Convert Mozambican Metical to Brazilian Real
Please provide values below to convert Mozambican Metical [MZN] to Brazilian Real [BRL], or Convert Brazilian Real to Mozambican Metical.
How to Convert Mozambican Metical to Brazilian Real
1 MZN = 11.428471349021 BRL
Example: convert 15 MZN to BRL:
15 MZN = 15 × 11.428471349021 BRL = 171.427070235315 BRL
Mozambican Metical to Brazilian Real Conversion Table
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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.
Brazilian Real
The Brazilian Real (BRL) is the official currency of Brazil, used for all monetary transactions within the country.
History/Origin
Introduced in 1994 to stabilize the Brazilian economy and curb hyperinflation, the Real replaced the Cruzeiro and has undergone several reforms and currency changes since its inception.
Current Use
The BRL is widely used in Brazil for everyday transactions, banking, and international trade, and is recognized as a stable currency in Latin America.