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Encyclopedia > Mauritian dollar

The dollar was the currency of Mauritius until 1877. Initially, it was made up of Spanish dollars, with paper money and new coins being issued in the 1820s. The dollar was initially pegged at a value of 2 Indian rupees, then at 4 shillings sterling. 1877 was a common year starting on Monday (see link for calendar). ... The Spanish dollar or peso (literally, heavy, or pound) is a silver coin which was minted in Spain after a Spanish currency reform in 1497. ... Events and Trends Nationalistic independence movements helped reshape the world during this decade: Greece declares independence from the Ottoman Empire (1821). ... The one Rupee banknote. ... The shilling was a British coin first issued in 1548 for Henry VIII, although arguably the testoon issued about 1487 for Henry VII was the first shilling. ... The pound sterling is the official currency of the United Kingdom (UK). ...


The dollar circulated alongside sterling and the Indian rupee. An unofficial exchange rate of 2 rupees to the dollar was used, although this overvalued the rupee for a time.


In 1877, the Mauritian rupee was introduced. It replaced the dollar at a rate of 2 rupees = 1 dollar. The rupee is also the currency of Mauritius. ...


 
 

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