Bank of Mauritius Sold 20 Million USD

On Monday, August 5th, the Bank of Mauritius (BoM) sold 20 million US dollars at an exchange rate of 46.40 Mauritian rupees per dollar. This action is part of the central bank’s ongoing efforts to stabilize the foreign exchange market amid a recent shortage of US dollars in the country.

Earlier this year, the BoM had signaled that it would take steps to address the demand for foreign currency whenever deemed necessary.

This approach has led to a series of interventions throughout 2024, detailed as follows:

• February 2: Purchased 200,000 US dollars
• April 1: Sold 5 million US dollars
• July 8: Sold 50 million US dollars
• July 15: Sold 50 million US dollars
• July 22: Sold 25 million US dollars
• July 29: Sold 25 million US dollars
• August 5: Sold 20 million US dollars
• Source: Defi Media