|
Meticais
The metical (; plural: ) is the currency of Mozambique, abbreviated with the symbol ''MZN'' or ''MT''. It is nominally divided into 100 centavos. The name ''metical'' comes from Arabic ('' mithqāl''), a unit of weight and an alternative name for the gold dinar coin that was used throughout much of Africa until the 19th century. History First metical The metical () replaced the ''escudo'' at par on 16 June 1980. It was divided into 100 ''centavos''. The metical underwent severe inflation. After the revaluation of the Romanian leu on 1 July 2005, the metical briefly became the least valued currency unit, at a value of about 24,500 meticais per USD, until the Zimbabwean dollar took the title in late August 2005. Second metical On 1 July 2006, Mozambique redenominated the metical at a rate of 1000:1. The new ISO 4217 code is . New coins and banknotes were introduced on 1 July 2006, and the transitional period during which both old and new meticais could be used lasted unti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mozambique
Mozambique, officially the Republic of Mozambique, is a country located in Southeast Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi and Zambia to the northwest, Zimbabwe to the west, and Eswatini and South Africa to the south and southwest. The sovereign state is separated from the Comoros, Mayotte, and Madagascar by the Mozambique Channel to the east. The capital and largest city is Maputo. Between the 7th and 11th centuries, a series of Swahili port towns developed on that area, which contributed to the development of a distinct Swahili culture and dialect. In the late medieval period, these towns were frequented by traders from Somalia, Ethiopia, Egypt, Arabia, Persia, and India. The voyage of Vasco da Gama in 1498 marked the arrival of the Portuguese Empire, Portuguese, who began a gradual process of colonisation and settlement in 1505. After over four centuries of Portuguese Mozambique, Portuguese rule, Mozambique Mozambican War of Indepen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Mozambique
The economy of Mozambique is $14.396 billion by gross domestic product as of 2018, and has developed since the end of the Mozambican Civil War (1977–1992). In 1987, the government embarked on a series of macroeconomic reforms designed to stabilize the economy. These steps, combined with donor assistance and political stability since the multi-party elections in 1994, led to dramatic improvements in the country's growth rate. Inflation was low during the late 1990s, although it rose again in 2000–2002. Fiscal reforms, including the introduction of a value-added tax and reform of the customs service, have improved the government's revenue collection abilities. In spite of these gains, Mozambique remains dependent upon foreign assistance for much of its annual budget. Subsistence agriculture continues to employ the vast majority of the country's workforce. A substantial trade imbalance persists. However, the opening of the Mozal aluminium smelter, the country's largest foreig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Centavo
The centavo (Spanish language, Spanish and Portuguese language, Portuguese 'one hundredth') is a fractional monetary unit that represents one hundredth of a basic monetary unit in many countries around the world. The term comes from Latin ''centum'' (), with the added suffix ''-avo'' ('portion'). Coins of various denominations of centavos have been made from copper, stainless steel, aluminum-bronze, and silver. Circulating Places that currently use the centavo include: *Argentine peso *Bolivian boliviano *Brazilian real *Cape Verdean escudo *Colombian peso *Cuban peso *Dominican peso *East Timorese centavo coins *Ecuadorian centavo coins *Guatemalan quetzal *Honduran lempira *Macanese pataca#Coins, Macanese avos *Mexican peso *Mozambican metical *Nicaraguan córdoba *Philippine peso (''In English usage; céntimo, ''sentimo'' or ''céntimo'' is used in Tagalog language, Tagalog and Spanish language, Spanish respectively.'') File:50 Centavos (Philippines).jpg, 50 Philippine cent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bi-metallic Coins
Bi-metallic coins are coins consisting of two ('' bi-'') metals or alloys, generally arranged with an outer ring around a contrasting center. Common circulating examples include the €1, €2, United Kingdom £1 and £2, Canadian $2, South Africa R5, Egyptian £1, Turkish 1 lira and 50 kurus, Indian ₹10 and ₹20, Indonesian Rp1,000, Polish 2 and 5 zł, Czech 50 Kč, Hungarian 100 and 200 Ft, Bulgarian 1 and 2 lv., Hong Kong $10, Argentine $1 and $2, Brazilian R$1, Chilean $100 and $500, Colombian $500 and $1000, Peruvian S/2 and S/5, Albanian 100 Lekë, Thai 10 baht and all Mexican coins of $1 or higher denomination. For a more complete list, see List of bi-metallic coins. History Bi-metallic coins and medals have been issued for a long time. The Roman Empire issued special-occasion, large medallions with a center of bronze or copper and an outer ring of orichalcum, starting with the reign of Hadrian. Meanwhile, circulating bi-metallic coins are know ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currencies Introduced In 1980
A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance; i.e., legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term ''currency'' appear in the respective synonymous articles: banknote, coin, and money. This article uses ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Samora Machel
