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Finance

Global

Euro Hits 20-Year Low Against The Dollar

Staff -
The EUR fell to its lowest level since 2002 against the Dollar amid fears of an impending recession in the Euro-Zone. The currency fell...
Economy

Budget 2022-2023 Focuses On Strengthening Of Economic Growth And Investing In The People

Staff -
Budget 2022-2023, entitled With the People, For the People, was presented, Tuesday afternoon in the National Assembly, by the Minister of Finance, Economic Planning and...
Business & Finance

IMF Says Governments Must Protect The Vulnerable

Staff -
IMF’s Fiscal Affairs Director, Vitor Gaspar stated during an interview on Wednesday to Reuters that “Governments must target fiscal support to vulnerable populations hit...
Politics

Depreciation And Shortage Of Foreign Currencies: XLD Insists, Padayachy Persists!

Javed Sobah -
Depreciation of the Mauritian Rupee and the shortage of Foreign Exchange is a matter of parliamentary debate. The former and the current treasurer have...
Press Briefing

BoM Only Solvent Because Of Rupee Depreciation, Says XLD

Staff -
Amendments to the IBA and the rejection of the Covid 19 debates dominated the press conference of the Platform of Hope on Saturday morning...
Business & Finance

Mauritius Launches Regulatory Framework on Crowdfunding

Staff -
The Financial Services Commission (the “FSC”) has launched the Regulatory Framework on Crowdfunding on 25th of November 2021. The event was held at the...
Indian Ocean Region

Seychelles’ Credit Rating Upgraded To B+, Reflecting Tourism’s Rebound

Staff -
(Seychelles News Agency) - Seychelles' credit rating has been upgraded to 'B+' with a stable outlook from Fitch Ratings, reflecting the rebound of the tourism...
Local News

Ambassador Degert: Fighting Anti-Money Laundering Means Fighting To Safeguard Our Democratic Systems

Staff -
The European Union (EU) is strongly engaged to providing its technical assistance and expertise in the fight against Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT). The...
Economy

MCB Focus: GDP Growth To Stand At 4.4% In 2021

Staff -
The November 2021 MCB Focus edition predicts a 4.4% Gross Domestic Product’s (GDP) growth for 2021. The MCB stated that it has slightly upgraded...
Economy

The Short-Term Economic Challenges That Mauritius Has To Face

Staff -
Local retail experts expect a 10% price hike in the prices of canned foods in the coming days due to the high freight costs....
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