Time Period: 1973-2017

Currency: 1st Mauritanian Ouguiya


Timeline

  • 30.05.1973
  • Law [No. 73-118] on the establishment of a central bank and introduction of a national currency; effective upon constitution of the bank on 28.06.1973
  • 29.06.1973
  • Start of currency exchange:
    - 29.06.1973: Start of issuance of the new banknotes and coins
    - 15.07.1973: Demonetization of the West African currency
    - Note: The subsidiary coin of ⅕ Ouguiya (in Arabic "Khoums") is frequently mis-interpreted as currency sub-unit.

Valuation Regimes

  • 1973-1974
  • Fixed rate against French Franc (1958)
  • 1974-2017
  • Variable rate

Rate Arrangements

  • 28.06.1973
  • Fixed
  • French Franc (1958) at 1 : 10
  • ±0.0%
  • 21.01.1974
  • Variable
  • initially: French Franc (1958) at 1 : 10
  • ±0.0%


Time Period: 2018-

Currency: 2nd Mauritanian Ouguiya


Timeline

  • 28.11.2017
  • Presidential resolution on the currency redenomination; effective 01.01.2018
  • 01.01.2018
  • Start of currency exchange:
    - 01.01.2018: Start of issuance of the new banknotes and coins
    - 30.06.2018: Demonetization of the former currency.

Valuation Regimes

  • 2018-
  • Variable rate

Rate Arrangements

  • 01.01.2018
  • Variable
  • initially: US Dollar at 1 : 35.385
  • ±0.0%


End-year Forex Rates (Units per US Dollar)