01/01/2022: Planned Introduction of New Banknotes
Mauritania plans to introduce a new series of banknotes with modern security features and improved durability to enhance the overall quality and functionality of the currency.
01/07/2020: Replacement of Commemorative Banknote
A new 20,000 MRO commemorative banknote was issued to mark the 60th anniversary of independence, replacing the older version. It showcases significant historical landmarks and figures.
01/10/2018: New Banknotes and Coins
Mauritania introduced a new series of banknotes and coins denominated in Ouguiya, featuring enhanced security features and updated designs to combat counterfeiting.
06/09/2018: Announcement of new dinar notes
The Central Bank of Libya announces the release of new dinar banknotes with enhanced security features to combat counterfeiting.
01/01/2018: Floating of the Ouguiya
The Mauritanian Ouguiya transitioned from a fixed exchange rate regime to a floating exchange rate system. The currency's value is now determined by market forces within a managed float.
28/07/2014: Recognition of rival governments
The Libyan Supreme Court recognizes two rival governments, further fragmenting the country and impacting the value of the dinar.
17/02/2011: Start of the Libyan Civil War
The Libyan Civil War begins, leading to political instability and further devaluation of the Libyan dinar.
01/05/2004: Redenomination of the Ouguiya
The Mauritanian Ouguiya underwent a redenomination, where 1 new MRO was equivalent to 10 old MRO. This measure aimed to simplify transactions and improve economic stability.
07/04/1986: US imposes economic sanctions
The United States imposes economic sanctions on Libya, severely impacting the value and stability of the Libyan dinar.
01/06/1978: Decentralization of Currency Issuance
The Central Bank of Mauritania granted the Banque Centrale de Mauritanie (BCM) the authority to issue and control the Mauritanian Ouguiya, decentralizing currency issuance.
02/03/1978: Establishment of the Central Bank of Libya
The Central Bank of Libya is established, becoming the sole authority responsible for issuing and managing the Libyan dinar.
01/11/1973: Introduction of the Mauritanian Ouguiya
The Mauritanian Ouguiya (MRO) was introduced as the official currency of Mauritania, replacing the CFA franc. It was initially pegged to the French franc at a rate of 1 MRO = 5.5 FRF.
08/09/1971: Introduction of the Libyan dinar
The Libyan pound is replaced by the Libyan dinar, at a rate of 1 dinar = 1 pound.
24/12/1951: Independence of Libya
Libya gains independence from Italy, introducing the Libyan pound as its currency.