Convert Mozambican Metical to Namibian Dollar
Please provide values below to convert Mozambican Metical [MZN] to Namibian Dollar [NAD], or Convert Namibian Dollar to Mozambican Metical.
How to Convert Mozambican Metical to Namibian Dollar
1 MZN = 3.62175593594699 NAD
Example: convert 15 MZN to NAD:
15 MZN = 15 × 3.62175593594699 NAD = 54.3263390392049 NAD
Mozambican Metical to Namibian Dollar 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.
Namibian Dollar
The Namibian Dollar (NAD) is the official currency of Namibia, used for all monetary transactions within the country.
History/Origin
Introduced in 1993, replacing the South African Rand at par, the Namibian Dollar was established to establish a distinct national currency following independence from South Africa.
Current Use
The NAD is widely used in Namibia for everyday transactions, banking, and trade, and is pegged at par with the South African Rand, which is also accepted in Namibia.