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Monday, April 22, 2024

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FX Market: BOM Governor To Meet CEOs And Treasurers Of Banks Today

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In line with its close and continuous monitoring of the evolution of the domestic foreign exchange market, the Bank of Mauritius sold USD 40 Million on the domestic market on 26 October 2022. Today, it intervened once again for an amount of USD 100 million at the market-determined rate of Rs 43.80 per USD.

According to a press release of the Bank, this latest intervention aims amongst others at further containing inflation in the country. Since the outbreak of the COVID-19 pandemic, the Bank has intervened on the domestic foreign exchange market for a total of USD 3.5 Billion.

The press release also reveals that the Governor will be meeting with CEOs and Treasurers of banks today to further analyze the evolution of the FX market.

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