Mozambique Money

Money

The currency of Mozambique is the Metical (plural: Meticais, pronounced 'meta-caysh', abbreviation: Mts.). Prices are often given verbally with the thousands dropped, e.g., Mts 150,000 would be 'one hundred fifty'. From March 2006 all prices have to be displayed in both Meticais (old currency - Mt) and Neuvo Meticais (new currency - Mtn). The practical effect of this is to just divide everything by 1000. From the end of June 2006 the new banknotes and coins will start being issued, and the old currency will cease to be legal tender at the end of December 2006. However you can exchange old currency for new at any bank up to the end of December 2012.