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Mauritian rupee

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Mauritian rupee
Roupie mauricienne (French)
Roupi morisien (Morisien)
மொரீசியஸ் ரூபாய் (Tamil)
मॉरिशियाई रुपया (Devanagari script)[a]
Rs. 100/- note obverse and reverseRe. 1/- coin obverse and reverse
ISO 4217
CodeMUR (numeric: 480)
Subunit0.01
Unit
Unitrupee
SymbolRe/Rs[1]‎
Denominations
Subunit
 1⁄100cent
Symbol
 centc
BanknotesRs. 25/-, Rs. 50/-, Rs. 100/-, Rs. 200/-, Rs. 500/-, Rs. 1,000/-, Rs. 2,000/-
Coins5c, 20c, 50c, Rs. 1/-, Rs. 5/-, Rs. 10/-, Rs. 20/-
Demographics
User(s) Mauritius
Issuance
Central bankBank of Mauritius
 Websitewww.bom.mu
Valuation
Inflation4.5%
 SourceBank in Mauritius, November 2023 est.

The Mauritian rupee (sign: Re (singular) and Rs (plural); ISO code: MUR; pronounced [ʁupi]) is the currency of Mauritius. One rupee is subdivided into 100 cents. Several other currencies are also called rupee.

Coins

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In 1877, coins for 1, 2, 5, 10 and 20 cents were introduced, with the lower three denominations in copper and the higher two in silver. Coin production ceased in 1899 and did not recommence until 1911, with silver coins not produced again until 1934, when Re. 1⁄4, Re. 1⁄2 and Re. 1/- coins were introduced. In 1947, cupro-nickel 10 cents were introduced, with cupro-nickel replacing silver in 1950.

Mauritian 20c coin

In 1971 a new set of coins and banknotes were introduced by the Royal Mint. This set has Queen Elizabeth II on the obverse and a range of heraldic motives on the reverse. Some of the reverse designs for this set were designed by Christopher Ironside OBE including the Rs. 10/-, Rs. 200/- and Rs. 250/- (issued 1988).

In 1987, a new series of coins was introduced which, for the first time, did not feature the portrait of the monarch (Mauritius did not become a republic until 1992) but that of Sir Seewoosagur Ramgoolam. This coinage consisted of copper-plated-steel 1c and 5c (the 5c was substantially reduced in size), nickel-plated-steel 20c and Re. 1⁄2, and cupro-nickel Re. 1/- and Rs. 5/-. Cupro-nickel Rs. 10/- were introduced in 1997. Coins currently in circulation are the 5c, 20c, Re. 1⁄2, Re. 1/-, Rs. 5/-, Rs. 10/- and Rs. 20/-. Coins below Re. 1/- in value are generally regarded as small-change. The 1c coin has not been seen in circulation for many years, and the last series of 1 cent coins issued in 1987 are only seen as collectors' items.

In 2007, a bi-metallic Rs. 20/- coin was issued to commemorate the 40th anniversary of the Bank of Mauritius, and this has now become a coin in general circulation.

Current Mauritian rupee coins
Image Value Composition Diameter Weight Thickness Edge Issued
1c Copper-plated steel 17.8 mm 2 g 1.27 mm Smooth 1987
5c Copper-plated steel 20 mm 3 g 1.5 mm Smooth 1987-2017
20c Nickel-plated steel 19 mm 3 g 1.65 mm Reeded 1987-2016
50c Nickel-plated steel 23.6 mm 5.83 g 2 mm Reeded 1987-2016
Re. 1/- Copper-nickel 26.5 mm 7.45 g 1.8 mm Reeded 1987-2010
Re. 1/- Nickel-plated steel 26.6 mm 7.5 g 2.2 mm Reeded 2012-2016
Rs. 5/- Copper-nickel 31 mm 12.62 g 2.36 mm Security 1987-2010
Rs. 5/- Nickel-plated steel 31 mm 12.55 g 2.8 mm Security 2012-2018
Rs. 10/- Copper-nickel 27.5 mm (heptagonal) 5.83 g 2.2 mm Smooth 1997-2000
Rs. 10/- Nickel-plated steel 28 mm (heptagonal) 8.5 g 2 mm Smooth 1987-2016
Rs. 20/- Bi-metallic; copper-nickel center in nickel-brass ring 28 mm 10 g Reeded 2007

Banknotes

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Rs. 10/- banknote, Government of Mauritius, 1930. On display at the British Museum in London

The first banknotes were issued by the government dated 1876 in denominations of Rs. 5/-, Rs. 10/- and Rs. 50/-. Re. 1/- banknotes were added in 1919. In 1940, emergency issues were made of 25c and 50c and Re. 1/-. In 1954, Rs. 25/- and Rs. 1,000/- were introduced.

