Convert Mozambican Metical to Manx pound
Please provide values below to convert Mozambican Metical [MZN] to Manx pound [IMP], or Convert Manx pound to Mozambican Metical.
How to Convert Mozambican Metical to Manx Pound
1 MZN = 85.9412400378225 IMP
Example: convert 15 MZN to IMP:
15 MZN = 15 × 85.9412400378225 IMP = 1289.11860056734 IMP
Mozambican Metical to Manx 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.
Manx Pound
The Manx pound (IMP) is the official currency of the Isle of Man, subdivided into 100 pence, and used as the island's legal tender.
History/Origin
The Manx pound has been in use since the Isle of Man established its own currency system, historically linked to the British pound, with banknotes issued by local banks since the 19th century.
Current Use
Today, the Manx pound is pegged to the British pound at par and is used alongside British currency for everyday transactions and local commerce on the Isle of Man.