Mauritian Rupee in South African Rand

MUR Mauritian Rupee

Country of application:
Mauritius

Coin denominations in circulation:
1, 5, 20 cents 0.5, 1, 5, 10, 20 rupees

Denominations of banknotes in circulation:
25, 50, 100, 200, 500, 1000, 2000 rupees

History reference:
The Mauritian rupee is the national currency of the Republic of Mauritius. The territory of Mauritius covers the islands of Mauritius, Rodrigues, Agalega and the Cargados-Carajos archipelago, which a...re about 900 kilometers away to the east from the coast of the island of Madagascar. In addition, Mauritius lays claim to a number of islands and archipelagos in the Indian Ocean, which belong to Great Britain and France. Among them, it is worth noting the Chagos archipelago and Tromelin Island (condominium with France). During the colonial period of the existence of Mauritius, the Indian rupee was used as the main means of payment. In 1877, the British colonial authorities introduced the Mauritian rupee, which was divided into pence and shillings. In 1968, the Bank of Mauritius carried out a monetary reform and replaced the old banknotes with new ones. Further inflation processes led to the fact that the Bank of Mauritius was forced to issue banknotes of higher denominations.

ZAR South African Rand

Country of application:
Namibia, South Africa

Coin denominations in circulation:
5, 2, 1 rand, 50, 20, 10, 5 cents.

Denominations of banknotes in circulation:
200, 100, 50, 20 and 10 rand.

History reference:
The name rand (rand) comes from the name of the mountain range, the name of which sounds like the Witwatersrand (in one of the official languages of South Africa, Afrikaans Witwatersrand). This mount...ain range is located in the South African province of Gauteng, which is famous for the largest gold deposits in the country. The South African rand was first introduced into circulation in February 1961, shortly before the founding of the Republic of South Africa. The rand replaced the South African pound at a rate of 2 rand to 1 pound. Up until the early 1970s, the rand was worth about 1.5 rand to the US dollar. However, in the following decades, the rand quickly depreciated, and at the turn of the 21st century and during the Great Recession, it changed significantly. As the political landscape changed in the early 1990s, the rand slowly depreciated to record lows due to uncertainty. The fall was exacerbated when land reform began in 2001. Shortly after the 9/11 attacks, global uncertainty took its toll and the rand plummeted again to 13 rand per US dollar.