Chinguitty Bank was established in 1972 in order to strengthen the economic ties between its two shareholders, Libya and the Islamic Republic of Mauritania, by promoting investment in Mauritania.
Despite the difficulties that Mauritania was experiencing, Chinguitty Bank has been and remains an important player in the economic life of this country. This important role was effectively and efficiently demonstrated in the preparation of historical decisions such as the issuance of the national currency and the consolidation of the economic and political independence of the country.