Mauritania has had its own unique currency, the ouguiya (MRU), since 1973. Prior to 1973, the country used the CFA Franc, as most countries in the region still do. Due to a currency change in 2018, money is perhaps one of the most confusing things for travelers in Mauritania.
What is the ouguiya?
The ouguiya was first introduced as Mauritania’s currency in 1973. The name ouguiya comes from the Hassiniyyah Arabic version of uqiyyah , meaning ounce , and initially referred to the price of one ounce of gold.
Changing the currency
In 2018 there was a switch from the old ouguiya (MRO) to the new ouguiya (MRU), in which a zero was removed from the old currency, making the exchange 10 old UM (MRO) to 1 new UM (MRU). This can be confusing for travelers as many restaurants and shops still have old prices listed, though this is phasing out. When in doubt, you can ask if it is the old price or the new price. Generally, most Mauritanians are quite honest and helpful when it comes to this question.
Notes in Circulation
Banknotes are issued in denominations of 20, 50, 100, 200, 500, and 1000 UM. The new banknotes are polymer.
Coins in Circulation
Coins are issued in denominations of 1 khoum (1/5 ouguiya), 1, 2, 5, 10, and 20 UM.
Are There ATMs?
ATMs are rare and often will not work. It is best to bring cash in USD, EUR, or CFA Francs to be exchanged, as most shops and restaurants will not accept credit cards. You can often exchange at your hotel or easily find a currency exchange in Nouakchott.
Exchange Rate
As of late 2024, 1 USD is equivalent to approximately 40 MUR, and 1 EUR is worth about 42 MUR.
Prices
Prices in markets are not as low as you might think, as many items are imported. A dinner will cost you anywhere from around $3 USD-$10 USD. When purchasing souvenirs from markets or wandering vendors, do not be afraid to haggle. There will often be an inflated price for tourists, and you will not offend anyone by bartering as long as you remain friendly and keep things fair. The desert provides the perfect canvas for negotiating in the sand by writing out prices with your finger!
