Mozambican Metical in Swazi Langeni

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.

SZL Swazi Langeni

Country of application:
Eswatini

Coin denominations in circulation:
5, 10, 20 and 50 cents, 1 lilangeni, 2 and 5 enalangeni.

Denominations of banknotes in circulation:
10, 20, 50, 100 and 200 enamel.

History reference:
Lilangeni is the national currency and fiat (fiduciary) money of the Kingdom of Eswatini (the Kingdom of Eswatini) - former Swaziland. The official currency was introduced in 1974. Pegged to the Sout...h African rand at a ratio of 1 to 1. In 1986, after a significant depreciation of the rand, countries replaced the rand currency area with the Common Monetary Area (CMA) to manage monetary policy. The CMA and the Southern African Customs Union are working together to help member countries. The terms of the new agreement gave Swaziland (now Eswatini) additional flexibility in its monetary policy.