The currency of Mozambique is the new Metical (Meticais Nova Família, MZN), plural meticais (Mts, pronounced 'meta-caysh'), divided into 100 centavos. As of January 2010, one US Dollar is worth about 29.9 meticais, one Euro is worth about 42.2 meticais, and one GB Pound is worth about 48.7 meticais.
Three zeroes were dropped from the currency in 2006. Old currency can be exchanged at banks up to the end of December 2012. People will occasionally still refer to the old currency, so if someone asks for "1 million", they generally mean one thousand new meticais.
Note that many businesses in the tourist centers are run by South Africans and prices are often quoted in Rand (for which the usual abbreviation is ZAR). In this guide we've also quoted in Rand when applicable.
US$, ZAR, British pounds and Euros are freely convertible at commercial rates at any bank or exchange. Other currencies such as Canadian or Australian dollars or Japanese Yen, are not accepted anywhere, even at official banks and exchanges.
There is very little black market currency exchange, since the commercial exchanges offer the best market rate. You cannot exchange meticais outside Mozambique, but you can convert them back at exchanges prior to leaving the country. Also you cannot buy meticais outside Moçambique.
ATMs are present throughout the country; Standard, Millennium, ProCredit and Barclays are the brands you are most likely to run in to. Standard accepts Visa & Mastercard, Millennium accept all international cards including Maestro/Cirrus cards while Barclays doesn't seem to accept any cards with great regularity. ATMs will only dispense 3,000Mts at one time (although you can insert your card again to withdraw more).
Everything in Mozambique that does not have a price attached can be bargained down to whatever you consider a reasonable price to be. Remember that while laughing when they give you an insane price is perfectly OK you should not get outwardly angry or hostile, you will be unlikely to get a reasonable price if you do. If in doubt about what a fair price is ask your hotel.
No one in Mozambique, including often backpacker lodges, have change. The 1000Mzn and 500Mzn are almost impossible to use day to day so change them down in to more manageable notes in any bank. The one exception to this rule is chapa drivers, if you find yourself running low on small bills pay for your 15Mzn fare with a 100Mzn note.
The Most Frequently Asked Travel Questions about Mozambique
Where To Stay & Best Hotels in Mozambique - updated Apr 2024
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Mozambique Travel Guide from Wikitravel. Many thanks to all Wikitravel contributors. Text is available under Creative Commons Attribution-ShareAlike 3.0, images are available under various licenses, see each image for details.
