Convert Mozambican Metical to Mongolian Tugrik
Please provide values below to convert Mozambican Metical [MZN] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Mozambican Metical.
How to Convert Mozambican Metical to Mongolian Tugrik
1 MZN = 0.0179231438751039 MNT
Example: convert 15 MZN to MNT:
15 MZN = 15 × 0.0179231438751039 MNT = 0.268847158126559 MNT
Mozambican Metical to Mongolian Tugrik Conversion Table
| Mozambican Metical | Mongolian Tugrik |
|---|
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.
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.