Mozambican Metical

Mozambican Metical

Mozambican Metical overview

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.

1 MZN to USD exchange rates chart

MZN to  exchange rates chart

Mozambican Metical news

Mozambique: The anatomy of corruption | Southern Africa

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

about 2 months conditional neutral
Mozambique: Central Bank Leaves Interest Rates Unchanged

The Monetary Policy Committee of the Bank of Mozambique, at a meeting on Monday, decided to keep the central bank's benchmark interest rate unchanged at 15 per cent.

2 months indicative neutral
Mozambican SOEs fail to account for $500m | IOL Business Report

Loans are being investigated

over 1 year conditional neutral
IMF Suspected Mozambique Debt Concealment Year Before Disclosure

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.

over 1 year conditional neutral
Mozambique: Attorney General Highlights Greed and Violence

Government wage cut

over 1 year conditional positive
Mozambique: Has Government Said It Won't Repay Secret Debt?

Bank of Mozambique: Consumption & investment falling

almost 2 years conditional negative
Mozambique: Massive Increase in Capital Requirements for Banks

The Bank of Mozambique has announced a massive increase in the capital requirements for commercial banks operating in the country.

almost 2 years indicative negative

MZN currency converter