Mauritania - Current economic situation and prospects

C'muX c tilnnuw Report No. 243-MAU - 6 tot ur X T he Current tconomic Situation And Prospects of Mauritania May 6, 1974 Wvestern Af'rica R'egional OfficeLt Not for Public Use Document of the International Bank for Reconstruction and Development International Development Association This report was prepared for official use only by the Bank Group. It may not be published, nqioted or cited without Rank .roup iauthori7ation The Bank .rnouu does not arcpnt rponnibi!ity for the accuracy or completeness of the report.  CURRENCY EQUIVALENTS Currency Unit: CFA Franc (CFAF) - until June 29, 1973 Ouguiya (UM) - since June 29, 1973 UM lOO = 0.016 gram of fine gold = CFAF 5 = FF Ool Excchange Rates Until August 1969 US$1000 = CFAF 246085 CFAF 19000 = US$h4O5 August 1969 - December 1971 (French franc devaluation) US$1L00 = CFAF 277.71 CFAF 1,000 US$3060 December 1971 - February 1973 (dollar devaluation) US$100 = CFAF 255.79 CFAF 19000 = US$3091 Since February 1973 (dollar devaluation) Offici'al Exchange Rate US$1000 = CFAF 230.21 OFAF 1A