Cuban Peso in Mozambican Metical

CUP Cuban Peso

Country of application:
Cuba

Coin denominations in circulation:
20 centavos, 1, 3, 5 Cuban pesos.

Denominations of banknotes in circulation:
1, 3, 5, 10, 20, 50, 100, 200, 500 Cuban pesos.

History reference:
The Cuban peso (sign $MN, code CUP) is the national currency of Cuba, used in conjunction with the convertible peso. The first issue of the currency took place in 1857. Prior to this, the country use...d to pay for the Spanish real. In tourism, the country still uses another currency - the convertible Cuban peso. However, recently it has become possible to pay with US dollars in shops and hotels. The government plans to completely remove the convertible currency and leave only the CUP.

MZN Mozambican Metical

Country of application:
Mozambique

Coin denominations in circulation:
1, 5, 10, 20, 50 centavos, 1, 2, 5 and 10 meticals.

Denominations of banknotes in circulation:
20, 50, 100, 200, 500 and 1000 meticals.

History reference:
The Mozambican metical has been the national currency and money of the Republic of Mozambique since 1980, after gaining independence from Portugal in 1875. In 2006, a denomination was carried out in ...a ratio of 1000: 1. The territory of the country is a collection of flat lowlands near the coast, which smoothly turn into highlands and the Mozambique Plateau in the north-west of the country. Among the largest rivers, the Zambezi and Ruvuma, which separates Mozambique and Tanzania, should be distinguished. The total area of Mozambique exceeds 800 thousand square kilometers. On July 1, 2006, Mozambique introduced the metical denomination at a rate of 1000:1. The new ISO 4217 code is MZN. New banknotes and coins were also introduced on July 1, 2006. The transition period, during which both the old and the new currencies had equal circulation, ended on December 31, 2006. During this period, the abbreviation MTn was used for new meticals, but then the abbreviation MT was used again.