Convert Kuwaiti Dinar to Mozambican Metical
Please provide values below to convert Kuwaiti Dinar [KWD] to Mozambican Metical [MZN], or Convert Mozambican Metical to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Mozambican Metical
1 KWD = 0.00480020370216103 MZN
Example: convert 15 KWD to MZN:
15 KWD = 15 × 0.00480020370216103 MZN = 0.0720030555324155 MZN
Kuwaiti Dinar to Mozambican Metical Conversion Table
| Kuwaiti Dinar | Mozambican Metical |
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Kuwaiti Dinar
The Kuwaiti Dinar (KWD) is the official currency of Kuwait, used as the country's legal tender for all transactions.
History/Origin
The Kuwaiti Dinar was introduced in 1960, replacing the Gulf rupee at par. It was initially pegged to the British pound and later to the US dollar, maintaining a stable and strong currency due to Kuwait's oil wealth.
Current Use
Today, the Kuwaiti Dinar remains one of the highest-valued currencies globally, widely used within Kuwait for all financial transactions and recognized for its stability and strength in international markets.
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.