Time Period: 1723-1810 - French colony of Mascarenes

Timeline

  • 01.05.1723
  • Rating of the Spanish Dollar (8 Spanish Real in silver) at 3 Mascarenes "Colonial Livres" (= 60 Sols)
  • 01.05.1723
  • Ordinance on the import of copper coins of 2, 1 Sol (from Pondichery mint)
    - 18.12.1723: Ordinance on the immediate ban of the Pondicherry coinage.
  • 08.02.1739
  • Rating of foreign coins:
    - Spanish Dollar (8 Spanish Real in silver) at 3⅗ Mascarenes Livres (= 72 Sols)
    - South Indian Pagoda (Gold) at 1¼ Mascarenes Livres (= 25 Sols)
    - South Indian Fanam (Silber) at 4½ Mascarenes Sols.
  • ??.??.1764
  • Issuance of paper money by the French East India Society
    - 14.06.1764: Ordinance on the demonetization of the French East India Society paper money
  • ??.12.1766
  • Rating of the Spanish Dollar (8 Spanish Real in silver) at 5310 Mascarenes Livres (= 106 Sols)
  • 1766-1793
  • Issuance of (increasingly inflationary) paper money by the colonial government:
    - ??.12.1766: Issuance of paper money of 3, 2, 1, ½ Mascarenes Livres
    - ??.07.1768: Issuance of paper money of 24, 12, 6, 3 Mascarenes Livres
    - ??.09.1771: Issuance of paper money of 500, 100, 20, 6 Mascarenes Livres
    - 10.06.1788: Issuance of paper money of 1'000 - 2½ Mascarenes Livres
    - 28.07.1790: Issuance of paper money of 10'000, 1'000 Mascarenes Livres
    - 11.04.1793: Further issuance of paper money
  • 05.11.1771
  • Rating of the Spanish Dollar (8 Spanish Real in silver) at 6 Mascarenes Livres (= 120 Sols)
  • 1779-1781
  • Issuance of subsidiary coins:
    xx.08.1779: First issue of a coin of 3 Mascarenes Sols
    - xx.03.1781: First issue of a coin of 3 Mascarenes Sols.
  • xx.03.1781
  • Rating of the Spanish Dollar (8 Spanish Real in silver) at 10 Mascarenes Livres (= 200 Sols)
  • 10.11.1781
  • Rating of the Spanish Dollar (8 Spanish Real in silver) at 525 French Livres for all colonies
  • around 1808
  • Demonetization of the inflationary paper money at a rate of 10'000 Mascarenes Livres = 5 French Livres (in silver)
  • 08.03.1810
  • Ordinance [No. 211] (by Governor Charles M.I. DeCaen) on a currency reform and introduction of a 2nd Mascarenes "Colonial Livre" in the bimetallic standard (AU : AG = 16.188); effective immediately but not implemented due to the British occupation:
    - Rate: 1 Mascarenes Livre (1810) = 2'000 Mascarenes Livres (1723, paper)
    - Gold: 3647 Pistols of 40 Livres to the Paris mark gold 20 carats (Livre = 137.81mg AU fine)
    - Silver: 917 Piastres of 10 Livres to the Paris mark silver 10 deniers (Livre = 2'230.82mg AG fine).
    - Only a few pieces of the Piastre of 10 Livres in silver, later called "DeCaen Piastre", could be produced and issued.


