MZN 500 | Bank Note | Five Hundred Metical | Kae Kae | CurrencyStackerKK | Mozambique | Africa
500 Mozambique Metical
The Metical (/ˈmɛtɪˌkæl/; plural: meticais) is the currency of Mozambique, abbreviated with the symbol MZN or MT. It is nominally divided into 100 centavos. The name metical comes from Arabic مثقال (mithqāl), a unit of weight and an alternative name for the gold dinar coin that was used throughout much of Africa until the 19th century.
First Metical replaced the escudo at par on 16 June 1980. It was divided into 100 centavos. The metical underwent severe inflation.
Second metical On July 1, 2006, Mozambique redenominated the metical at a rate of 1000:1. The new ISO 4217 code is MZN. New coins and banknotes were introduced on July 1, 2006.
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