Following a currency reform in Mozambique, 1,000 coins of the country’s currency, the metical, will be worth one metical.
The metical, worth about $0.04, will essentially lose three digits from its calculated value, making the country’s largest banknote for 500,000 meticais become 500 meticais.
But for the next six months, both old and new forms of the currency will remain legal tender, the country says.
The reform comes as a result of an effort to make the country’s means of payment fall inline with the state of its economy.