Historic Mauritanian ouguiya Qatari Rial

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.

01/01/2021: Launch of a digital currency pilot program

Qatar announced the launch of a pilot program to test the use of a digital currency as part of its efforts to introduce blockchain technology in the financial sector.

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.

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.

05/06/2017: Qatar diplomatic crisis affects the currency

Following the diplomatic crisis and blockade imposed by neighboring countries, the Qatari rial faced volatility and depreciated against major currencies.

27/05/2015: Qatari rial pegged to a basket of currencies

The Qatari rial's peg was diversified to include a basket of currencies, reducing its dependence on the US dollar.

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.

08/06/2001: Creation of the Qatar Central Bank

The Qatar Central Bank was established to replace the Qatar Currency Board and assume the responsibility of regulating the Qatari rial.

27/07/1997: Qatar Currency Board established

The Qatar Currency Board was established to regulate the issuance and circulation of the Qatari rial and maintain its stability.

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.

27/03/1976: Currency pegged to the US Dollar

The Qatari rial was pegged to the US dollar at a fixed exchange rate of 1 USD = 3.64 QAR to stabilize its value and promote trade.

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.

24/06/1973: Introduction of Qatari Rial

Qatar officially introduced the Qatari rial as its currency, replacing the Gulf rupee at a rate of 1 rial = 1.65 rupees.