| Local Name1: | Metical moçambicano |
| Local Name Lang1: | pt |
| Iso Code: | MZN |
| Inflation Rate: | 10.3% [1] |
| Inflation Source Date: | 2023 est. |
| Subunit Name 1: | centavo |
| Plural: | meticais |
| Symbol: | MT, MTn |
| Frequently Used Coins: | 1, 2, 5, 10 meticais |
| Rarely Used Coins: | 1, 5, 10, 20, 50 centavos (discontinued, still legal tender) |
| Used Banknotes: | 20, 50, 100, 200, 500, 1000 meticais |
The metical (; plural: Portuguese: meticais) 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 Arabic: مثقال (mithqāl),[2] a unit of weight and an alternative name for the gold dinar coin that was used throughout much of Africa until the 19th century.
The metical replaced the escudo at par on 16 June 1980.[3] [4] 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.
On 1 July 2006, Mozambique redenominated the metical at a rate of 1000:1. The new ISO 4217 code is . New coins and banknotes were introduced on 1 July 2006, and the transitional period during which both old and new meticais could be used lasted until 31 December 2006. During the conversion, the new currency was locally abbreviated as MTn, but has since largely returned to MT.
Old meticais were redeemed by the Bank of Mozambique for a period of six years, until 31 December 2012.
In 1980, coins were introduced in denominations of 50 centavos, 1,, 5, 10 and 20 meticais. The 50 centavos, and 5 meticais were minted in aluminium, with the 1 metical in brass and the 10 and 20 meticais in cupro-nickel. In 1986, aluminium 1, 10, 20 and 50 meticais were introduced. A new coinage issued in 1994 was composed of 1, 5, 10, 20, 50, 100, 500 and 1000 meticais, with the lower four denominations in brass clad steel and the higher denominations in nickel clad steel. 5000 meticais coins were introduced in 1998, followed by 10,000 meticais in 2003.
From 1 July 2006, coins were issued in denominations of 1, 5, 10, 20, 50 centavos and 1, 2, 5, 10 meticais.
from June 2024 new coins will circulate withe new images and the removal of the 5 and 20 centavos coins https://clubofmozambique.com/news/mozambique-puts-new-banknotes-and-coins-into-circulation-as-from-june-16-258432/#:~:text=Mozambique%20puts%20new%20banknotes%20and%20coins%20into%20circulation%2C%20as%20from%20June%2016,-8%3A07%20CAT&text=Mozambique%20will%20introduce%20a%20new,bank%20governor%20announced%20on%20Friday.
| Coins of the Mozambican metical (2006 "Banco de Moçambique" series) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Value | Technical parameters | Description | Date of issue | |||||
| Diameter | Mass | Composition | Edge | Obverse | Reverse | |||
| 1 centavo | 15 mm | 2 grams | Copper-plated steel | Reeded | Rhinoceros | Logo of the Banco de Moçambique | 2006 | |
| 5 centavos | 19 mm | 2.3 grams | Copper-plated steel | Reeded | Leopard | Logo of the Banco de Moçambique | 2006 | |
| 10 centavos | 17 mm | 3.06 grams | Brass-plated steel | Reeded | Farm tractor | Logo of the Banco de Moçambique | 2006 | |
| 20 centavos | 19.5 mm | 4.1 grams | Brass-plated steel | Reeded | Cotton plant | Logo of the Banco de Moçambique | 2006 | |
| 50 centavos | 23 mm | 5.74 grams | Brass-plated steel | Reeded | Kingfisher bird | Logo of the Banco de Moçambique | 2006 | |
| 1 metical | 21 mm | 5.3 grams | Nickel-plated steel | Plain (seven-sided sections) | Female student (representing the allegory of education) | Logo of the Banco de Moçambique | 2006 | |
| 2 meticais | 24 mm | 6 grams | Nickel-plated steel | Segmented reeding | Fish | Logo of the Banco de Moçambique | 2006 | |
| 5 meticais | 27 mm | 6.5 grams | Nickel-plated steel | Reeded | Xylophone | Logo of the Banco de Moçambique | 2006 | |
| 10 meticais | 24.92 mm | 7.51 grams | Bi-metallic coin consisting of a Nickel-plated steel center plug with a brass outer ring | Reeded | Headquarters of the Banco de Moçambique | Logo of the Banco de Moçambique | 2006 | |
| 1 centavo | 17 mm | 2 g | copper plated steel | reeded | Logo of the Banco de Moçambique | 2024 | |
| 10 centavos | 20 mm | 3 g | brass plated steel | reeded | boat | 2024 | |
| 50 centavos | 21 mm | 3.6 g | nickel plated steel | reeded | palm trees | 2024 | |
| 1 metical | 21 mm | 5.3 g | nickel plated steel | plain (seven- sided sections) | education | 2024 | |
| 2 meticais | 24 mm | 6 g | nickel plated steel | segmented reeding | shrimp | 2024 | |
| 5 meticais | 27 mm | 6.5 g | nickel plated steel | reeded | xylophone | 2024 | |
| 10 meticais | 25 mm | 7.5 g | Bi-metallic coin consisting of a Nickel-plated steel center plug with a brass outer ring | reeded | Headquarters of the Banco de Moçambique | 2024 |
The First Metical had three issues of notes as follows:i. In 1980 (16 June 1980), notes were introduced in denominations of 50, 100, 500 and 1,000 meticais.ii The same notes and denominations were reissued in 1983 (16 June 1983) with the new state logo, 5,000 meticais notes were introduced in 1989 (3 February 1989).iii. In 1991 (16 June 1991) 500, 1,000, 5,000, and 10,000 notes were issued followed by 50,000 and 100,000 meticais in 1993 (16 June 1993), 20,000 meticais in 1999 (16 June 1999) and 200,000 and 500,000 meticais in 2003 (16 June 2003).
