Convert Nicaraguan Córdoba to Mozambican Metical
Please provide values below to convert Nicaraguan Córdoba [NIO] to Mozambican Metical [MZN], or Convert Mozambican Metical to Nicaraguan Córdoba.
How to Convert Nicaraguan Córdoba to Mozambican Metical
1 NIO = 0.578196638599988 MZN
Example: convert 15 NIO to MZN:
15 NIO = 15 × 0.578196638599988 MZN = 8.67294957899982 MZN
Nicaraguan Córdoba to Mozambican Metical Conversion Table
| Nicaraguan Córdoba | Mozambican Metical |
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Nicaraguan Córdoba
The Nicaraguan Córdoba (NIO) is the official currency of Nicaragua, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Nicaraguan Córdoba was introduced in 1912, replacing the Nicaraguan peso. It has undergone several redenominations and reforms, with the current version being issued in 1998 to stabilize the economy after periods of inflation.
Current Use
Today, the Nicaraguan Córdoba is the primary legal tender in Nicaragua, used in all financial transactions, banking, and commerce across the country.
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.