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
South Korea and the International Monetary Fund South Korea and the International Monetary Fund South Korea has grown to become the 14th largest economy of the world and has joined financial institutions of the world as the country grew. From joining the International Monetary Fund (IMF), South Korea was able to solve its financial crisis in 1997, but the costs from IMF's conditions in its loans has affected the nation's citizens with cut in programs, unemployment, and slow growth. South Korea has now created a safety net with other Asian nations, so that a financial crisis will not happen again. South Korea joined the International Monetary Fund