Day 7

The smallest coin so far from the calendar today. The tiny coin hails from the southern African country of Mozambique.

This one centavo coin features the main logo of the central bank of Mozambique on the obverse, whilst on the reverse is a engraving of a rhinoceros standing between the value of the coin.

Gaining it’s independence from Portugal in 1975, Mozambique would finally replace the Portuguese escudo in 1980 with their own currency, the metical. Mozambique would continue to use the metical until the early 2000’s when severe inflation would hit the currency. When the Romanian leu was re-evaluated on the 1st July 2005, the metical would become the least valued currency in the world. However, it would not last long, as a month later Zimbabwean dollar would far outstrip it by late August that year.

In 2006, Mozambique forced itself to re-evaluate it’s currency, and the new redenominated coins were issued from July that year.