About the Mauritanian Ouguiya
The current Mauritanian Ouguiya (MRU) was introduced in 2018, replacing the old Ouguiya (MRO) at a rate of 10:1. This redenomination was aimed at strengthening the national currency and combating counterfeiting.
The name 'Ouguiya' is a local term for 'ounce'.
Interesting Facts
One of Two Non-Decimal Currencies
The Mauritanian Ouguiya is one of only two currencies in the world (the other being the Malagasy Ariary) that is not decimalized. One Ouguiya equals five Khoums.
Rich in Iron Ore
Mauritania's economy is largely driven by its vast iron ore reserves, which are a major export and influence the value of the Ouguiya.
Redenomination of 2018
The 2018 redenomination saw a new series of coins and banknotes, effectively removing a zero from the currency's value (1 MRU = 10 MRO).
Historical Timeline
The first Ouguiya (MRO) is introduced, replacing the CFA franc.
The second and current Ouguiya (MRU) is introduced.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- MRU
- Symbol
- UM
- Numeric Code
- 929
- Subunit
- Khoums (1/5)
- Introduced
- 2018-01-01
Central Bank
- Name
- Central Bank of Mauritania
- Headquarters
- Nouakchott, Mauritania
- Founded
- 1973
- Current Governor
- Mohamed Lemine Dhehby (since 2020)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 10.0%
- Interest Rate
- 6.50%
Exchange Rates
What Affects the MRU Exchange Rate?
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