Convert Mozambican Metical to Jersey Pound
Please provide values below to convert Mozambican Metical [MZN] to Jersey Pound [JEP], or Convert Jersey Pound to Mozambican Metical.
How to Convert Mozambican Metical to Jersey Pound
1 MZN = 85.9412400378225 JEP
Example: convert 15 MZN to JEP:
15 MZN = 15 × 85.9412400378225 JEP = 1289.11860056734 JEP
Mozambican Metical to Jersey Pound 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.
Jersey Pound
The Jersey Pound (JEP) is the official currency of Jersey, a British Crown Dependency, used for everyday transactions and financial purposes within the island.
History/Origin
The Jersey Pound was introduced in 1961, replacing the British Pound Sterling in Jersey, and has since been pegged to the British Pound at par, maintaining its value and stability as a local currency.
Current Use
Today, the Jersey Pound is widely used for all local transactions, with banknotes and coins issued specifically for Jersey, and it is accepted alongside the British Pound Sterling within the island.