In June, the Bank of Mauritius’ (BoM) intervention on the foreign exchange market took economic stakeholders aback. A 3.5% depreciation of the Mauritian Rupee resulted, as the USD was then valued at Rs. 42.95.
Since then, the BoM continued to intervene on the foreign exchange market. The most recent intervention took place yesterday as the BoM sold $ 10 million at the rate of Rs. 42.97.
The BoM also intervened on the FOREX market on November 26 for the same sum and value.
Analysts report that the EUR and the USD value continue to remain relatively stable while the British pound lost 0.40% of its value since Friday (03 December) morning.
