what is mauritius currency

what is mauritius currency

Mauritius Currency: A Complete Guide

Mauritius Currency: A Complete Guide

Welcome to this comprehensive guide on Mauritius currency! In this article, we will explore everything you need to know about the currency used in Mauritius. From its history and denominations to currency exchange tips and the best places to convert your money, we’ve got you covered. Let’s dive in!

The Mauritian Rupee (MUR)

The official currency of Mauritius is the Mauritian Rupee (MUR). Introduced in 1877, the MUR has been the legal tender in Mauritius since then. It is symbolized by the currency code “Rs” and is further divided into smaller units called cents.

Denominations

The Mauritian Rupee is available in various denominations, including banknotes and coins. The banknotes commonly used are: Rs 25, Rs 50, Rs 100, Rs 200, Rs 500, Rs 1000, and Rs 2000. Coins come in denominations of: 5 cents, 20 cents, 50 cents, Rs 1, Rs 5, Rs 10, and Rs 20.

Currency Exchange Tips

If you are planning a visit to Mauritius, here are some essential currency exchange tips:

1. Currency Exchange Restrictions

Mauritius has certain restrictions on currency exchange, so it’s advisable to familiarize yourself with the regulations before your trip. The authorities might require you to declare any amount exceeding a specified limit upon arrival or departure.

2. Exchange Rates

Stay updated with the latest exchange rates to get the best value for your money. Exchange rates fluctuate, so it’s recommended to check the rates from reliable sources or consult with your local bank before making any transactions.

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3. Best Places for Currency Exchange

While currency exchange services are available at banks and authorized money changers throughout Mauritius, it’s advisable to compare rates and fees to ensure you get a favorable deal. Look for places that offer competitive rates and lower fees.

4. Cash vs. Cards

Although credit and debit cards are widely accepted in tourist areas, it’s always prudent to carry some cash for smaller establishments or places that don’t accept cards. Many hotels and resorts also require a cash deposit upon check-in.

5. ATMs

ATMs are easily accessible in major towns and cities in Mauritius. It’s recommended to withdraw cash from reputable bank ATMs to avoid any potential fraudulent activities.

Currency Exchange at the Airport

Upon arrival at Sir Seewoosagur Ramgoolam International Airport, you will find several currency exchange counters where you can convert your money to MUR. However, keep in mind that airport exchanges often offer less favorable rates and charge higher fees compared to banks or authorized money changers outside the airport.

Conclusion

We hope this guide has provided you with all the essential information about Mauritius currency. Whether you are planning a vacation or a business trip to this beautiful island nation, understanding the Mauritian Rupee and its exchange procedures will help ensure a smooth financial experience during your stay. Remember to plan your currency exchanges wisely and enjoy your time exploring the wonders of Mauritius!

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