Mozambique redenominated its currency in 2006, replacing the old metical at a rate of 1,000 to one — effectively erasing three zeros from a unit battered by decades of civil war inflation. The 50 centavos occupies the lowest practical tier of that reformed system.
Mozambique redenominated its currency in 2006, replacing the old metical at a rate of 1,000 to one — effectively erasing three zeros from a unit battered by decades of civil war inflation. The 50 centavos occupies the lowest practical tier of that reformed system.