Convert Mozambican Metical to Moroccan Dirham
Please provide values below to convert Mozambican Metical [MZN] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to Mozambican Metical.
How to Convert Mozambican Metical to Moroccan Dirham
1 MZN = 7.06263112906986 MAD
Example: convert 15 MZN to MAD:
15 MZN = 15 × 7.06263112906986 MAD = 105.939466936048 MAD
Mozambican Metical to Moroccan Dirham 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.
Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.