There were about 25,000 old meticais to the US dollar: now there are 25 new meticais to the dollar. The most striking aspect of the new notes is that they all bear the portrait of the man who led ...

At current exchange rates, there are about 25,000 old meticais, and hence 25 "new family" meticais, to the US dollar. The governor of the Bank of Mozambique, Adriano Maleiane, unveiled the new ...

(Bloomberg) -- Mozambique is considering restructuring its public debt after the government lost about 42 billion meticais ($664 million) of revenue in post-election unrest, the country’s new ...