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Mozambican Metica
The metica (plural ''meticas'') was a proposed currency for Mozambique. It was divided into 100 centimos. Coins were produced dated 1975 and banknotes dated 1976. However, these were not put into circulation and the escudo continued to circulate until 1980, when the metical The metical (; plural: ) is the currency of Mozambique, abbreviated with the symbol ''MZN'' or ''MT''. It is nominally divided into 100 centavos. The name ''metical'' comes from Arabic ('' mithqāl''), a unit of weight and an alternative name fo ... was introduced. Currencies of Africa History of Mozambique Currencies of Mozambique {{Mozambique-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mozambique
Mozambique (), officially the Republic of Mozambique ( pt, Moçambique or , ; ny, Mozambiki; sw, Msumbiji; ts, Muzambhiki), is a country located in southeastern Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi and Zambia to the northwest, Zimbabwe to the west, and Eswatini and South Africa to the southwest. The sovereign state is separated from the Comoros, Mayotte and Madagascar by the Mozambique Channel to the east. The capital and largest city is Maputo. Notably Northern Mozambique lies within the monsoon trade winds of the Indian Ocean and is frequentely affected by disruptive weather. Between the 7th and 11th centuries, a series of Swahili port towns developed on that area, which contributed to the development of a distinct Swahili culture and language. In the late medieval period, these towns were frequented by traders from Somalia, Ethiopia, Egypt, Arabia, Persia, and India. The voyage of Vasco da Gama in 1498 marked the arrival of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Céntimo
The céntimo (in Spanish-speaking countries) or cêntimo (in Portuguese-speaking countries) was a currency unit of Spain, Portugal and their former colonies. The word derived from the Latin meaning "hundredth part". The main Spanish currency, before the euro, was the peseta which was divided into 100 céntimos. In Portugal it was the real and later the escudo, until it was also replaced by the euro. In the European community ''cent'' is the official name for one hundredth of a euro. However, both ''céntimo'' (in Spanish) and ''cêntimo'' (in Portuguese) are commonly used to describe the euro cent. Current use Céntimo or cêntimo is one-hundredth of the following basic monetary units: Portuguese cêntimo * Angolan kwanza * São Tomé and Príncipe dobra Spanish céntimo * Costa Rican colón (but as centavo between 1917 and 1920) * Paraguayan guaraní * Peruvian sol * Philippine peso (as ''séntimo'' in Filipino, as centavo in English) * Venezuelan bolívar Obsolete Portug ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mozambican Escudo
The escudo was the currency of Mozambique from 1914 until 1980. It was subdivided into 100 ''centavos''. History The escudo replaced the real at a rate of 1 escudo = 1000 réis. It was equal in value to the Portuguese escudo until 1977. Initially, Mozambique had its own paper money but used Portuguese coins. Only in 1935 were coins issued specifically for use in Mozambique. In 1975, the metica was proposed as a replacement for the escudo, but it was not used. The escudo was replaced by the metical in 1980 at par. Coins Between 1935 and 1936, coins for 10, 20 and 50 centavos, 1, , 5 and 10 escudos, with the , 5 and 10 escudos in silver. In 1952, silver 20 escudos were issued. Between 1968 and 1971, base metal coins replaced the silver 5, 10 and 20 escudos. The last coins were issued in 1974. Banknotes In 1914, provisional issues for 100 and 1000 escudos were introduced, alongside regular issues for 10, 20 and 50 centavos, by the Banco Nacional Ultramarino. Emergency issues of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mozambican Metical
The metical (; plural: ) is the currency of Mozambique, abbreviated with the symbol ''MZN'' or ''MT''. It is nominally divided into 100 centavos. The name ''metical'' comes from Arabic ('' mithqāl''), a unit of weight and an alternative name for the gold dinar coin that was used throughout much of Africa until the 19th century. History First metical The metical () replaced the ''escudo'' at par on 16 June 1980. It was divided into 100 ''centavos''. The metical underwent severe inflation. After the revaluation of the Romanian leu 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 Zimbabwean dollar took the title in late August 2005. Second metical On July 1, 2006, Mozambique redenominated the metical at a rate of 1000:1. The new ISO 4217 code is . New coins and banknotes were introduced on July 1, 2006, and the transitional period during which both old and new meticais could be used lasted unt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currencies Of Africa
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "curre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Mozambique
Mozambique was a Portuguese colony, overseas province and later a member state of Portugal. It gained independence from Portugal in 1975. Pre-colonial history Prehistoric Mozambique In 2007 Julio Mercader, of the University of Calgary, recovered dozens of 100,000-year-old stone tools from a deep limestone cave ( Ngalue) near Lake Niassa in Mozambique showing that wild sorghum, the ancestor of the chief cereal consumed today in sub-Saharan Africa for flours, bread, porridges, and alcoholic beverages, was being consumed by ''Homo sapiens'' along with African wine palm, the false banana, pigeon peas, wild oranges, and the African "potato." This is the earliest direct evidence of humans using pre-domesticated cereals anywhere in the world. The first inhabitants of what is now Mozambique were the San hunters and gatherers, ancestors of the Khoisani peoples. Between the 1st and 5th centuries AD, waves of Bantu-speaking peoples migrated from the north through the Zambezi River valley an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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