Convert Mozambican Metical to Ethiopian Birr
Please provide values below to convert Mozambican Metical [MZN] to Ethiopian Birr [ETB], or Convert Ethiopian Birr to Mozambican Metical.
How to Convert Mozambican Metical to Ethiopian Birr
1 MZN = 0.465629418635628 ETB
Example: convert 15 MZN to ETB:
15 MZN = 15 × 0.465629418635628 ETB = 6.98444127953442 ETB
Mozambican Metical to Ethiopian Birr 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.
Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.