The Bank of Mozambique announced this Sunday, 16 June, the introduction of a new series of metical banknotes and coins, which will circulate alongside those issued since 1 July 2006, revealed Lusa.
“Central banks tend to revise their banknotes and coins in circulation every five years, so that they adapt to new trends in design, security and other contextual elements,” explained the BoM governor at a press conference, justifying the decision: “the institution decided to revise the metical banknotes and coins.”
Rogério Zandamela emphasised that “the theme of the 2024 series of metical notes and coins preserves the tradition of praising the values of our cultural, historical and wildlife heritage”.
“The new series, called 2024, was launched on Metical Day and maintains the current six bank notes. The 1000, 500 and 200 metical denominations are on paper substrate, and the 100, 50 and 20 metical denominations on polymer substrate,” explained Zandamela.
As for the coins, the 20 and five cent denominations will be discontinued, with the ten, five, two and one metical denominations remaining, as well as the 50, ten and one cent denominations.
“The new metical banknotes and coins will circulate at the same time as the series of banknotes and coins issued since 1 July 2006, which also continue to have compulsory legal tender status and full and unlimited release power within national territory,” said the governor.
