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Home > Africa > Mozambique > Money

Mozambique Metical (MZN) = 100 centavos. Notes are in denominations of 1000, 500, 200, 100, 50 and 20. Coins are in denominations of 10, 5, 2 and 1 metical and 50, 20, 10, 5 and 1 centavos. Note: The new Metical replaced the old Metical (MZM) on 1 July 2006. 1 MZN = 1000 MZM. The old notes will continue to be legal tender until 31 December 2006.
There are bureaux de change at the airports. Money can also be changed at banks. It is advisable to take US Dollars or South African Rand.
These are rarely used in shops. However, money can be obtained from some ATMs using Visa credit or debit cards.
High rates of commission are often charged on these. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in Pounds Sterling, US Dollars or South African Rand.
The import and export of local currency is prohibited. The import of foreign currency is unlimited, subject to declaration. The export of foreign currency is limited to the amount declared on import.
Mon-Fri 0730-1530.
DateJul 06
£1.00=MZN49.18
$1.00=MZM27.03
 
 
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