The metical is the currency

Currency

In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...

  of Mozambique

Mozambique

Mozambique, officially the Republic of Mozambique , is a country in southeastern Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi and Zambia to the northwest, Zimbabwe to the west and Swaziland and South Africa to the southwest...

, abbreviated with the symbol MZN or MTn. It is nominally divided into 100 centavos.
The metical (MZM) replaced the escudo

Mozambican escudo

The escudo was the currency of Mozambique from 1914 until 1980. It was subdivided into 100 centavos.-History:The escudo replaced the real at a rate of 1 escudo = 1000 réis. It was equal in value to the Portuguese escudo until 1977. Initially, Mozambique had its own paper money but used Portuguese...

in 1980 at par. It was divided into 100 centavo

Centavo

Centavo is a Spanish and Portuguese word, derived from the Latin centum, meaning "one hundred", and the suffix -avo, meaning "portion" or "fraction"...

s. The metical underwent severe inflation

Inflation

In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time.When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation also reflects an erosion in the purchasing power of money – a...

. After the revaluation of the Romanian leu

Romanian leu

The leu is the currency of Romania. It is subdivided into 100 bani . The name of the currency means "lion". On 1 July 2005, Romania underwent a currency reform, switching from the previous leu to a new leu . 1 RON is equal to 10,000 ROL...

, the metical briefly became the least valued currency unit

Least valued currency unit

The least valued currency unit is the currency in which a single unit buys the least number of any given other currency or the smallest amount of a given good. Most commonly, the calculation is made against a major reserve currency such as the United States dollar or the euro...

, at a value of about 24,500 meticais per USD, until the Zimbabwean dollar

Zimbabwean dollar

The Zimbabwean dollar was the official currency of Zimbabwe from 1980 to 12 April 2009....

 took the title in late August 2005.
On July 1, 2006, Mozambique redenominated the metical at a rate of 1000:1.