From 1 July 2006, new banknotes were issued in denominations of 20, 50, 100, 200, 500, and 1000 meticais.[5] On 1 October 2011, Banco de Moçambique has issued a new family of banknotes that are similar to the 2006 series, but with enhanced security features. The three smaller denominations are now printed on polymer while the higher denominations remain printed on paper. The higher denominated metical banknotes are printed by De La Rue.[6] [7] [8] [9]
| Banknotes of the Mozambican metical (16 June 2006 "Samora Machel" Issue) | ||||
|---|---|---|---|---|
| Image | Value | Obverse | Reverse | Watermark |
| 20 meticais | Samora Moisés Machel | Rhinoceros | Samora Moisés Machel | |
| 50 meticais | Samora Moisés Machel | Kudus | Samora Moisés Machel | |
| 100 meticais | Samora Moisés Machel | Giraffes | Samora Moisés Machel | |
| 200 meticais | Samora Moisés Machel | Lions | Samora Moisés Machel | |
| 500 meticais | Samora Moisés Machel | Buffaloes | Samora Moisés Machel | |
| http://banknote.ws/COLLECTION/countries/AFR/MOZ/MOZ0148.htm | 1000 meticais | Samora Moisés Machel | Elephants | Samora Moisés Machel |
| Banknotes of the Mozambican metical (16 June 2011 "Samora Machel" Issue) | ||||
|---|---|---|---|---|
| Image | Value | Obverse | Reverse | Watermark |
| http://banknote.ws/COLLECTION/countries/AFR/MOZ/MOZ0149.htm | 20 meticais | Samora Moisés Machel | Rhinoceros | Samora Moisés Machel |
| http://banknote.ws/COLLECTION/countries/AFR/MOZ/MOZ0150.htm | 50 meticais | Samora Moisés Machel | Kudus | Samora Moisés Machel |
| http://banknote.ws/COLLECTION/countries/AFR/MOZ/MOZ0151.htm | 100 meticais | Samora Moisés Machel | Giraffes | Samora Moisés Machel |
| http://banknote.ws/COLLECTION/countries/AFR/MOZ/MOZ0152.htm | 200 meticais | Samora Moisés Machel | Lions | Samora Moisés Machel |
| http://banknote.ws/COLLECTION/countries/AFR/MOZ/MOZ0153.htm | 500 meticais | Samora Moisés Machel | Buffaloes | Samora Moisés Machel |
| http://banknote.ws/COLLECTION/countries/AFR/MOZ/MOZ0154.htm | 1000 meticais | Samora Moisés Machel | Elephants | Samora Moisés Machel |
| 20 meticais | Samora Moisés Machel | stick figures; plant, tree, mountains; bird on branch | ||
| 50 meticais | Samora Moisés Machel | stick figures; wildlife; antelope | ||
| 100 meticais | Samora Moisés Machel | stick figures; baskets of vegetables and fruit | ||
| 200 meticais | Samora Moisés Machel | stick figures; reclining lioness with cubs and standing lion | ||
| 500 meticais | Samora Moisés Machel | stick figures; sail boats | ||
| 1000 meticais | Samora Moisés Machel | stick figures; five elephants walking in field with trees behind |