Convert Jersey Pound to Mozambican Metical
Please provide values below to convert Jersey Pound [JEP] to Mozambican Metical [MZN], or Convert Mozambican Metical to Jersey Pound.
How to Convert Jersey Pound to Mozambican Metical
1 JEP = 0.0116358572387355 MZN
Example: convert 15 JEP to MZN:
15 JEP = 15 × 0.0116358572387355 MZN = 0.174537858581032 MZN
Jersey Pound to Mozambican Metical Conversion Table
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Jersey Pound
The Jersey Pound (JEP) is the official currency of Jersey, a British Crown Dependency, used for everyday transactions and financial purposes within the island.
History/Origin
The Jersey Pound was introduced in 1961, replacing the British Pound Sterling in Jersey, and has since been pegged to the British Pound at par, maintaining its value and stability as a local currency.
Current Use
Today, the Jersey Pound is widely used for all local transactions, with banknotes and coins issued specifically for Jersey, and it is accepted alongside the British Pound Sterling within the island.
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.