Convert Mozambican Metical to Burundian Franc
Please provide values below to convert Mozambican Metical [MZN] to Burundian Franc [BIF], or Convert Burundian Franc to Mozambican Metical.
How to Convert Mozambican Metical to Burundian Franc
1 MZN = 0.0214288901990959 BIF
Example: convert 15 MZN to BIF:
15 MZN = 15 × 0.0214288901990959 BIF = 0.321433352986438 BIF
Mozambican Metical to Burundian Franc Conversion Table
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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.
Burundian Franc
The Burundian Franc (BIF) is the official currency of Burundi, used for everyday transactions within the country.
History/Origin
The Burundian Franc was introduced in 1964, replacing the Belgian Congo franc, following Burundi's independence. It has undergone various redenominations and inflation adjustments over the years.
Current Use
Today, the BIF is widely used in Burundi for all monetary transactions, with coins and banknotes issued by the Central Bank of Burundi. It remains the legal tender in the country.