Convert Mozambican Metical to Lebanese Pound
Please provide values below to convert Mozambican Metical [MZN] to Lebanese Pound [LBP], or Convert Lebanese Pound to Mozambican Metical.
How to Convert Mozambican Metical to Lebanese Pound
1 MZN = 0.000710863687150838 LBP
Example: convert 15 MZN to LBP:
15 MZN = 15 × 0.000710863687150838 LBP = 0.0106629553072626 LBP
Mozambican Metical to Lebanese Pound 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.
Lebanese Pound
The Lebanese Pound (LBP) is the official currency of Lebanon, used for everyday transactions and financial exchanges within the country.
History/Origin
The Lebanese Pound was introduced in 1939, replacing the Lebanese lira, and has undergone various devaluations and reforms due to economic challenges and political instability over the decades.
Current Use
Today, the Lebanese Pound remains the official currency of Lebanon, but due to economic crises, the country also extensively uses the US dollar for transactions and savings.