Mozambican Metical in Cuban convertible peso

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.

CUC Cuban convertible peso

Country of application:
Cuba

Coin denominations in circulation:
5, 10, 25, 50 centavos, 1 Cuban Convertible Peso.

Denominations of banknotes in circulation:
1, 3, 5, 10, 20, 50, 100 Cuban Convertible Pesos.

History reference:
On October 23, 2013, a message was published by the Council of Ministers of Cuba on agreeing on a schedule for the implementation of measures to unify the countrys monetary circulation, providing for... a gradual transition from a system of two currencies to a single Cuban currency[1]. On January 1, 2021, a large-scale reform was launched in the republic to abolish the dual monetary system, announced in December 2020 by Cuban President Miguel Mario Diaz-Canel.[2] From the beginning of 2021, Cuba began to withdraw convertible pesos from circulation, giving citizens 180 days to exchange savings in banks for Cuban pesos at a rate of 1:24