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
History of the African Union economic development among the majority of African states. The member states are mounting efforts to collaborate economically, but are impeded by civil wars raging in parts of Africa. The stated goals of the organization include the creation of free trade areas, customs unions, a single market, a central bank, and a common currency thus establishing an economic and monetary union. The only African state that is an UN member, but not a member of the African Union is Morocco, which unilaterally withdrew from the AU's predecessor, the Organization of African Unity (OAU), in 1984, when many of the other member