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,
Foreign relations of the Central African Republic under formation), and the Central Bank of Central African States (BEAC). Standardization of tax, customs, and security arrangements between the Central African states is a major foreign policy objective of the C.A.R. Government. The C.A.R. is a participant in the Community of Sahel-Saharan States (CEN-SAD), and the African Union (AU). Other multilateral organizations—including the World Bank, International Monetary Fund, United Nations agencies, European Union, and the African Development Bank—and bilateral donors—including Germany, Japan, the European Union, and the United States—are significant development partners for the C.A.R. Nineteen countries have resident diplomatic representatives in Bangui, and the C.A.R. maintains approximately the