The metical is the official currency of Mozambican since 1980, when it replaced the escudo. The name is derived from the Arabic word “mithqal,” an alternative name for the gold dinar coin. The first metical notes were introduced in denominations of 50, 100, 500 and 1000 meticais, followed by 5,000 meticais in 1989, 10,000 meticais in 1991, 50,000 and 100,000 meticais in 1993, 20,000 meticais in 1999, and 200,000 and 500,000 meticais in 2003. In 2006, Banco de Moçambique (Bank of Mozambique) introduced a new series of banknotes in denominations of 20, 50, 100, 200, 500, and 1000 meticais.
The 500 Mozambican meticais note front design features Samora Moisés Machel (1933 – 1986), was a Mozambican and socialist military commander and political leader in the tradition of Marxism-Leninism, who served as the first president of Mozambique. The logo of the “Banco de Moçambique” (Bank of Mozambique) and a background with different geometric patterns of African culture complete this side of the note. The reverse of the note illustrates three African buffalos on an African savanna landscape. Both sides of the note present the lettering in the Portuguese language. This note is part of the 2011 – 2017 series, and its color is violet and multicolor.
Text: Banco de Moçambique, Samora Moisés Machel, Primeira Presidente de Moçambique, O Governador, A Falsificaçāo da Moeda e Punida nos Termos da Lei, 14 de Junho de 2017, Quinhentos Meticais, 500.