Convert Mozambican Metical to Congolese Franc
Please provide values below to convert Mozambican Metical [MZN] to Congolese Franc [CDF], or Convert Congolese Franc to Mozambican Metical.
How to Convert Mozambican Metical to Congolese Franc
1 MZN = 0.0220525143515535 CDF
Example: convert 15 MZN to CDF:
15 MZN = 15 × 0.0220525143515535 CDF = 0.330787715273303 CDF
Mozambican Metical to Congolese Franc 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.
Congolese Franc
The Congolese Franc (CDF) is the official currency of the Democratic Republic of the Congo, used for everyday transactions and financial exchanges within the country.
History/Origin
The Congolese Franc was introduced in 1967, replacing the Congolese Léopard at par, as part of monetary reforms following independence. It has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the CDF remains the official currency of the Democratic Republic of the Congo, used in all banking, commerce, and financial activities across the country.