Metical moçambicano (Portuguese) | |
---|---|
ISO 4217 | |
Code | MZN (numeric: 943) |
Subunit | 0.01 |
Unit | |
Plural | meticais |
Symbol | MT, MTn |
Denominations | |
Subunit | |
1⁄100 | centavo |
Banknotes | 20, 50, 100, 200, 500, 1000 meticais |
Coins | |
Freq. used | 1, 2, 5, 10 meticais |
Rarely used | 1, 5, 10, 20, 50 centavos (discontinued, still legal tender) |
Demographics | |
User(s) | Mozambique |
Valuation | |
Inflation | 10.3% [1][clarification needed] |
Source | 2023 est. |
The metical (/ˈmɛtɪˌkæl/;[2] 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),[3] a unit of weight and an alternative name for the gold dinar coin that was used throughout much of Africa until the 19th century.[4]