Convert Mozambican Metical to Cambodian Riel
Please provide values below to convert Mozambican Metical [MZN] to Cambodian Riel [KHR], or Convert Cambodian Riel to Mozambican Metical.
How to Convert Mozambican Metical to Cambodian Riel
1 MZN = 0.0158460205049856 KHR
Example: convert 15 MZN to KHR:
15 MZN = 15 × 0.0158460205049856 KHR = 0.237690307574784 KHR
Mozambican Metical to Cambodian Riel 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.
Cambodian Riel
The Cambodian Riel (KHR) is the official currency of Cambodia, used for everyday transactions and priced in the local economy.
History/Origin
The Riel was introduced in 1953, replacing the French Indochinese piastre, and has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the Riel is primarily used domestically for most transactions, alongside the US dollar, which is also widely accepted in Cambodia.