Converting from Mauritania Ougulya (MRO) to Mauritanian Ouguiya (MRU)

What is Mauritania Ougulya (MRO)

The Mauritania Ougulya (MRO) was the official currency of Mauritania prior to its redenomination in 2018. It was subdivided into 5 khoums, making it a decimal currency. The Ougulya was first introduced in 1973, and for many years it served as the primary medium of exchange in the country. Over time, however, the value of the Ougulya faced significant inflation, which led to increased difficulties in everyday transactions.

Due to the decreasing purchasing power of the MRO, the government of Mauritania decided to undertake a currency reform. The redenomination aimed to simplify transactions and restore public confidence in the national currency. In 2018, the Mauritania Ougulya was officially replaced by the Mauritanian ouguiya (MRU) at a conversion rate of 1 MRU = 10 MRO. This means that for every ten Mauritania Ougulya, an individual would receive one Mauritanian ouguiya.

What is Mauritanian Ouguiya (MRU)

The Mauritanian ouguiya (MRU) is the current official currency of Mauritania, introduced on January 1, 2018. The ouguiya is also subdivided into 5 khoums, similar to its predecessor, the Ougulya. The introduction of MRU was a significant step in stabilizing the Mauritanian economy and reviving the value of the national currency.

The ouguiya's design reflects Mauritania's rich cultural heritage, featuring symbols significant to the country's history and wildlife. It is crucial for conducting trade, purchasing goods, and receiving wages throughout the nation. The implementation of the ouguiya also aimed to ensure a smoother transactional process, offering the people of Mauritania a currency that could better meet their daily needs.

When converting between MRO and MRU, it’s essential to remember the established conversion rate of 1 MRU = 10 MRO. This ratio ensures that you can easily calculate how many ouguiya you would have based on your previous amount in Ougulya. For example, if you had 100 MRO before the redenomination, you would now have 10 MRU. The conversion is straightforward, but it’s important for people to stay informed about their finances during such transitions.

Transitioning from Mauritania Ougulya to Mauritanian ouguiya represents not just a change in currency but a significant economic development for the country. By adopting a strengthened national currency, Mauritania strives towards sustainable financial growth and enhanced economic stability for its citizens.