The Bank of Mauritius was established in September 1967 as the nation's central bank and has been responsible for the issue of banknotes and coins since that time.[2] The bank issued its first notes in 1967, comprising four denominations: Rs. 5/-, Rs. 10/-, Rs. 25/-, and Rs. 50/-, all undated and featuring a portrait of Queen Elizabeth II on the obverse. Over the years, some denominations were revised with new signatures of the Bank's Governor and managing director but were otherwise unchanged.

1967 "Elizabeth II" Issue
Image Denomination Obverse Reverse
[1] Rs. 5/- Queen Elizabeth II Monument marking the landing of the Dutch at the bay of Grand Port (1598), sailing boat
Rs. 10/- Government House, Port Louis
[2] Rs. 25/- Bullock cart
Rs. 50/- Port Louis Harbour

In 1985, the Bank of Mauritius issued a completely new set of banknotes of Rs. 5/-, Rs. 10/-, Rs. 20/-, Rs. 50/-, Rs. 100/-, Rs. 200/-, Rs. 500/- and Rs. 1,000/-. A close study of these banknotes reveals an interesting array of subsets which were printed by two banknote printing companies (Bradbury Wilkinson and Thomas de La Rue). The banknotes were also designed at different time periods as there are very few identical and consistent design features appearing on all the denominations. Varying banknote numbering systems, different types of security threads, variations in the design and size of the Mauritian Coat of Arms, different ultraviolet light latent printing, inconsistent variations in the size incrementation between the denominations and multiple different typesets are just a few of the differences. This issue lasted up to 1998.

In 1998, The Bank of Mauritius made a new issue of banknotes consisting of 7 denominations, viz. Rs. 25/-, Rs. 50/-, Rs. 100/-, Rs. 200/-, Rs. 500/-, Rs. 1,000/- and Rs. 2,000/-. These banknotes had a standard format and were all issued simultaneously in November 1998. All the banknotes of this issue were printed in England by Thomas de la Rue Limited. These first banknotes were withdrawn from circulation in June 1999 following controversies due to the ordering of the text (English, Sanskrit, Tamil) as the Tamil population is said to have arrived in Mauritius prior to the North Indian community affiliated with Hindi.

The Bank of Mauritius made its latest issue of banknotes, which is still current, after June 1999.

Currently circulating banknotes

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Obverse designs

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Each denomination bears a hand engraved portrait of a prominent Mauritian figure, which appears on the left.

Denomination Portrait Vignette
Rs. 25/- Moilin Jean Ah-Chuen Rodrigues
Rs. 50/- Joseph Maurice Paturau Le Caudan
Rs. 100/- Renganaden Seeneevassen Court House
Rs. 200/- Sir Abdool Razack Mohamed Mauritian Market
Rs. 500/- Sookdeo Bissoondoyal University of Mauritius
Rs. 1,000/- Sir Charles Gaëtan Duval State House
Rs. 2,000/- Sir Seewoosagur Ramgoolam Bull & Sugarcane Cart

The top of the note says "Bank of Mauritius". The portrait is toward the center-left of the note and below the portrait is the name of the person in the portrait and their year of birth to year of death. On the bottom-left is the coat of arms of Mauritius. There is also a drawing of the Bank of Mauritius building and a portrayal of the statue of justice in the background of each of the denominations in the centre of the note. The value of the note is in the top-right corner with the "Rs" symbol in front the value. Below the value in the top-right corner is a feature to aid the visually impaired. This is in addition to the differences in sizes between the banknotes of various denominations. The left side of the note says the numerical value of the note, with the "Rs" symbol to the left of the value, written sideways left-faced up. On top of the numerical value on the left side is the serial number of the note. The serial number is also on the centre-right of the note. On the top-center of the note is states "This Note Is Legal Tender For", then it states the note's value written out in English (ex: "One Hundred"), and below that it says "Rupees". Below that it says the value of the note in Tamil, and below that it says the value of the note in Bhojpuri. Below that is the signature of the Governor of the Bank of Mauritius and next to that is the signature of the managing director, or it could have the signatures of the First Deputy Governor, then the Governor, then the Second Deputy Governor. Below that is the year the note was printed.

