Convert Manx pound to Mozambican Metical
Please provide values below to convert Manx pound [IMP] to Mozambican Metical [MZN], or Convert Mozambican Metical to Manx pound.
How to Convert Manx Pound to Mozambican Metical
1 IMP = 0.0116358572387355 MZN
Example: convert 15 IMP to MZN:
15 IMP = 15 × 0.0116358572387355 MZN = 0.174537858581032 MZN
Manx Pound to Mozambican Metical Conversion Table
| Manx pound | Mozambican Metical |
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Manx Pound
The Manx pound (IMP) is the official currency of the Isle of Man, subdivided into 100 pence, and used as the island's legal tender.
History/Origin
The Manx pound has been in use since the Isle of Man established its own currency system, historically linked to the British pound, with banknotes issued by local banks since the 19th century.
Current Use
Today, the Manx pound is pegged to the British pound at par and is used alongside British currency for everyday transactions and local commerce on the Isle of Man.
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.