Convert Mozambican Metical to Iranian Rial
Please provide values below to convert Mozambican Metical [MZN] to Iranian Rial [IRR], or Convert Iranian Rial to Mozambican Metical.
How to Convert Mozambican Metical to Iranian Rial
1 MZN = 0.00149919351041301 IRR
Example: convert 15 MZN to IRR:
15 MZN = 15 × 0.00149919351041301 IRR = 0.0224879026561952 IRR
Mozambican Metical to Iranian Rial 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.
Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, used for everyday transactions and pricing within the country.
History/Origin
The Iranian Rial was introduced in 1932, replacing the Iranian Toman. It has undergone several redenominations and inflation periods, with the current form established in 2002 to address hyperinflation.
Current Use
Today, the IRR is the primary currency used in Iran for all financial transactions, though the currency experiences high inflation and is often used alongside other forms of payment such as digital currencies and foreign currencies in certain contexts.