One metical for gold and silver was equal to 59.7 grains. The escudo was replaced by the metical in 1980 at par. In Tripoli, metical (73.6 grains) wnuas to measure gold and silver. One metical (metsquat) was equal to about 0.0047 kg. In the 2006 currency reform, 1 new metical was exchanged for 1,000 old meticais. The higher denominated metical banknotes are printed by De La Rue. "Metical" ceased publication in December 2001. On July 1, 2006, Mozambique redenominated the metical at a rate of 1000&colon;1. The metical (MZM) replaced the "escudo" at par on 16 June 1980.