Convert Nigerian Naira to Mozambican Metical
Please provide values below to convert Nigerian Naira [NGN] to Mozambican Metical [MZN], or Convert Mozambican Metical to Nigerian Naira.
How to Convert Nigerian Naira to Mozambican Metical
1 NGN = 24.0592198018619 MZN
Example: convert 15 NGN to MZN:
15 NGN = 15 × 24.0592198018619 MZN = 360.888297027929 MZN
Nigerian Naira to Mozambican Metical Conversion Table
| Nigerian Naira | Mozambican Metical |
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Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.
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.