Mozambican metical 24,500 meticais per USD, until the Zimbabwean dollar took the title in late August 2005. On July 1, 2006, Mozambique redenominated the metical at a rate of 1000:1. The new ISO 4217 code is MZN. 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 until December 31, 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 December 31,
Mexico and the International Monetary Fund Mexico and the International Monetary Fund Mexico became a member of the International Monetary Fund on December 31, 1945, four days after the official establishment of the IMF. Since 1945, it has reached 8.912 billion special drawing rights (SDRs), which is 1.87% of the total amount of SDRs for the IMF. The governor is José Antonio Meade Kuribreña, and the country holds 90,591 votes. Two financial arrangements were approved for 47.292 billion SDR each year in 2012 and 2014. The latest financial agreement was approved on May 26, 2016, with 62.3889 billion SDRs approved. This financial arrangement with the IMF