Convert Mozambican Metical to Uruguayan Peso
Please provide values below to convert Mozambican Metical [MZN] to Uruguayan Peso [UYU], or Convert Uruguayan Peso to Mozambican Metical.
How to Convert Mozambican Metical to Uruguayan Peso
1 MZN = 1.57872103901002 UYU
Example: convert 15 MZN to UYU:
15 MZN = 15 × 1.57872103901002 UYU = 23.6808155851503 UYU
Mozambican Metical to Uruguayan Peso 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.
Uruguayan Peso
The Uruguayan Peso (UYU) is the official currency of Uruguay, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 to replace the Uruguayan Peso Moneda Nacional, the UYU has undergone various redenominations and monetary reforms to stabilize the economy and control inflation.
Current Use
The UYU is widely used in Uruguay for everyday transactions, banking, and trade, and is also accepted in some border regions of neighboring countries.