Examples of Ouguiya in a sentence
The external 3 “Société Nationale des Industries Minière”, the public mining utility.4 On January 1, 2018, the Central Bank of Mauritania introduced new currency bills and rebased the Ouguiya by eliminating one zero.
In fact, the devaluation of the Ouguiya in 1992, as well as the liberalisation of the money and foreign exchange market have reduced foreign exchange constraints and favoured the importation of goods needed for investment projects.
For instance, a significant increase in tax revenue (an increase of 85.46 Billion Ouguiya or 28.2 million USD in two years) was seen as a result of the fiscal census, which had been supported by the project at a cost of US$185,784.
Exchange Rates The reforms introduced under the guidance of the International Monetary Fund (IMF) have resulted in removal of exchange controls and the value of the Ouguiya is now nominally determined by the market (it is still subject to periodic interventions by the BCM).
Cwestiwn Atodol gan y Cynghorydd T Thomas Mae canran fach o ffyrdd heb eu mabwysiadu yn parhau i achosi problemau penodol i drigolion sy'n byw yn yr ardaloedd hyn.
Within this region, Mauritanians have always counted in Ouguiya, and it was therefore natural for Moktar Ould Daddah, the first president of Mauritania, simply to give the name “Ouguiya” to the national currency that he created after independence.
Since 1993, the Ouguiya has fallen against the dollar, as a result of devaluations or depreciation of the currency (refer Figure 4.4).
Its use was so entrenched that when the French colonist arrived and we began using the French Franc or any other currency, wecontinued to count in Ouguiya.
In addition, the cost of obtaining credit is very high and access is difficult.Inflation Until 2002, despite the devaluations of the Mauritanian Ouguiya (UM) and removal of price controls, inflation was kept in check through a tight monetary policy that has reduced the expansion of money supply.
Exchange Rate The reforms introduced under the guidance of the International Monetary Fund (IMF) have resulted in removal of exchange controls and the value of the Ouguiya is now nominally determined by the market (it is still subject to periodic interventionsby the BCM).