On July 1, 2006 Mozambique officially introduced the second metical, dropping three zeros off the old currency. As a result, all prices you see in this article, or else where on the internet that are in thousands should be converted down by a factor of 1,000. As a result Mts. 10,000 would now be MZN 10. The local abbreviation for the new currency is MTn. As of January 1, 2007 only the Bank of Mozambique will convert the old currency, but only until December 31, 2013.