Economy, Currency and Foreign Trade
Chief sources, monetary unit, Iron ore, Imports, Algeria
The monetary unit in Mauritania is the ouguiya, which is divided into five khoums (239 ouguiyas equal U.S.$1; 2000 average). The Central Bank of Mauritania (founded in 1973) is the bank of issue.
In 2000 exports totaled $499 million. Imports amounted to $294 million. Iron ore is the principal export; imports typically consist of food products, machinery, construction materials, petroleum, and consumer goods. Leading purchasers of exports are Japan, France, Italy, and Belgium and Luxembourg (which operate together as a single trading unit). Chief sources for imports are France, Algeria, Spain, China, and the United States. Mauritania also exports cattle to Senegal.
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