Mozambique, a country located in southeastern Africa, uses the Mozambican Metical (MZN) as its official currency. The basic unit of currency for Mozambique is the Metical, which is further divided into 100 centavos.

Introduced in 1980, the Metical replaced the previous currency, the Mozambican escudo, at a rate of 1 Metical to 1,000 escudos. The Metical is commonly denoted by the symbol "MT" or "MZN". The currency is issued and regulated by the Bank of Mozambique, the country's central bank.

The Metical is available in both coin and banknote form. Coins are available in denominations of 1, 2, 5, 10, 20, 50 centavos, as well as 1, 2, 5, and 10 meticais. Banknotes are issued in denominations of 20, 50, 100, 200, 500, and 1,000 meticais. The currency features various designs, including national symbols, historical figures, and landmarks, representing the rich cultural heritage of Mozambique.

When visiting Mozambique, it is important to have the local currency on hand for day-to-day transactions. While major credit cards may be accepted in larger establishments and hotels, it is advisable to carry cash for smaller businesses and rural areas where electronic payment methods may not be widely available.

Foreign currency can be exchanged at banks, authorized exchange offices, and some hotels. It is recommended to exchange currency at official establishments to ensure fair rates and avoid counterfeit notes. ATMs are also available in major cities, providing a convenient way to withdraw local currency using international debit or credit cards.

As with any currency, exchange rates for the Metical can fluctuate. It is advisable to check the current rates before converting your money to ensure you get the best value for your foreign currency.

In conclusion, the basic unit of currency for Mozambique is the Metical (MZN), divided into 100 centavos. It is important for travelers to have the local currency on hand for day-to-day transactions and to exchange foreign currency at authorized establishments to ensure fair rates. Whether exploring the vibrant capital city of Maputo or the stunning beaches of Vilankulo, having the right currency is essential for a smooth and enjoyable trip to Mozambique.

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