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Monday, April 29, 2024

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Bank of Mauritius

Banking

Harvesh Seegolam: Sanctions Against Commercial Banks Have Paid Off

Staff -
The commercial banks sanctioned by the Bank of Mauritius (BoM) for engaging in "unhealthy speculation on the foreign exchange market" have already paid their...
Banking

Your Coins For Change: Every Little Bit Counts!

Staff -
The Mauritius Commercial Bank (MCB) will exchange coins until June 30, 2023. The 'Your coins for change' project will support the rehabilitation of youth...
Banking

The Annual Report Of The Bank Of Mauritius For The Year 2021-2022 Released

Staff -
The annual report of the Bank of Mauritius for the year 2021-2022 was released on Wednesday. It shows that the Bank of Mauritius made...
Banking

Bank Of Mauritius Governor Issues Severe Warning Against Currency Speculators

Staff -
The Governor of the Bank of Mauritius Harvesh Seegolam, met the press yesterday to shed light on the Mauritian rupee. He issued a stern...
Politics

Inflation And Depreciation Of The Rupee Are Plaguing Our Economy, Said Arvin Boolell

Staff -
Arvin Boolell, argues for a "cost of living allowance" in response to the country's economic situation. He made this proposition at a press conference...
Banking

Bank Of Mauritius Is Closely Monitoring The Situation Of Silver Bank

Staff -
On 10 February 2023, the Bank of Mauritius (“Bank’’) took cognizance of a press release issued by Trafigura Group Pte (“Trafigura”) in which the...
Banking

Coin Exchange Campaign Of Idle Coin In Bank Accounts Or For Banknotes

Staff -
The Bank of Mauritius is inviting members of the public to put back into circulation coins they may have in their possession and which...
Banking

Gross Official International Reserves End-January 2023 Amounted To Rs 304.2 Billion

Staff -
The Gross Official International Reserves (GOIR) of the country amounted to Rs 304.2 billion (equivalent to USD6,797.1 million) as of end-January 2023 according to...
Business & Finance

As From 16 January 2023, The Bank Of Mauritius Is Introducing A New Monetary Policy Framework

Staff -
The new monetary policy framework aims to enhance the monetary policy transmission mechanism and strengthen the effectiveness of monetary policy. It is a flexible...
Local News

Bank Of Mauritius Forecasts A 5 Percent Growth For 2023 For Mauritius

Vaishali Shastri -
The latest IMF World Economic Outlook expects global output growth to amount to 2.7 percent, with a 25 percent probability of decreasing below 2...
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