Mauritian Rupee

The Mauritian rupee is the currency of Mauritius. It is divided into 100 cents. The rupee was established by law in 1876 as the local currency of Mauritius, replacing the Mauritian franc. The rupee was chosen due to the massive inflow of Indian rupees following Indian independence in 1947. It has been pegged to the Indian rupee since 1949 at a rate of 1 Mauritian rupee = 1 Indian rupee. The rupee is issued by the Bank of Mauritius.