Mozambique Hyperinflation Banknotes


500,000 Meticais 2003 (issued 2004)

500,000 Meticais 2003 (issued 2004) front
500,000 Meticais 2003 (issued 2004) back
Courtesy Thomas Augustsson.

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Mozambique was one of the world's poorest countries when it became independent in 1975. Mismanagement and a brutal civil war from 1977-92 led to continued inflation. The highest denomination in 1976 was 100 Meticais. By 2004, it was 500,000 Meticais. In the 2006 currency reform, 1 new Metica was exchanged for 1,000 old Meticais.




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