Bank of Mauritius Denies Claims of Rs 83 Billion Monetary Injection

The Bank of Mauritius has issued a formal denial following claims made by former Finance Minister Renganaden Padayachy regarding a purported Rs 83 billion monetary injection in 2025.

In a clarification released this Tuesday, 12 May 2026, the central bank confirmed that no currency issuance or fund transfers to the government have taken place during the course of 2025.

The institution stated its commitment to maintaining a policy of transparency and cited a need to ensure the public accurately understands monetary and financial statistics.

The controversy arose following a video posted to Mr Padayachy’s Facebook page on 11 May.

In the footage, the former minister questioned the government’s current economic trajectory, specifically asking why Rs 83 billion would be injected into the economy this year if previous fiscal manoeuvres had been deemed detrimental.

Mr Padayachy defended his own record, referencing a Rs 55 billion transfer from the Bank of Mauritius to the state in 2020.

He noted that such measures were necessary at the time to combat the unprecedented health and economic crises triggered by the Covid-19 pandemic.

The Bank of Mauritius maintains that the allegations of a similar multi-billion rupee transfer in 2025 are entirely unfounded, asserting that no such financial activity has been recorded this year.

Source: Defi Media