Online Forex trading in Mauritania is legal with no restrictions on foreign exchange transactions. There are no legal or policy restrictions on converting or transferring funds associated with foreign investments, and investors are guaranteed the free transfer of convertible currencies at the legal market rate subject to currency availability. The Central Bank of Mauritania holds regular foreign exchange auctions allowing market forces to fix the value of the Ouguiya (1).
The Investment Code guarantees investors free access to foreign currencies provided they comply with foreign exchange regulations. Investors can access foreign currency to ensure normal and routine payments and finance supplies and service provisions with entities outside Mauritania. These transfer operations remain subject to justifications required by exchange regulations in force in the Islamic Republic of Mauritania (2).
"Provided that they comply with foreign exchange regulations, investors have free access to foreign currencies, in particular for: Ensure normal and routine payments; To finance various supplies and provision of services, in particular those carried out with natural or legal persons, outside Mauritania."
The local currency Ouguiya is freely convertible within Mauritania but its exportation is not legally authorized. Hard currencies can be obtained from the Central Bank and local commercial banks, with individuals and companies able to obtain hard currency through commercial banks for payment of purchases or repatriation of dividends. In December 2023, the Central Bank launched the Interbank Foreign Exchange Market allowing the ouguiya to float within a plus or minus five percent band (1).
Source:
https://www.trade.gov/country-commercial-guides/mauritania-trade-financing
https://investmentpolicy.unctad.org/investment-laws/laws/571/mauritania-investment-code
Last updated: 15-10-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.
