Currencies/Mauritian rupee

Introduction

The Mauritian Rupee (MUR) is the official currency of Mauritius. It is subdivided into 100 cents and is issued by the Bank of Mauritius. The rupee has served as the national currency since 1877, replacing older systems used during British colonial administration.

History

The rupee was introduced on 15 September 1877 when Mauritius adopted a decimal currency system. Before this change, the island used the British pound and older local units such as the maund. With decimalisation, the structure became

1 Rupee = 100 Cents

The rupee was initially linked to the British pound but gradually shifted into an independent monetary system. After the establishment of the Bank of Mauritius in 1967, the country gained full control over its monetary policy. By the 1970s, Mauritius operated fully under its own currency authority. Further reforms during the late 20th century modernised the currency, which remains in use today.

Coins

Coins denominated in rupees and cents were introduced after 1877. Over time, smaller cent denominations disappeared due to inflation, while rupee-denominated coins became more common. Modern circulation mostly includes rupee-value coins, which are used daily for small and medium transactions across the island.

Banknotes

Mauritian banknotes are issued by the Bank of Mauritius in several rupee denominations. Designs highlight national figures, cultural elements, and symbols of Mauritius. Multiple redesigns have enhanced security and modernised the currency’s appearance as part of the country’s ongoing monetary development.

Currency

Mauritius follows the decimal currency structure

1 Rupee = 100 Cents

The rupee is used for all commercial, financial, and governmental operations in Mauritius. The Bank of Mauritius manages issuance, circulation, and monetary stability.

Legacy

The Mauritian Rupee represents the country’s evolution from colonial monetary dependence to independent financial identity. It remains a central element of national economic life and continues to adapt to changing economic conditions.