Convert Mozambican Metical to Algerian Dinar
Please provide values below to convert Mozambican Metical [MZN] to Algerian Dinar [DZD], or Convert Algerian Dinar to Mozambican Metical.
How to Convert Mozambican Metical to Algerian Dinar
1 MZN = 0.489398919545942 DZD
Example: convert 15 MZN to DZD:
15 MZN = 15 × 0.489398919545942 DZD = 7.34098379318912 DZD
Mozambican Metical to Algerian Dinar Conversion Table
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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.
Algerian Dinar
The Algerian Dinar (DZD) is the official currency of Algeria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Algerian Dinar was introduced in 1964, replacing the Algerian franc after independence, and has undergone several reforms to stabilize the economy and control inflation.
Current Use
Today, the Dinar remains the official currency of Algeria, used in all financial transactions, banking, and commerce across the country.