Mauritania issues new banknote family on CCL Secure’s Guardian™ polymer substrate
2 January 2018
Nuakchot, Mauritania – As part of the implementation of the Bank’s new strategy, the Central Bank of Mauritania issued a new Guardian™ polymer banknote series on 1 January 2018.
The Central Bank of Mauritania has rebased the Mauritanian currency by removing one zero from all denominations, and issued a full new series of banknotes on Guardian™ polymer substrate. The move has been made after a period of stable economic growth and relatively low inflation, and the rebasing is expected to better control the circulation of money and inflation. It will allow to reduce cash management costs through significant gains in cost of banknote production and reduce overall risks of carrying large volumes of notes.
The new currency code MRU, replacing the former MRO code, will be used, while the currency name Ouguiya remains unchanged.
Mauritania is the first country in Africa to issue a whole series of banknotes on Guardian™ polymer substrate. The Governor of the Central Bank of Mauritania, Abdel Aziz Ould Dahi, said "Polymer notes are safer, more durable, and cleaner than other banknotes. They provide greater resistance to counterfeiting and improve the quality of the circulating banknotes. Polymer banknotes are also more environmentally friendly and, because they last longer, they are cheaper than paper banknotes. We have been working extensively with CCL Secure and Canadian Bank Note Company to ensure a smooth transition and I am grateful to their teams for their help in the process."
The new Guardian™ family consists of five polymer-based denominations ranging from 50 to 1,000 Ouguiyas, replacing the six denominations of the old series, which were printed on various paper and composite substrates as well as on Guardian™ polymer.
All denominations feature traditional themes and contain sophisticated security features, including CCL Secure’s colour-shifting inks Aurora™ and Metalix™. The two colours in the pattern and the book in the main window change from one to another when the banknote is tilted under reflected light, and the gold areas in both windows change from matt to shiny.
There will be a transition of six months during which the old and new currencies will co-circulate.
Full details are available on the Bank's website.
For more information:
T +61 3 9303 0709