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Monetary policy: Mauritania plans to change some banknotes and currencies

13/06/2023
Categories: Economy/Forex

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The Central Bank of Mauritania is considering changing or cancelling certain banknotes and coins. The decision will be taken after the BCM governor returns from a visit to Germany. German companies are the main contractors for printing Mauritanian ouguiya notes

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In 2017, Mauritania devalued the Ouguiya currency by 42% against the dollar and the euro under pressure from the International Monetary Fund (IMF), due to the volume of debt exceeding the domestic production of Mauritanian crude.

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