Convert Bhutanese Ngultrum to Mozambican Metical
Please provide values below to convert Bhutanese Ngultrum [BTN] to Mozambican Metical [MZN], or Convert Mozambican Metical to Bhutanese Ngultrum.
How to Convert Bhutanese Ngultrum to Mozambican Metical
1 BTN = 1.35775506386911 MZN
Example: convert 15 BTN to MZN:
15 BTN = 15 × 1.35775506386911 MZN = 20.3663259580367 MZN
Bhutanese Ngultrum to Mozambican Metical Conversion Table
| Bhutanese Ngultrum | Mozambican Metical |
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Bhutanese Ngultrum
The Bhutanese Ngultrum (BTN) is the official currency of Bhutan, used for all monetary transactions within the country.
History/Origin
Introduced in 1974, the Ngultrum replaced the Indian Rupee as Bhutan's official currency, establishing a separate national currency to promote economic independence.
Current Use
The Ngultrum remains the official currency of Bhutan, widely used in everyday transactions, with coins and banknotes issued by the Royal Monetary Authority of Bhutan.
Mozambican Metical
The Mozambican Metical (MZN) is the official currency of Mozambique, used for all monetary transactions within the country.
History/Origin
The Metical was introduced in 1980, replacing the Mozambique Escudo, to stabilize the economy and modernize the monetary system. It has undergone several redenominations and reforms since its inception.
Current Use
The Metical is actively used as Mozambique's primary currency for everyday transactions, banking, and trade. It is issued and regulated by the Bank of Mozambique.