Mauritanian Ouguiyas (MRU)

The Mauritanian Ouguiya (MRU) is the official currency of Mauritania, a country located in West Africa. It is issued and regulated by the Central Bank of Mauritania.

The Mauritanian Ouguiya is used as both paper currency and coins in circulation within the local economy of Mauritania. The currency is divided into smaller units called khoums, with 1 Ouguiya equal to 5 khoums. Paper notes are available in denominations of 100, 200, 500, 1,000, and 2,000 Ouguiyas, while coins are available in denominations of 1, 5, 10, 20, and 50 khoums.

The MRU is primarily used for local trade, purchasing goods and services, salary payments, and other financial transactions within Mauritania. It may also be used for international trade involving Mauritania.

The value of the Mauritanian Ouguiya can fluctuate based on exchange rates. Factors such as the economic situation of Mauritania, trade balance, and other factors can cause fluctuations in the value of the MRU.

The usage of Mauritanian Ouguiya outside of Mauritania is limited, and it is mostly exchanged in foreign exchange bureaus or banks by tourists traveling to Mauritania.

In summary, the Mauritanian Ouguiya (MRU) is the official currency of Mauritania. It is used as both paper currency and coins within the local economy and for international trade. The value of the MRU can fluctuate based on exchange rates.