Mauritania's post-independence coinage required an entirely new denominational system after the country abandoned the CFA franc in 1973, creating the ouguiya — one of only two world currencies where the primary unit divides into five subunits rather than one hundred, a structure rooted in the traditional khoums reckoning used in local trade long before French colonial monetary systems arrived.
Mauritania's post-independence coinage required an entirely new denominational system after the country abandoned the CFA franc in 1973, creating the ouguiya — one of only two world currencies where the primary unit divides into five subunits rather than one hundred, a structure rooted in the traditional khoums reckoning used in local trade long before French colonial monetary systems arrived.