The metical (MZM) replaced the at par on 16 June 1980. It was divided into 100 . The metical underwent severe . After the revaluation of the 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 took the title in late August 2005. On 1 July 2006, Mozambique redenominated the metical at a rate of 1000:1. The new c. [pdf]
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