Convert Mozambican Metical to Kuwaiti Dinar
Please provide values below to convert Mozambican Metical [MZN] to Kuwaiti Dinar [KWD], or Convert Kuwaiti Dinar to Mozambican Metical.
How to Convert Mozambican Metical to Kuwaiti Dinar
1 MZN = 208.324492468893 KWD
Example: convert 15 MZN to KWD:
15 MZN = 15 × 208.324492468893 KWD = 3124.8673870334 KWD
Mozambican Metical to Kuwaiti Dinar 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.
Kuwaiti Dinar
The Kuwaiti Dinar (KWD) is the official currency of Kuwait, used as the country's legal tender for all transactions.
History/Origin
The Kuwaiti Dinar was introduced in 1960, replacing the Gulf rupee at par. It was initially pegged to the British pound and later to the US dollar, maintaining a stable and strong currency due to Kuwait's oil wealth.
Current Use
Today, the Kuwaiti Dinar remains one of the highest-valued currencies globally, widely used within Kuwait for all financial transactions and recognized for its stability and strength in international markets.