Samora Moisés Machel (29 September 1933 – 19 October 1986) was a Mozambique, Mozambican politician and revolutionary. A Socialism, socialist in the tradition of Marxism–Leninism, he served as the first President of Mozambique from the country's independence in 1975 until his death in a 1986 Mozambican Tupolev Tu-134 crash, plane crash in 1986. Early life Machel was born in the village of Madragoa (today's Chilembene), Gaza Province, Mozambique, to a family of farmers. His grandfather had been an active collaborator of Gungunhana. Under Portuguese Mozambique, Portuguese rule, his father, like most Black Mozambicans, was classified as "indígena" (native). He was forced to accept lower prices for his crops than White farmers; compelled to grow labour-intensive cotton, which took time away from the food crops needed for his family; and forbidden to brand his mark on his cattle to prevent thievery. However, Machel's father was a successful farmer: he owned four plows and 400 he ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
De La Rue
De La Rue plc (, ) is a British company headquartered in Basingstoke, England, that produces secure digital and physical protections for goods, trade, and identities in 140 countries. It sells to governments, central banks, and businesses. Its authentication division provides government revenue technology, brand protection, and ID security, such as polycarbonate data pages for passports. Its currency division designs and produces banknotes, secure polymer substrate and banknote security features. This includes security holograms, security threads and security printed products for central banks and currency issuing authorities. It is listed on the London Stock Exchange. It is the world's largest commercial printer of banknotes. In April 2025, the company agreed a £263 million takeover by Atlas Holdings, which is subject to shareholder and regulatory approval and set to be completed in the third quarter of 2025. History The company was founded by Thomas de la Rue, who ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco De Moçambique
The Bank of Mozambique () is the central bank of Mozambique. The bank does not function as a commercial bank, and has the responsibility of governing the monetary policies of the country. The president of the Republic appoints the governor. The bank is situated in the capital, Maputo, and has two branches, one in Beira and one in Nampula. The Bank of Mozambique is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion. History Most of Mozambique was a Portuguese overseas territory for several centuries. After independence in 1975, the newly created Government of Mozambique took over, without compensation, the Mozambican operations of Banco Nacional Ultramarino, a Portuguese colonial bank that had been acting as the bank of issue for the colony. This became the nucleus of Bank of Mozambique. In 1977 the government also nationalized almost all banks in the country, including the Casa Bancária de Moçambique, and the Mozambican ope ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ISO 4217
ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individual currencies and their minor units. This data is published in three tables: * Table A.1 – ''Current currency & funds code list'' * Table A.2 – ''Current funds codes'' * Table A.3 – ''List of codes for historic denominations of currencies & funds'' The first edition of ISO 4217 was published in 1978. The tables, history and ongoing discussion are maintained by SIX Group on behalf of ISO and the Swiss Association for Standardization. The ISO 4217 code list is used in banking and business globally. In many countries, the ISO 4217 alpha codes for the more common currencies are so well known publicly that exchange rates published in newspapers or posted in banks use only these to delineate the currencies, inste ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currency
A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance; i.e., legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term ''currency'' appear in the respective synonymous articles: banknote, coin, and money. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zimbabwean Dollar
The Zimbabwean dollar (sign: $, or Z$ to distinguish it from other dollar-denominated currencies) was the name of four official currencies of Zimbabwe from 1980 to 12 April 2009. During this time, it was subject to periods of extreme inflation, followed by a period of hyperinflation. The Zimbabwean dollar was introduced in 1980 to directly replace the Rhodesian dollar (which had been introduced in 1970) at par (1:1), at a similar value to the US dollar. In the 20th century the dollar functioned as a normal currency, but in the early 21st century hyperinflation in Zimbabwe reduced the Zimbabwean dollar to one of the lowest valued currency units in the world. It was redenominated three times (in 2006, 2008 and 2009), with denominations up to a $100 trillion banknote issued. The final redenomination produced the "fourth dollar" (ZWL), which was worth 1025 ZWD (first dollars). Use of the Zimbabwean dollar as an official currency was effectively abandoned on 12 April 2009. It ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
