Convert British Pound Sterling to Mozambican Metical
Please provide values below to convert British Pound Sterling [GBP] to Mozambican Metical [MZN], or Convert Mozambican Metical to British Pound Sterling.
How to Convert British Pound Sterling to Mozambican Metical
1 GBP = 0.0116342854628016 MZN
Example: convert 15 GBP to MZN:
15 GBP = 15 × 0.0116342854628016 MZN = 0.174514281942023 MZN
British Pound Sterling to Mozambican Metical Conversion Table
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British Pound Sterling
The British Pound Sterling (GBP) is the official currency of the United Kingdom and its territories, used as a standard unit of monetary value.
History/Origin
The Pound Sterling is one of the oldest currencies still in use, dating back to the 8th century. It was originally a silver coin and has evolved through various forms, including the gold standard and fiat currency, becoming the UK's primary currency in the 19th century.
Current Use
Today, the GBP is widely used in the UK and its territories, serving as the main currency for everyday transactions, banking, and international trade. It is also a major reserve currency globally.
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.