05 October 2011

Mozambique introduced new banknotes on 01 Oct 2011

The Southern African country of Mozambique has introduced new banknotes on 01 October 2011. The new 20, 50 and 100 meticais notes are made of a synthetic material (polymer) suitable for humid conditions, while the higher value and less frequented banknotes (200, 500 and 1,000 meticais) are still produced on paper. The new banknotes are similar in design to the existing series (from 2006), but with enhanced security features.
The "old" notes, introduced in 2006, remain valid. Only the even "older" ones, which were already replaced in 2006, cannot be used anymore, but can be be redeemed at the Bank of Mozambique until the end of 2012.

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