Mauritanian Ouguiya

Mauritanian Ouguiya

Mauritanian Ouguiya overview

The ouguiya (sign: UM; Arabic: أوقية‎; currency code: MRU), also spelled "ougiya", is the currency of Mauritania. Each ouguiya constitutes five khoums (singular and plural in English, Arabic: خمس‎, meaning "one fifth"). As such it is one of two circulating currencies, along with the Malagasy ariary, whose division units are not based on a power of ten. The current ouguiya was introduced in 2018, replacing the old ouguiya at a rate of 1 new ouguiya = 10 old ouguiya, which in turn replaced the CFA franc at a rate of 1 old ouguiya = 5 francs. The name "Ouguiya" (أوقية) is the Hassaniya Arabic pronunciation of "Awqiyyah" (أُوقِية), meaning "ounce".

1 MRO to USD exchange rates chart

MRO to  exchange rates chart

Mauritanian Ouguiya news

Reform in the Sahel: Mars, Mauritius or Mauritania? | Daily Maverick

Plans are afoot to extract more value and better integrate fishing into the Mauritanian economy. Doing so will require a break from the past – including making considerable investment in infrastructure, implanting a new set of policies, and ensuring a new way of doing things. The sector is a key test for a country which could, if it walks its own talk, become a regional exemplar. By GREG MILLS.

about 2 years conditional positive

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