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Duval claims Central Bank broke the law by not publishing ‘balance sheet’

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Duval claims Central Bank broke the law by not publishing 'balance sheet'

Mauritius’ Central Bank has come under attack by Opposition Leader Xavier-Luc Duval, who  claims that it failed to comply with Section 32(5) of Bank of Mauritius Act.

“In its monthly bulletin issued yesterday (Friday 20 May), the Bank of Mauritius did not publish its ‘balance sheet’ for the month of April 2022. It’s as if they did not want to reveal the Bank’s fragile situation,” he was cited as telling Defi Media.

The opposition leader reportedly alleged  that the Bank of Mauritius had “broken the law!”

“Section 32 (5) of the Bank of Mauritius Act requires that the balance sheet of the central Bank to be made public as soon as possible at the end of each month,” l’Express cited Duval as saying.

Duval called for the revocation of the Board of the Central Bank.

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The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.