The ouguiya (Arabic: أوقية; currency code: MRO) is the currency of Mauritania. It is the only circulating currency other than the Malagasy ariary whose division units are not based on a power of ten, each ouguiya being comprised of five khoums (singular and plural in English; Arabic: خمس).
The ouguiya was introduced in 1973, replacing the CFA franc at a rate of 1 ouguiya = 5 francs.
Coins of ouguiya (1 khoums) to 20 ouguiya were issued starting 1973, with the ouguiya only issued in that year. The most recent issue was the 2003 1 ouguiya and 2004 for the other denominations. Coins are minted at the Kremnica Mint in Slovakia.
Banknotes have been printed by Giesecke & Devrient in Munich starting with the second issue. New banknotes were introduced in 2004 to upgrade security features. They include all the same denominations but with a new 2000 ouguiya banknote.
The Central Bank is unhelpful in providing new condition coins and banknotes. Some interest in setting up a numismatic program exists, however.
Circulating currencies | Economy of Mauritania
أوقية موريتانية | Ouguiya | Ouguiya | Ouguiya | Ouguiya | ウギア | Ouguiya | Ouguiya
This article is licensed under the GNU Free Documentation License.
It uses material from the
"Mauritanian ouguiya".
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