What Is the Currency of Mauritius?
Uncover the official currency of Mauritius. Understand its practical aspects and significance for your travels to the island nation.
Mauritius, an island nation nestled in the Indian Ocean, offers diverse landscapes and a vibrant cultural tapestry. Understanding the local financial landscape contributes to a smoother and more enjoyable visit.
The Mauritian Rupee
The official currency of Mauritius is the Mauritian Rupee. It is commonly identified by the symbol “Rs” and has the international currency code MUR. The Mauritian Rupee is subdivided into 100 cents.
Physical Characteristics and Denominations
The Mauritian Rupee circulates in both banknotes and coins, each featuring distinct designs. Banknotes are available in denominations such as Rs 25, 50, 100, 200, 500, 1,000, and 2,000. These notes often depict important figures and national landmarks.
Coins are issued in denominations of 5, 20, and 50 cents, as well as Rs 1, 5, 10, and 20. While cent coins exist, those below one rupee are generally considered small change and are less frequently encountered in daily transactions. Newer polymer banknotes incorporate enhanced security features for durability and authenticity.
Currency Exchange and Usage
Foreign currency can be exchanged at the Sir Seewoosagur Ramgoolam International Airport upon arrival. Banks and licensed exchange bureaus located throughout the island, particularly in major towns and tourist areas, also offer currency exchange services. It is advisable to exchange money upon arrival in Mauritius, as rates there can be more favorable than those found in one’s home country.
Automated Teller Machines (ATMs) are widely available across Mauritius in urban centers, shopping malls, and hotel resorts. Most bank ATMs do not charge fees to foreign cardholders, though it is prudent to check with your home bank regarding any potential international withdrawal fees. Major credit and debit cards, including Visa and Mastercard, are broadly accepted in hotels, restaurants, and larger shops, especially in tourist-heavy locations. However, carrying some Mauritian Rupees in cash is recommended for smaller purchases, local markets, street vendors, or when visiting more rural areas where card acceptance may be limited.
Exchange Rate Overview
The value of the Mauritian Rupee fluctuates against major international currencies, including the US Dollar, Euro, and British Pound. These exchange rate movements are influenced by various economic factors, such as inflation rates, global commodity prices, and the country’s tourism and trade performance. It is advisable for travelers to check current exchange rates from reliable sources before and during their trip to understand its real-time value.