Mozambican Metical in Romanian Leu

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.

RON Romanian Leu

Country of application:
Romania

Coin denominations in circulation:
1, 5, 10, 50 baths.

Denominations of banknotes in circulation:
1, 5, 10, 50, 100, 200, 500 lei.

History reference:
The national currency of Romania as the official currency is the leu, otherwise called the Romanian new leu. The new leu is the fourth leu in a series of revaluation currencies since 1867. The new le...u replaced the old Romanian leu (currency symbol ROL) in July 2005 at a rate of 10,000 old lei for one new leu. The current version was used together with the previous leu from March 2005 to June 2006 during the conversion period. Throughout history, the leu has been pegged to currencies of other countries such as the German Reichsmark, the US dollar and the Russian ruble. While Romania is currently planning to adopt the euro as its main currency in 2024, the leu is not currently pegged to the euro.