Mauritanian ouguiya
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| ISO 4217 Code | MRO |
| User(s) | Mauritania |
| Inflation | 7% |
| Source | The World Factbook, 2003 est. |
| Subunit | |
| 1/5 | khoums |
| Symbol | UM |
| Coins | |
| Freq. used | 5, 10, 20 ouguiya |
| Rarely used | 1 khoums, 1 ouguiya |
| Banknotes | 100, 200, 500, 1000, 2000 ouguiya |
| Central bank | Banque Centrale de Mauritanie |
| Website | www.bcm.mr |
| Printer | Giesecke & Devrient |
| Website | www.gi-de.com |
- MRO is also the acronym for the Mars Reconnaissance Orbiter
The ouguiya (Arabic: أوقية; currency code: MRO) is the currency of Mauritania. It is the only circulating currency other than the Madagascan 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, meaning "one fifth").
The ouguiya was introduced in 1973, replacing the CFA franc at a rate of 1 ouguiya = 5 francs.
Contents |
[edit] Coins
- 1 khoums (not found in circulation)
- 1 ouguiya (rarely found in circulation)
- 5 ouguiya
- 10 ouguiya
- 20 ouguiya
Coins of 1⁄5 ouguiya (1 khoums) to 20 ouguiya were issued starting 1973, with the 1⁄5 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.
[edit] Banknotes
- 100 ouguiya
- 200 ouguiya
- 500 ouguiya
- 1000 ouguiya
- 2000 ouguiya
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.
[edit] Numismatic information
Within Nouakchott, the nation's capital, most coins are in fine to very fine condition; banknotes of 100 and 200 ouguiya tend to be in poor to fair condition, larger denominations are in fine to extremely fine condition.
The Central Bank is unhelpful in providing new condition coins and banknotes. Some interest in setting up a numismatic program exists, however.
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