Convert Mozambican Metical to Djiboutian Franc
Please provide values below to convert Mozambican Metical [MZN] to Djiboutian Franc [DJF], or Convert Djiboutian Franc to Mozambican Metical.
How to Convert Mozambican Metical to Djiboutian Franc
1 MZN = 0.357989770482948 DJF
Example: convert 15 MZN to DJF:
15 MZN = 15 × 0.357989770482948 DJF = 5.36984655724422 DJF
Mozambican Metical to Djiboutian 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.
Djiboutian Franc
The Djiboutian Franc (DJF) is the official currency of Djibouti, used for all monetary transactions within the country.
History/Origin
The Djiboutian Franc was introduced in 1949, replacing the French Franc at par, and has been the country's official currency since then, with its value maintained by the Central Bank of Djibouti.
Current Use
The DJF is widely used in Djibouti for everyday transactions, banking, and trade, and is pegged to the US dollar at a fixed rate to ensure stability.