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50 Mauritanian Ouguiya
The ouguiya (sign: UM; Arabic: أوقية; currency code: MRU
(IPA: [uɡija])), at one time spelled “ougiya”, is the currency of Mauritania. Each ouguiya constitutes five khoums (meaning “one fifth”). As such it is one of two circulating currencies, along with the Malagasy ariary, whose division units are not based on a power of ten.
The current ouguiya was introduced in 2018, replacing the old ouguiya at a rate of 1 new ouguiya = 10 old ouguiya, which in turn replaced the CFA franc at a rate of 1 old ouguiya = 5 francs. The name ouguiya (أوقية) is the Hassaniya Arabic pronunciation of uqiyyah أُوقِية), meaning “ounce”.
First Ouguiya – In 1973, coins of 1⁄5 (1 khoums), 1, 2, 5, 10 and 20 ouguiya were introduced into circulation. This was the only year that the khoums was minted, as the ouguiya was worth five CFA Francs a khoums was the equivalent of the franc (which had no subdivision).
Second ouguiya (MRU) – On December 5, 2017, the Central Bank of Mauritania announced a redenomination of its currency at a rate of 1:10. As part of the redenomination, a new series of coins were issued in denominations of 1 khoums (1⁄5 ouguiya), 1, 5, 10 and 20 ouguiya, with the latter being struck as a tri-metallic coin and a new series of banknotes in denominations of 50, 100, 200, 500 and 1,000 ouguiya. The new ouguiya banknotes issued for the redenomination are printed entirely in polymer.
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