Convert Peruvian Nuevo Sol to Mozambican Metical
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Mozambican Metical [MZN], or Convert Mozambican Metical to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Mozambican Metical
1 PEN = 0.0559190724007148 MZN
Example: convert 15 PEN to MZN:
15 PEN = 15 × 0.0559190724007148 MZN = 0.838786086010723 MZN
Peruvian Nuevo Sol to Mozambican Metical Conversion Table
| Peruvian Nuevo Sol | Mozambican Metical |
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Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.
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.