Convert Brazilian Real to Mozambican Metical
Please provide values below to convert Brazilian Real [BRL] to Mozambican Metical [MZN], or Convert Mozambican Metical to Brazilian Real.
How to Convert Brazilian Real to Mozambican Metical
1 BRL = 0.0875007662407678 MZN
Example: convert 15 BRL to MZN:
15 BRL = 15 × 0.0875007662407678 MZN = 1.31251149361152 MZN
Brazilian Real to Mozambican Metical Conversion Table
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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.
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.