- Mauritanian ouguiya
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- MRO is also the acronym for the Mars Reconnaissance Orbiter
Mauritanian ouguiya أوقية موريتانية (Arabic) 
Current coins ISO 4217 code MRO User(s) 
MauritaniaInflation 7.3% Source The World Factbook, 2007 est. Subunit 1/5 khoums Symbol UM Coins Freq. used 5, 10, 20, 50 ouguiya[1][2] Rarely used 1 khoums (1/5 Ouguiya), 1 ouguiya Banknotes 100, 200, 500, 1000, 2000, 5000 ouguiya[3] Central bank Banque Centrale de Mauritanie Website www.bcm.mr Printer Giesecke & Devrient Website www.gi-de.com The ouguiya (sign: UM;[4] Arabic: أوقية; currency code: MRO), also spelt "ougiya,"[5] 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 comprising 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
Coins
In 1973, 1⁄5 (1 khoums), 1, 5, 10 and 20 ouguiya coins were introduced. This was the only year that the khoum was minted, as the ouguiya was worth five CFA Francs a khoum was the equivalent of the franc (which had no subdivision). The most recent issues were in 2003 (1 ouguiya) and 2004 (other denominations). Coins are minted at the Kremnica mint in Slovakia. The coinage was slightly changed in 2009, with a reduced 1 ouguiya in plated composition and a bi-metallic 20 ouguiya issued. A bi-metallic 50 ougiya was issued December 2010.
Banknotes
1000 ouguiya of the new series.
In 1973, notes were issued by the Central Bank in denominations of 100, 200 and 1000 ouguiya. In 1974, a second series of notes was issued in the same denominations, with 500 ouguiya notes added in 1979. 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 earlier denominations plus a new 2000 ouguiya note. A new 5,000 oughia was issued in 2010.
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.
Current MRO exchange rates From Google Finance: AUD CAD CHF EUR GBP HKD JPY USD From Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD From OzForex: AUD CAD CHF EUR GBP HKD JPY USD From XE.com: AUD CAD CHF EUR GBP HKD JPY USD From OANDA.com: AUD CAD CHF EUR GBP HKD JPY USD -
Obverse of 1 ouguiya
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Reverse of 1 ouguiya
See also
References
- ^ Pièces, Banque Centrale de Mauritanie
- ^ http://worldcoinnews.blogspot.com/search/label/mauritania
- ^ Billets, Banque Centrale de Mauritanie
- ^ Banque Centrale de Mauritanie. Accessed 25 Feb 2011.
- ^ Oxford Dictionary of English
External links
Currency: Mauritanian ouguiyaBanking Banking · Banque Arabe Africaine en Mauritanie · Banque Arabe Liyenne Mauritaienne pour le Commerce Extérieur · Banque Internationale pour la Mauritanie · Banque Maurienienne Nationale · Banque Mauritanienne pour le Commerce International · Banque Mauritanienne pour le Développement et le Commerce · Banque Mondiale en Mauritanie · Caisse Centrale de Coopération Économique · Chinguitty Bank · Générale de Banques de Mauritanie pour l'Investissement et le Commerce · Union de Banques de DéveloppementCommunications Industries: Currencies of Africa North Algerian dinar · Egyptian pound · Euro (Plazas de soberanía) · Libyan dinar · Mauritanian ouguiya · Moroccan dirham · Sudanese pound · Tunisian dinarCentral East Comorian franc · Djiboutian franc · Eritrean nakfa · Ethiopian birr · Kenyan shilling · Seychellois rupee · Somali shilling · Somaliland shilling (unrecognized) · South Sudanese pound · Tanzanian shilling · Ugandan shillingSouth Botswana pula (Zimbabwe) · British pound sterling (Saint Helena, Zimbabwe) · Euro (French Southern and Antarctic Lands, Mayotte, Réunion, Zimbabwe) · Lesotho loti · Malagasy ariary · Malawian kwacha · Mauritian rupee · Mozambican metical · Namibian dollar · Saint Helena pound · South African rand (Lesotho, Namibia, Swaziland, Zimbabwe) · Swazi lilangeni · U.S. dollar (Zimbabwe) · Zambian kwacha · Zimbabwean dollarWest Mauritania topicsPolitics and law History Geography Economy and infrastructure Culture and society List of Mauritania-related articlesCategories:- Currencies of Africa
- Circulating currencies
- Economy of Mauritania
- 1973 introductions
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