Convert Mozambican Metical to Qatari Rial
Please provide values below to convert Mozambican Metical [MZN] to Qatari Rial [QAR], or Convert Qatari Rial to Mozambican Metical.
How to Convert Mozambican Metical to Qatari Rial
1 MZN = 17.4786538461538 QAR
Example: convert 15 MZN to QAR:
15 MZN = 15 × 17.4786538461538 QAR = 262.179807692308 QAR
Mozambican Metical to Qatari Rial 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.
Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.