Convert Mozambican Metical to Turkish Lira
Please provide values below to convert Mozambican Metical [MZN] to Turkish Lira [TRY], or Convert Turkish Lira to Mozambican Metical.
How to Convert Mozambican Metical to Turkish Lira
1 MZN = 1.57322449908137 TRY
Example: convert 15 MZN to TRY:
15 MZN = 15 × 1.57322449908137 TRY = 23.5983674862206 TRY
Mozambican Metical to Turkish Lira 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.
Turkish Lira
The Turkish Lira (TRY) is the official currency of Turkey, used for everyday transactions and financial exchanges within the country.
History/Origin
The Turkish Lira was first introduced in 1923, replacing the Ottoman lira. It has undergone several revaluations and reforms, including the introduction of the New Turkish Lira in 2005 to address inflation and currency stability issues.
Current Use
Today, the Turkish Lira is the primary currency used in Turkey for all economic activities. It is also accepted in some regions of Northern Cyprus and is used in financial markets and banking transactions across the country.