The 1 centavo occupies an awkward place in Mozambican monetary life — the country's persistent inflation has made sub-unit denominations functionally useless in everyday transactions for years, yet the Banco de Moçambique continues periodic issue runs, largely to satisfy legal tender completeness requirements. At 1/100 of the metical, it buys nothing.
The 1 centavo occupies an awkward place in Mozambican monetary life — the country's persistent inflation has made sub-unit denominations functionally useless in everyday transactions for years, yet the Banco de Moçambique continues periodic issue runs, largely to satisfy legal tender completeness requirements. At 1/100 of the metical, it buys nothing.