Convert Mozambican Metical to Tanzanian Shilling
Please provide values below to convert Mozambican Metical [MZN] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Mozambican Metical.
How to Convert Mozambican Metical to Tanzanian Shilling
1 MZN = 0.0247545913398948 TZS
Example: convert 15 MZN to TZS:
15 MZN = 15 × 0.0247545913398948 TZS = 0.371318870098422 TZS
Mozambican Metical to Tanzanian Shilling 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.
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.