Mozambican Metical
a.k.a. MZN
The currency of Mozambique on Africa's south-east coast.
In plain English
The currency of Mozambique on Africa's south-east coast.
The Mozambican metical (MZN, plural meticais) is Mozambique's money. It was redenominated in 2006, when 1,000 old meticais became one new one. Large offshore gas projects have long been expected to shape the country's economy, so the metical's outlook is tied to energy investment. It is a thinly traded exotic.
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