West African Franc in Mauritian Rupee

XOF West African Franc

Country of application:
Benin, Burkina Faso, Cote dIvoire, Guinea-Bissau, Mali, Niger, Senegal, Togo

Coin denominations in circulation:
1, 5, 10, 25, 50, 100, 200, 250, 500 CFA francs.

Denominations of banknotes in circulation:
500, 1000, 2000, 5000, 10,000 CFA francs.

History reference:
The CFA franc was introduced as the single currency of the French territories of West and Central Africa on December 26, 1945. By this time, the Franc Zone (an alliance created on the basis of former... French colonies) existed for about four years and was considered a voluntary association of participating countries. At first, the common currency was the French franc, but after the adoption of a decree in 1945, the CFA franc was introduced into circulation. The currency ratio was as follows: 1 CFA franc = 1.70 French francs. On November 20, 1963, Togo officially joined the Monetary Union. Mauritania leaves the Monetary Union in 1973. In the middle of 1984, Mali returned to the union. On January 10, 1994, after lengthy meetings, an agreement was reached in Dakar on the transformation of the West African Monetary Union into the West African Economic and Monetary Union, to which, on May 2, 1997, the Republic of Guinea-Bissau joined, replacing the significantly depreciated peso in circulation on its territory Guinea-Bissau to CFA franc BCEAO.

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.