500 000 Meticais

By 2003, Mozambique's metical had suffered decades of inflation severe enough to require denominations in the hundreds of thousands. This note was part of the final series before the 2006 redenomination, which replaced 1,000 old meticais with one new metical — effectively erasing three zeros and retiring notes like this one from circulation entirely.

De La Rue's involvement brought OVD security to a currency that had previously relied on far more modest anti-counterfeiting measures. The print run of just over twelve million is relatively modest for a high-denomination inflationary note, suggesting the redenomination was already in planning when this issue was authorized.