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500 000 Meticais
| Issuer | República de Moçambique |
|---|---|
| Year | 2003 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Old metical (1980-2006) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Protection type | Watermark, Optically variable device |
| Protection description | Banco de Moçambique logo with initials "BM" above and denomination below; Optically variable device: gold patch at right of obverse with repeated "BM" initials in shifting colours |
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| Comments |
By 2003, Mozambique's metical had suffered decades of inflation severe enough to require denominations in the hundreds of thousands. This note was part of the final series before the 2006 redenomination, which replaced 1,000 old meticais with one new metical — effectively erasing three zeros and retiring notes like this one from circulation entirely.
De La Rue's involvement brought OVD security to a currency that had previously relied on far more modest anti-counterfeiting measures. The print run of just over twelve million is relatively modest for a high-denomination inflationary note, suggesting the redenomination was already in planning when this issue was authorized.