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Definitions from the WebMauritian Monetary UnitDescription:The Mauritian Monetary Unit refers to the official currency used in Mauritius, a small island nation located in the Indian Ocean. The currency of Mauritius is the Mauritian Rupee (MUR), which is further divided into subunits called cents. Senses and Usages:Sense 1 - Currency:In its primary sense, the Mauritian Monetary Unit signifies the currency itself, the Mauritian Rupee (MUR). The MUR is widely used for daily transactions, as well as in business and trade throughout Mauritius. Example sentence: The exchange rate between the Mauritian Rupee and the US Dollar has been fluctuating in recent months. Sense 2 - Monetary System:The term can also refer to the broader monetary system of Mauritius, including its central bank, monetary policies, and regulations that govern the circulation and management of the Mauritian Rupee. Example sentence: The stability of the Mauritian Monetary Unit has played a crucial role in attracting foreign investments to the country. Sense 3 - Historical Usage:Historically, the Mauritian Monetary Unit has gone through various changes and has included several different currencies that were used in Mauritius before the introduction of the Mauritian Rupee. Example sentence: Before the adoption of the Mauritian Rupee in 1876, various European currencies and tokens served as Mauritian Monetary Units. Related Products: | ||||
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