Convert Mozambican Metical to Indian Rupee
Please provide values below to convert Mozambican Metical [MZN] to Indian Rupee [INR], or Convert Indian Rupee to Mozambican Metical.
How to Convert Mozambican Metical to Indian Rupee
1 MZN = 0.736477468331572 INR
Example: convert 15 MZN to INR:
15 MZN = 15 × 0.736477468331572 INR = 11.0471620249736 INR
Mozambican Metical to Indian Rupee 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.
Indian Rupee
The Indian Rupee (INR) is the official currency of India, used for everyday transactions and financial exchanges within the country.
History/Origin
The Indian Rupee has a history dating back to ancient India, where it was used as a silver coin. It was formally adopted as the official currency during British rule and has evolved through various denominations and reforms to its current form.
Current Use
Today, the INR is widely used across India for all forms of monetary transactions, both cash and digital, and is managed by the Reserve Bank of India. It is also accepted in some neighboring countries and is a recognized currency in international trade.