Central Bank Governor Outlines Key Economic Policies

⁸The Governor of the Central Bank of Mauritania, Mr. Mohamed Lemine Ould Dhehby, held a recent press conference where he highlighted the central features of the country’s monetary and financial strategies. Among the most important points discussed were:

Inflation Containment and Economic Growth

Ould Dhehby stated that the government had successfully managed inflation throughout 2024, reflecting the effectiveness of ongoing economic and financial reforms. He also emphasized that economic growth was “stronger than expected,” driven by comprehensive reforms to modernize the banking sector and strengthen regulatory oversight.

Foreign Currency Reserves

The Governor announced that Mauritania’s foreign currency reserves had reached approximately $2 billion, equivalent to seven months of import coverage. This achievement, he said, was the result of coordinated monetary and fiscal policies, alongside structural reforms.

Flexible Monetary Policy

According to an IMF report dated July 3, 2025, the Central Bank has begun lowering interest rates following a drop in inflation. The bank has also strengthened liquidity management tools and is working to develop the domestic bond market in the national currency

General Assessment

Macroeconomic stability has been maintained, supported by reforms and the buildup of foreign reserves.

Ongoing structural reforms are transforming the banking and financial markets.

Increased confidence among both international and local stakeholders, thanks to greater transparency and tangible progress

This press briefing reflects a broader narrative of growing financial discipline and modernization within Mauritania’s economic institutions.

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