Mozambican metical

Mozambican metical
Metical moçambicano (Portuguese)
ISO 4217
CodeMZN (numeric: 943)
Subunit0.01
Unit
Pluralmeticais
SymbolMT, MTn
Denominations
Subunit
1100centavo
Banknotes20, 50, 100, 200, 500, 1000 meticais
Coins
 Freq. used1, 2, 5, 10 meticais
 Rarely used1, 5, 10, 20, 50 centavos (discontinued, still legal tender)
Demographics
User(s) Mozambique
Valuation
Inflation10.3% [1][clarification needed]
 Source2023 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]

  1. ^ https://www.worlddata.info/africa/mozambique/inflation-rates.php#:~:text=The%20inflation%20rate%20for%20consumer,rate%20was%2018.9%25%20per%20year.
  2. ^ "metical". Dictionary.com Unabridged (Online). n.d. Retrieved December 9, 2019.
  3. ^ "Metical" in Dicionário da Língua Portuguesa com Acordo Ortográfico. Porto Editora, Porto, 2003-2015. Accessed 1 April 2015. (in Portuguese)
  4. ^ Johnson, Marion (1968), "The Nineteenth-Century Gold 'Mithqal' in West and North Africa", The Journal of African History, 9 (4), Cambridge University Press: 547–569, doi:10.1017/s0021853700009038, ISSN 0021-8537, JSTOR 180144, S2CID 161545754

© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search