Convert Moroccan Dirham to Mozambican Metical
Please provide values below to convert Moroccan Dirham [MAD] to Mozambican Metical [MZN], or Convert Mozambican Metical to Moroccan Dirham.
How to Convert Moroccan Dirham to Mozambican Metical
1 MAD = 0.141590291454411 MZN
Example: convert 15 MAD to MZN:
15 MAD = 15 × 0.141590291454411 MZN = 2.12385437181617 MZN
Moroccan Dirham to Mozambican Metical Conversion Table
| Moroccan Dirham | Mozambican Metical |
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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.
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.