author= Peter Symes |website=www.pjsymes.com.au|accessdate= 7 July 2014}} It was divided into 100 centavos. The metical underwent severe inflation. After the revaluation of the Romanian leu on 1 July 2005, the metical briefly became the least valued currency unit, at a value of about 24,500 meticais per USD, until the Zimbabwean dollar took the title in late August 2005.

On 1 July 2006, Mozambique redenominated the metical at a rate of 1000:1. The new ISO 4217 code is {{mono|MZN}}. New coins and banknotes were introduced on 1 July 2006, and the transitional period during which both old and new meticais could be used lasted until 31 December 2006. During the conversion, the new currency was locally abbreviated as MTn, but has since largely returned to MT.

Old meticais were redeemed by the Bank of Mozambique for a period of six years, until 31 December 2012.

In 1980, coins were introduced in denominations of 50 centavos, 1, {{frac|2|1|2}}, 5, 10 and 20 meticais. The 50 centavos, {{frac|2|1|2}} and 5 meticais were minted in aluminium, with the 1 metical in brass and the 10 and 20 meticais in cupro-nickel. In 1986, aluminium 1, 10, 20 and 50 meticais were introduced. A new coinage issued in 1994 was composed of 1, 5, 10, 20, 50, 100, 500 and 1000 meticais, with the lower four denominations in brass clad steel and the higher denominations in nickel clad steel. 5000 meticais coins were introduced in 1998, followed by 10,000 meticais in 2003.

From 1 July 2006, coins were issued in denominations of 1, 5, 10, 20, 50 centavos and 1, 2, 5, 10 meticais.

from June 2024 new coins will circulate withe new images and the removal of the 5 and 20 centavos coins [https://clubofmozambique.com/news/mozambique-puts-new-banknotes-and-coins-into-circulation-as-from-june-16-258432/#:~:text=Mozambique%20puts%20new%20banknotes%20and%20coins%20into%20circulation%2C%20as%20from%20June%2016,-8%3A07%20CAT&text=Mozambique%20will%20introduce%20a%20new,bank%20governor%20announced%20on%20Friday.]

The First Metical had three issues of notes as follows:

i. In 1980 (16 June 1980), notes were introduced in denominations of 50, 100, 500 and 1,000 meticais.

ii The same notes and denominations were reissued in 1983 (16 June 1983) with the new state logo, 5,000 meticais notes were introduced in 1989 (3 February 1989).

iii. In 1991 (16 June 1991) 500, 1,000, 5,000, and 10,000 notes were issued followed by 50,000 and 100,000 meticais in 1993 (16 June 1993), 20,000 meticais in 1999 (16 June 1999) and 200,000 and 500,000 meticais in 2003 (16 June 2003).

From 1 July 2006, new banknotes were issued in denominations of 20, 50, 100, 200, 500, and 1000 meticais.{{cite web |url=http://www.nachthund.biz/CatalogUpdate/Mozambique/MozambiqueIndex.html |title=Archived copy |access-date=28 June 2006 |url-status=dead |archive-url=https://web.archive.org/web/20070314132025/http://www.nachthund.biz/CatalogUpdate/Mozambique/MozambiqueIndex.html |archive-date=14 March 2007 }} On 1 October 2011, Banco de Moçambique has issued a new family of banknotes that are similar to the 2006 series, but with enhanced security features. The three smaller denominations are now printed on polymer while the higher denominations remain printed on paper. The higher denominated metical banknotes are printed by De La Rue.[http://banknotenews.com/files/a5900835e6fc574d996958bd6a204de0-1572.php Mozambique new 20-, 50-, and 100-meticais notes confirmed] {{Webarchive|url=https://web.archive.org/web/20110917211954/http://banknotenews.com/files/a5900835e6fc574d996958bd6a204de0-1572.php |date=17 September 2011 }} BanknoteNews.com. Retrieved 10 March 2012.[http://banknotenews.com/files/7ceb8a001cd3025a2151d66b3a774fe4-2121.php Mozambique new 200-meticais note confirmed] {{Webarchive|url=https://web.archive.org/web/20121006145036/http://banknotenews.com/files/7ceb8a001cd3025a2151d66b3a774fe4-2121.php |date=6 October 2012 }} BanknoteNews.com. Retrieved 30 June 2012.[http://banknotenews.com/files/3dc0c0413db7484b795d299d207b2065-2160.php Mozambique new 500-meticais note confirmed] {{Webarchive|url=https://web.archive.org/web/20121006145338/http://banknotenews.com/files/3dc0c0413db7484b795d299d207b2065-2160.php |date=6 October 2012 }} BanknoteNews.com. Retrieved 30 June 2012.[http://banknotenews.com/files/9f55970e4df319f8ab66c4104ec5d8a8-2161.php Mozambique new 1,000-meticais note confirmed] {{Webarchive|url=https://web.archive.org/web/20121006145310/http://banknotenews.com/files/9f55970e4df319f8ab66c4104ec5d8a8-2161.php |date=6 October 2012 }} BanknoteNews.com. Retrieved 30 June 2012.

Mozambique will introduce a new series of metical notes and coins from June 16, 2024, which will progressively replace those that have been in circulation since 2006, the central bank governor announced on Friday [https://clubofmozambique.com/news/mozambique-puts-new-banknotes-and-coins-into-circulation-as-from-june-16-258432/#:~:text=Mozambique%20will%20introduce%20a%20new,bank%20governor%20announced%20on%20Friday.]

{{Exchange rate|MZN|ZAR|EUR|JPY|USD}}

• Economy of Mozambique

{{Reflist}}

• {{commons category-inline}}
• [http://www.bancomoc.mz/ Banco de Moçambique] ({{Webarchive|url=https://web.archive.org/web/20100629072142/http://www.bancomoc.mz/ |date=29 June 2010 }}) – Bank of Mozambique (Portuguese)
• [http://www.bis-ans-ende-der-welt.net/Mosambik-B-En.htm Historical banknotes of Mozambique] {{in lang|en|de}}

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{{Economy of Mozambique}}

{{Currencies of Africa}}

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Category:Currencies of Mozambique

Category:Currencies introduced in 1980

Category:Currencies of Africa

Category:Circulating currencies