Convert Bosnia-Herzegovina Convertible Mark to Mozambican Metical
Please provide values below to convert Bosnia-Herzegovina Convertible Mark [BAM] to Mozambican Metical [MZN], or Convert Mozambican Metical to Bosnia-Herzegovina Convertible Mark.
How to Convert Bosnia-Herzegovina Convertible Mark to Mozambican Metical
1 BAM = 0.026203076594213 MZN
Example: convert 15 BAM to MZN:
15 BAM = 15 × 0.026203076594213 MZN = 0.393046148913196 MZN
Bosnia-Herzegovina Convertible Mark to Mozambican Metical Conversion Table
| Bosnia-Herzegovina Convertible Mark | Mozambican Metical |
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Bosnia-Herzegovina Convertible Mark
The Bosnia-Herzegovina Convertible Mark (BAM) is the official currency of Bosnia and Herzegovina, used for everyday transactions and financial exchanges within the country.
History/Origin
Introduced in 1998, the BAM replaced the Bosnia and Herzegovina dinar following the country's monetary reform and stabilization efforts after the Bosnian War. It is pegged to the Euro at a fixed rate, ensuring stability.
Current Use
The BAM is widely used throughout Bosnia and Herzegovina for all forms of payment, including cash, banking, and electronic transactions. It remains the country's official currency and is managed by the Central Bank of Bosnia and Herzegovina.
Mozambican Metical
The Mozambican Metical (MZN) is the official currency of Mozambique, used for all monetary transactions within the country.
History/Origin
The Metical was introduced in 1980, replacing the Mozambique Escudo, to stabilize the economy and modernize the monetary system. It has undergone several redenominations and reforms since its inception.
Current Use
The Metical is actively used as Mozambique's primary currency for everyday transactions, banking, and trade. It is issued and regulated by the Bank of Mozambique.