Exchange GBP to MUR - Convert Pound to Mauritian Rupee - Free Online Quote

GBP to MUR Exchange Rate

Currency Information on Mauritian Rupee - MUR— Mauritian Rupee – Rs. The foreign exchange currency code for MUR represents the Mauritian Rupee exchange rate.

Currency Exchange Rates for Mauritian Rupee. Established as the official local currency of Mauritius in 1876, the rupee was selected as a result of the influx of Indian rupees due to Indian immigration to Mauritius.

The Indian rupee was replaced in Mauritius, by the Mauritian rupee in 1877. The Mauritian rupee ceased to be pegged to the Indian rupee, and was instead pegged to the pound sterling, at a rate of 131/3 rupees = 1 pound.

Currency Information on MUR. Mauritian rupee coins are available in denominations of 5 cents, 20 cents, ₨½, ₨ 1, ₨ 5, ₨ 10 and ₨ 20, whilst banknotes in circulation are available in denominations of 25, 50, 100, 300, 500, 1000 and 2000 rupees.

The Mauritian Rupee(MUR) or Rupee(R), in short, is the governed currency used throughout the Republic of Mauritius. Known as the MUR it shares significant value being the only rupee traded in the African market alongside the Seychellois Rupee.

Before all this, the currency of trade at the time was the rupee; not until the Indian immigration occurred.

History of the Mauritian Rupee:

The MUR is introduced as Mauritius official currency of trade in 1876.The very first bills were seen around 1876 as 5,10 & 50.
This was the year of change for the Mauritian Rupee as it replaced the Indian Rupee.

Coin production took an unexpected halt in 1911 and was later reinstated, temporarily ceasing the production of silver coins until 1934.

The governing bank of the nation of Mauritius was founded in 1878 and was selected as the country's official printing sector and national bank, producing the very first banknotes.

The very first one rupee note was produced in 1919; while cupro-nickel 10 cents coins were introduced 28 years later(1947).

The bank produced first notes in 1967, consisting of four denominations; the 5, 10, 25, and 50 rupees.

Royal Mint introduced new coins and bank notes in 1971

Equivalently 13 1/3 Rupees = to 1 Pound; was the current exchange rate at the time until 1979.

1987 saw the introduction of new coins, only this time they didn't feature an image of the royal monarch, Queen Elizabeth II instead Sir. Ramgoolam image was observed.

By 1999, the final production of bank notes were published which to this very day are in circulation throughout Mauritius.

Denominations:

During the establishment of the Mauritian Dollar, several denominations were spotted throughout the nation. By the time 1967 arrived, banknotes were compromised of the Queen Elizabeth the II while the same was done to the coins in 1971.

Notes/Bills: 25,50,100,200,500,1000 and 2000; Coins: 1,5,10, 25 & 50.

It was not until 1987 that saw the denomination feature prominent influential Mauritian dignitaries on the 25,50,100,200,500,1000 and 2000 rupee banknotes respectively.

Frequently Asked Questions(FAQ):

Is it necessary to convert into MUR if I'm traveling to Mauritius?
The beauty about Mauritius is that other currencies such as Dollars, British Pound and Shillings are common currencies of trade. ATM machines throughout the city including the airport offer the option of converting to MUR. The only downside to this is that the change received from using foreign currency in the city will be in Mauritius Rupees.

Convert Pound to Mauritian Rupee

Convert GBP to MUR exchange rate. Buy and sell British Pounds to Mauritian Rupee. Convert MUR to GBP with a currency broker offering the best foreign exchange rates. Exchange GBP to MUR - Convert Pound to Mauritian Rupee for a Free Online Quote.

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