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

What is Mauritanian Ouguiya (MRU)

The Mauritanian Ouguiya (MRU) is the official currency of Mauritania. It was introduced in 2018 as part of a significant monetary reform aimed at simplifying the country's currency system. The decision to introduce the MRU was made after a series of economic changes and adjustments to address inflation and promote financial stability. The ouguiya is subdivided into 5 khoums, with coins available in denominations of 1, 5, 10, and 50 ouguiyas.

The use of MRU is critical for daily transactions in Mauritania, whether for purchasing goods, paying for services, or conducting business. Banknotes are issued in various denominations, including 20, 50, 100, 200, 500, and 1,000 MRU. The design of the currency reflects Mauritania's rich cultural heritage, featuring images of local landmarks and significant historical figures. Since its introduction, the MRU has played a vital role in stabilizing the Mauritanian economy and is essential for navigating financial situations in the country.

What is Mauritania Ougulya (MRO)

The Mauritania Ougulya (MRO) was the previous currency of Mauritania before the introduction of the MRU. It was used from 1973 until 2018, during which time it underwent several changes, including a devaluation in the early 2000s. The Ougulya was subdivided into 5 khoums, similar to the current ouguiya. When the MRU was introduced, the conversion rate was set at 1 MRU = 10 MRO, essentially making the new currency worth ten times its predecessor.

This transition aimed to create a more stable currency and to reduce the problems associated with inflation and economic stagnation. While the MRO is no longer an official medium of exchange, it remains a point of reference for many individuals and businesses when discussing financial matters and historical currency values.

To convert from MRU back to MRO, you can use the simple formula:

MRO = MRU × 10

So, if you have 100 MRU, the equivalent in MRO would be:

MRO = 100 × 10 = 1000 MRO

It is essential to stay informed about the ongoing changes regarding currency conversion as economic conditions can fluctuate. Understanding how to convert between these two currencies can be helpful for anyone dealing in financial transactions, especially those engaging with Mauritania's economy. Whether you are a local resident or an international traveler, knowing the difference between MRU and MRO can facilitate smoother business dealings and ensure accurate pricing.