Convert Mozambican Metical to Peruvian Nuevo Sol
Please provide values below to convert Mozambican Metical [MZN] to Peruvian Nuevo Sol [PEN], or Convert Peruvian Nuevo Sol to Mozambican Metical.
How to Convert Mozambican Metical to Peruvian Nuevo Sol
1 MZN = 17.8829861989488 PEN
Example: convert 15 MZN to PEN:
15 MZN = 15 × 17.8829861989488 PEN = 268.244792984231 PEN
Mozambican Metical to Peruvian Nuevo Sol 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.
Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.