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Metical
(redirected from meticais)

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Metical
The currency of Mozambique. It was introduced in 1980, replacing the Mozambican escudo. It suffered from hyperinflation for most of its history and was, for a time, the least valuable currency in the world. Inflation has slowed since the introduction of the second metical in 2006, but has remained over 10%.


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With the US dollar and rands, even with the few meticais I get, I know I can save for a week and buy something," she told AFP.
5m meticais ($500,000) have been imposed on the perpetrators but this seems a relatively modest punishment given the value of the timber and the fact that 210 containers of the timber will be returned to the exporters once their fines have been paid.
 
 
 
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