Mozambican metical Mozambican metical The metical (plural: "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 ("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. The metical (MZM) 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, the metical briefly became the least valued currency unit, at a value of about
Uruguay and the International Monetary Fund Uruguay and the International Monetary Fund The relationship between Uruguay and the International Monetary Fund (IMF) began when Uruguay joined the IMF The IMF is an international organization founded in 1944 as part of the Bretton Woods Conference. Its primary purpose is to increase financial stability in member countries, with financial means ranging from loans to credit offers. Uruguay is a country in South America. It is a member of the IMF. The economy of Uruguay is diverse, with 7.5% of Gross domestic product (GDP) originating from agriculture, 10% from tourism and 20.6% from industry. As of 2017, Uruguay had