Convert Mozambican Metical to Bhutanese Ngultrum
Please provide values below to convert Mozambican Metical [MZN] to Bhutanese Ngultrum [BTN], or Convert Bhutanese Ngultrum to Mozambican Metical.
How to Convert Mozambican Metical to Bhutanese Ngultrum
1 MZN = 0.73650986588874 BTN
Example: convert 15 MZN to BTN:
15 MZN = 15 × 0.73650986588874 BTN = 11.0476479883311 BTN
Mozambican Metical to Bhutanese Ngultrum Conversion Table
| Mozambican Metical | Bhutanese Ngultrum |
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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.
Bhutanese Ngultrum
The Bhutanese Ngultrum (BTN) is the official currency of Bhutan, used for all monetary transactions within the country.
History/Origin
Introduced in 1974, the Ngultrum replaced the Indian Rupee as Bhutan's official currency, establishing a separate national currency to promote economic independence.
Current Use
The Ngultrum remains the official currency of Bhutan, widely used in everyday transactions, with coins and banknotes issued by the Royal Monetary Authority of Bhutan.