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LOCAL CURRENCY IN MAURITIUS

Want to know the local currency in Mauritius? The money used in Mauritius is called Rupee.

The Mauritian Rupee is issued and managed by the Bank of Mauritius. To find out the current currency exchange rates for Rupee to other major currencies of the world, click on foreign currency rates.

Mauritian Currency Information
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The currency used in Mauritius is called as the Rupee. This currency is denoted with the currency sign ?[1] and the ISO 4217 Code for the Mauritian Rupee is MUR. The Rupee, is the official currency of the Mauritius . It is divided into 100 smaller units called cent.

The constitution of Mauritius provides that the Mauritius government shall have the power to print the Mauritian Rupee and cent coins to be used as a legal tender in Mauritius. The Mauritian Rupee bank notes and Cent coins are both designated as "legal tender" in payment of debts.

The Mauritian Rupee bill uses the decimal system, consisting of 100 equal units.

The symbol ?[1], usually written before the numerical amount, is used for the Mauritian Rupee.

Currently printed bank notes denominations are ? 25, ? 50, ? 100, ? 200, ? 500, ? 1000, ? 2000 and the coins are minted in the denominations of ? 1, ? 5, ? 10, ? 20 .

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The Effect of Balance of Trade and Investment on the Value of Mauritian Rupee
Financial analysts regularly cite the balance of trade and investment in Mauritius as the most important influence on the value of the Rupee. The difference between what the Mauritius exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Rupee exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Rupee exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Mauritian Rupee.
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