Central Bank of Mauritania
Encyclopedia
Mauritania
Mauritania is a country in the Maghreb and West Africa. It is bordered by the Atlantic Ocean in the west, by Western Sahara in the north, by Algeria in the northeast, by Mali in the east and southeast, and by Senegal in the southwest...
, in northwest Africa
Africa
Africa is the world's second largest and second most populous continent, after Asia. At about 30.2 million km² including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area...
. The bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
is located in Nouakchott
Nouakchott
-Government:The town was first divided into districts in 1973. First it was divided into four. From 1986, the city has been split into nine districts.* Arafat* Dar Naim* El Mina* Ksar* Riad* Sebkha* Tevragh-Zeina* Teyarett* Toujounine...
, just south of the Presidential Palace
Presidential Palace (Mauritania)
Presidential Palace is the presidential palace for the President of Mauritania, located in Nouakchott. It is located in the centre of the city and is by far the most prominent landmark in the city, set in extensive gardens and grounds...
and its governor
Governor
A governor is a governing official, usually the executive of a non-sovereign level of government, ranking under the head of state...
is Kane Ousmane.
History
The bank was created by acts of the legislatureLegislature
A legislature is a kind of deliberative assembly with the power to pass, amend, and repeal laws. The law created by a legislature is called legislation or statutory law. In addition to enacting laws, legislatures usually have exclusive authority to raise or lower taxes and adopt the budget and...
of Mauritania, in 1973, 1974 and 1975.http://www.bcm.mr/index.php?niveau=1&codecateg=7
See also
- Central banks and currencies of AfricaCentral banks and currencies of AfricaThere are two African currency unions associated with multinational central banks; the West African Banque Centrale des Etats de l'Afrique de l'Ouest and the Central African Banque des Etats de l'Afrique Centrale...
- Economy of MauritaniaEconomy of MauritaniaA majority of the population of Mauritania depends on agriculture and livestock for a livelihood, even though most of the nomads and many subsistence farmers were forced into the cities by recurrent droughts in the 1970s and 1980s. Mauritania has extensive deposits of iron ore, which account for...
- List of central banks
- Mauritanian ouguiyaMauritanian ouguiyaThe ouguiya , also spelt "ougiya," is the currency of Mauritania. It is the only circulating currency other than the Malagasy ariary whose division units are not based on a power of ten, each ouguiya comprising five khoums .The ouguiya was introduced in 1973, replacing the CFA franc at a rate of 1...
, the unit of currency