Convert Israeli New Sheqel to Mozambican Metical
Please provide values below to convert Israeli New Sheqel [ILS] to Mozambican Metical [MZN], or Convert Mozambican Metical to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Mozambican Metical
1 ILS = 0.0525759049892883 MZN
Example: convert 15 ILS to MZN:
15 ILS = 15 × 0.0525759049892883 MZN = 0.788638574839325 MZN
Israeli New Sheqel to Mozambican Metical Conversion Table
| Israeli New Sheqel | Mozambican Metical |
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Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.
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.