MCQ Detailed View

The official currency of Mauritius is the Mauritian Rupee, abbreviated as MUR. The symbol used for the currency is ₨. Like other rupee currencies in South Asia, the Mauritian Rupee is subdivided into 100 cents.

Mauritius, an island nation in the Indian Ocean, introduced its own rupee in 1877, replacing the Mauritian dollar. The currency was influenced by the Indian Rupee due to the country’s historical and trade connections with India. Today, the Bank of Mauritius is the central authority responsible for issuing and regulating the Mauritian Rupee.

Mauritian banknotes are issued in several denominations, including ₨25, ₨50, ₨100, ₨200, ₨500, ₨1,000, and ₨2,000. Coins are also used in everyday transactions, with values such as 1, 5, 10, and 20 rupees, along with smaller cent coins. The designs on Mauritian currency often feature notable political leaders, cultural symbols, and images of local flora and fauna, reflecting the island’s rich heritage.

The value of the Mauritian Rupee fluctuates based on international trade, tourism earnings, and foreign exchange market conditions. As Mauritius is a popular tourist destination, foreign currencies like the US dollar, euro, and British pound are also widely accepted in tourist areas, but the rupee remains the legal tender. Understanding country currencies is important for travelers, business professionals, and competitive exam aspirants. For Mauritius, knowing its currency is particularly relevant in topics related to international trade, tourism, and economics.

Key Points:

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  Currency Name: Mauritian Rupee

  
  


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  Currency Code: MUR

  
  


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  Symbol: ₨

  
  


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  Introduced: 1877

  
  


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  Subunit: 1 rupee = 100 cents

  
  


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  Issuing Authority: Bank of Mauritius

  
  


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  Used In: All official and commercial transactions in Mauritius