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Chinguitty Bank, a local Mauritanian bank, was established in 1972 as a result of an investment agreement between the Mauritanian government and the Libyan Foreign Bank / in order to strengthen economic and social ties between the two countries, and thus it is considered one of the first investment banks in Mauritania, with a capital of about $22 million As it finances all the needs of individuals, professionals, and companies in the economic sectors, it also provides various banking services commensurate with their needs, all in order to advance the local economy.