The metical (plural: meticais) is the currency of Mozambique, abbreviated with the symbol MZN or MT. It is nominally divided into 100 centavos. The name metical comes from Arabic مثقال (mithqāl), a unit of weight and an alternative name for the gold dinar coin that was used throughout much of Africa until the 19th century.
The Africa Report shines a light on how an African government crafted a shady deal, with the help of international contractors and big banks, that the country’s citizens will be paying for over decades to come
The International Monetary Fund had suspicions about Mozambique’s hidden loans almost a year before the government finally admitted it had undisclosed debt, email exchanges between the fund and the government show.