The Central Bank of Mauritania has issued its new ouguiya currency, consisting of newly denominated banknotes that have dropped a zero from its value.
The new polymer banknotes began circulating in Mauritania yesterday, on the 1 January 2018.
The launch of the new currency follows an announcement made last November by President Mohamed Ould Abdel Aziz, who reportedly advised of the change in the currency’s structure whereby ten old ouguiyas would become one new ouguiya.
As of yesterday, the new banknote denominations consist of 50, 100, 200, 500 and 1,000 ouguiyas. The Central Bank will withdraw the previous banknote series during the first six months of 2018.
Updates with further information and imagery to follow.
Central Bank of Mauritania website