Mauritania is currently experiencing economic challenges characterized by high inflation and fluctuating growth rates. The government has increased public transfers to alleviate the burden of rising prices, but private consumption remains constrained by elevated fuel and food costs. Inflation, however, has shown signs of easing, dropping to 5% in 2023 compared to 9.6% the previous year, aided by a narrowing current account deficit. This improvement has been supported by declining international food and energy prices, as well as reduced imports of capital goods. Economic growth has slowed to 3.4% in 2023, down from a robust 6.4% in 2022, primarily due to tighter monetary conditions and vulnerabilities in key sectors such as rainfed agriculture and extractive industries. The local currency, the Ouguiya, is freely convertible within the country, although its export is not legally permitted, further complicating the economic landscape.