Convert Mozambican Metical to Egyptian Pound
Please provide values below to convert Mozambican Metical [MZN] to Egyptian Pound [EGP], or Convert Egyptian Pound to Mozambican Metical.
How to Convert Mozambican Metical to Egyptian Pound
1 MZN = 1.29646693945421 EGP
Example: convert 15 MZN to EGP:
15 MZN = 15 × 1.29646693945421 EGP = 19.4470040918131 EGP
Mozambican Metical to Egyptian 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.
Egyptian Pound
The Egyptian Pound (EGP) is the official currency of Egypt, used for all monetary transactions within the country.
History/Origin
The Egyptian Pound was introduced in 1898, replacing the Egyptian piastre, and has undergone various reforms and decimalization over the years to modernize the currency system.
Current Use
Today, the Egyptian Pound is the primary currency in Egypt, issued and regulated by the Central Bank of Egypt, and is used in everyday transactions, banking, and trade.