Convert Mozambican Metical to Dominican Peso
Please provide values below to convert Mozambican Metical [MZN] to Dominican Peso [DOP], or Convert Dominican Peso to Mozambican Metical.
How to Convert Mozambican Metical to Dominican Peso
1 MZN = 1.05420456993256 DOP
Example: convert 15 MZN to DOP:
15 MZN = 15 × 1.05420456993256 DOP = 15.8130685489884 DOP
Mozambican Metical to Dominican Peso 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.
Dominican Peso
The Dominican Peso (DOP) is the official currency of the Dominican Republic, used for everyday transactions and financial exchanges within the country.
History/Origin
The Dominican Peso was introduced in 1947, replacing the Dominican Republic peso at a rate of 1 peso to 1 peso. It has undergone various reforms and decimalization over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the Dominican Peso remains the official currency of the Dominican Republic, widely used in all sectors of the economy, with banknotes and coins circulating throughout the country and in international transactions involving the Dominican Republic.