Time Period: 1810-1876 - British colony

Timeline

  • 06.12.1810
  • Rating of British Indian coins against the Spanish Dollar (8 Spanish Real in silver):
    Silver: 1 Spanish Dollar = 2 Sicca Rupees (Bengal Presidency) = 2⅕ Arcot Rupees (Madras Presidency) zu 1 Dollar
    - Gold: Sicca Mohur (Bengal Presidency) = 9 Spanish Dollars; Surat Mohar (Bombay Presidency) = 7½ Spanish Dollar
  • 01.07.1813
  • Issuance of government paper money, denominated in "Crown" = Spanish Dollar = 10 Mascarenes Livres (1810)
    - 25.06.1821: Ordinance on the demonetization of the 1813 paper money; effective 24.12.1824.
  • 19.03.1822
  • Issuance of subsidiary coins denominated 50, 25 Sols (= 2½, 1¼ Mascarenes Livre), rated at ¼, ⅛ Spanish Dollar
    - ??.??.1831: Demonetization and withdrawal of the 1822 subsidiary coins
    - 04.08.1831: Re-issuance of the withdrawn 1822 subsidiary coins with a new rating of 0.40, 0.20 "Colonial Dollars"
  • 24.09.1822
  • Issuance of colonial silver coins (for general use) at ¼, ⅛, 116 Dollars (referred to as "anchor coinage" after the coin image)
  • 10.12.1824
  • Governor's resolution on the creation of an accounting unit Mauritian "Colonial Dollar" with ratings:
    Sicca Rupee (Bengal) = 0.50 Mauritian Dollar; Rupee (Madras, Bombay) = 0.47 Mauritian Dollar
    - Spanish Dollar = 1.08 Mauritian Dollar; "DeCaen-Piastre" = 0.98 Mauritian Dollar
    - 5 French Francs (silver) = 0.99 Mauritian Dollar
    Sicca Mohur (Bengal) = 8 Mauritian Dollars; Mohur (Madras, Bombay) = 7 Mauritian Dollars
    British Sovereign = 5 Mauritian Dollars
    - 20 French Francs (gold) = 4 Mauritian Dollars
  • 25.11.1825
  • Proclamation [No. 3] of a British ordinance [Order in Council, dated 23.03.1825] introducing British silver and copper coins at a rate of Spanish Dollar = 52 Pence Sterling, translated as "Colonial Dollar" = 48 Pence Sterling; effective immediately
  • 1843-1870
  • Proclamations regulating the usage of coinage in Mauritius:
    - 01.02.1843: Admitted Indian, Spanish, and French silver coins for payments
    - 18.10.1852: Admitted all British coinage for payments
    - 22.10.1856: Admitted Australian gold coins from Sydney mint for payments; same coins from Melbourne mint were admitted on 07.08.1869
    - 19.07.1870: Revocation of legal tender status of Frnch 2, 1 Francs in silver.
  • 28.08.1849
  • Ordinance [No. 6] on the establishment of a currency commission for Mauritus; effective upon constitution of the commission on 01.09.1849


Time Period: 1877-

Currency: Mauritian Rupee


Timeline

  • 25.11.1876
  • Ordinance [No. 28], proclaiming a British Order in Council dated 12.08.1876, on the creation of a distinct currency; effective 01.01.1877
  • 01.01.1877
  • Start of currency exchange:
    - 01.01.1877: Start of issuance of the new banknotes and coins
    - 31.12.1877: Demonetization of the former and foreign currencies, except for Indian coinage
    - 31.07.1920: Ordinance [No. 30], admitted Indian paper money for payments; effective immediately.
  • 29.03.1934
  • Ordinance [No. 11?] on the transformation of the Currency Commission into the Mauritius Currency Board and the separation of the Mauritian and Indian currencies; effective upon constitution of the board on 01.04.1934:
    - 26.11.1938: Ordinance [No. 39] on the demonetization of the Indian paper money and coins; effective 31.12.1938
  • 28.09.1966
  • Ordinance [Bank of Mauritius, No. 43] on the establishment of the central bank; effective upon the constitution of the bank on 14.08.1967

Valuation Regimes

  • 1877-1934
  • Fixed rate against Indian Rupee
  • 1934-1976
  • Fixed rate against British Pound
  • 1976-1983
  • Fixed rate against IMF Special Drawing Rights (SDR) unit
  • 1983-
  • Variable rate

Rate Arrangements

  • 01.01.1877
  • Fixed
  • Indian Rupee at 1 : 1
  • -
  • 01.04.1934
  • Fixed
  • British Pound at 1 : 13⅓
  • ±0.0%
  • 05.01.1976
  • Fixed
  • SDR at 1 : 7.714
  • ±0.0%
  • 23.10.1979
  • Fixed
  • SDR at 1 : 10
  • -22.9%
  • 27.09.1981
  • Fixed
  • SDR at 1 : 12
  • -16.7%
  • 28.02.1983
  • Variable
  • initially: SDR at 1 : 12
  • ±0.0%


End-year Forex Rates (Units per US Dollar)