Reverse designs

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The top left of the note on the reverse says "Bank of Mauritius". The left side of the note says the numerical value of the note, with the "Rs" symbol to the left of the value, written sideways left-faced up. The top right of the note has the numerical value of the note with the "Rs" symbol to the left of the value. Each denomination carries a different vignette, depicting various aspects of Mauritius. The Devanagari script value of the note can be found on the left side of the bottom of the vignette, with the Devanagari abbreviation of rupee, "रु" ("ru") in front of the value. The Tamil and Gujarati numerical value of the note can be found on the right side of the bottom of the vignette. The Tamil value is above the Gujarati value.[3]

Features for authenticity verification

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  1. The feel of banknote's paper
  2. Three-dimensional watermark in the form of a dodo: When held up to the light the head of the dodo can be clearly viewed.
  3. See-through in the form of a conch shell: this image completes when viewed against direct light.
  4. Windowed security thread reading "Bank of Mauritius" when held up to the light, this can be seen as a continuous band running through the paper. Viewed flat, the metallic areas can be seen on the surface of the paper.
  5. Engraved Portrait in Intaglio ink.
  6. Latent image: when viewed at eye level, the image of "BM" becomes visible.
  7. Micro-text reading "BM": under a magnifying glass, these letters are clear to see.
  8. Under ultra-violet light: figures corresponding to the face value of the banknote become apparent.

Rs. 100/-, Rs. 200/-, Rs. 500/-, Rs. 1,000/-, Rs. 2,000/- banknotes

Iridescent band in gold: when held under the light, this band visualizes and disappears when the viewing angle is changed.

Rs. 100/-, Rs. 200/- banknotes

Silver metallic ink: dull silver metallic band running from top to bottom on front, left of note. Metallic strip also beneath top right value numeral.

Rs. 500/-, Rs. 1,000/- banknotes

Silver Foil: two different images, value numeral or geometric shape, can be seen when viewed from different angles.

Rs. 2,000/- banknote

Hologram containing images of the dodo and the value "2000"

Rs. 200/-, Rs. 500/-, Rs. 1,000/- banknotes

Hologram containing images of the dodo and the denomination on the Rs. 200/- banknote, a deer and the denomination on the Rs. 500/- banknote and the Bank of Mauritius tower and the denomination on the Rs. 1,000/- banknote.[4]

Rs. 25/-, Rs. 50/-, Rs. 500/- banknotes

Revised security features and the change of material from paper to polymer.[5][6]

Rs. 2,000/- banknote Revised security features and the change of material from paper to polymer.[7]

Commemorative coins

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Value Composition and finish Mass Diameter Issue date Commemorative subject
Rs. 25/- Silver non-proof 38.61 g 38.61 mm April 1978 10th anniversary of the independence of Mauritius
Rs. 20/- Silver proof 28.28 g 38.61 mm May 1998 50th anniversary of the wedding of Queen Elizabeth II and Prince Philip
Rs. 1,000/- Gold proof 17 g 31.00 mm January 2000 150th anniversary of the setting up of the Mauritius Chamber of Commerce & Industry
Rs. 10/- Silver proof 28.28 g 38.60 mm January 2000 150th anniversary of the setting up of the Mauritius Chamber of Commerce & Industry
Rs. 100/- Silver proof 36.76 g 44 mm November 2001 Centenary of the arrival of Mahatma Gandhi in Mauritius
Current MUR exchange rates
From Google Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USD
From Yahoo! Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USD
From XE.com: AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USD
From OANDA: AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USD

See also

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Notes

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  1. ^ Script used for Bhojpuri, Hindi, and Sanskrit, among others

References

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  1. ^ Bank of Mauritius Archived 2006-12-28 at the Wayback Machine.
  2. ^ Linzmayer, Owen (2012). "Mauritius". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.
  3. ^ "Mauritian Rupee". www.crnindia.com. Archived from the original on 2007-08-28.
  4. ^ Mauritius new 200-, 500-, and 1,000-rupee banknotes confirmed BanknoteNews.com. December 15, 2011. Retrieved on 2015-02-13.
  5. ^ Mauritius new 500-rupee polymer notes confirmed BanknoteNews.com. September 29, 2013. Retrieved on 2015-02-13.
  6. ^ Mauritius new 25- and 50-rupee polymer notes confirmed BanknoteNews.com. September 21, 2013. Retrieved on 2015-02-13.
  7. ^ Mauritius new 2,000-rupee polymer note (B436a) confirmed Banknote News (banknotenews.com). December 14, 2018. Retrieved on 2019-01-20.
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Preceded by:
Indian rupee, Sterling, Mauritian dollar
Ratio: both rupees = MU$0.5 or Rs. 10/25 = £1 stg 		Currency of Mauritius
1877 – 		Succeeded by:
Current
Currency of Seychelles
1877 – 1914 		Succeeded by:
Seychellois rupee
Reason: became a separate crown colony in 1903
Ratio: at par
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