Convert Mozambican Metical to Eritrean Nakfa
Please provide values below to convert Mozambican Metical [MZN] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Mozambican Metical.
How to Convert Mozambican Metical to Eritrean Nakfa
1 MZN = 4.24148666666667 ERN
Example: convert 15 MZN to ERN:
15 MZN = 15 × 4.24148666666667 ERN = 63.6223 ERN
Mozambican Metical to Eritrean Nakfa Conversion Table
| Mozambican Metical | Eritrean Nakfa |
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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.
Eritrean Nakfa
The Eritrean Nakfa (ERN) is the official currency of Eritrea, used for all monetary transactions within the country.
History/Origin
The Nakfa was introduced in 1997, replacing the Ethiopian Birr as Eritrea's national currency, to establish economic independence and stabilize the economy after independence in 1993.
Current Use
The ERN is actively used as the primary currency in Eritrea for everyday transactions, banking, and trade, with its value regulated by the country's central bank.