Mozambique has its own currency, the meticais, which is the official Mozambique monetary unit. However, there are several synonyms that are used to refer to this monetary unit in different contexts. These synonyms include the Mozambican metical, MZN, and MT. The Mozambican metical is perhaps the most common synonym used to refer to the currency, especially in official government documents, banking, and finance. MZN and MT are commonly used in international currency exchange markets to represent the Mozambique monetary unit. Regardless of the synonym used, the Mozambique meticais remains a vital component of the country's socio-economic development, as it is used to facilitate trade and financial transactions within the country and beyond.