Convert Namibian Dollar to Mozambican Metical
Please provide values below to convert Namibian Dollar [NAD] to Mozambican Metical [MZN], or Convert Mozambican Metical to Namibian Dollar.
How to Convert Namibian Dollar to Mozambican Metical
1 NAD = 0.276109162982162 MZN
Example: convert 15 NAD to MZN:
15 NAD = 15 × 0.276109162982162 MZN = 4.14163744473243 MZN
Namibian Dollar to Mozambican Metical Conversion Table
| Namibian Dollar | Mozambican Metical |
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Namibian Dollar
The Namibian Dollar (NAD) is the official currency of Namibia, used for all monetary transactions within the country.
History/Origin
Introduced in 1993, replacing the South African Rand at par, the Namibian Dollar was established to establish a distinct national currency following independence from South Africa.
Current Use
The NAD is widely used in Namibia for everyday transactions, banking, and trade, and is pegged at par with the South African Rand, which is also accepted in Namibia.
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.