Several changes are expected in the financial sector by the end of the year. The Bank of Mauritius (BoM) will have a new legal framework –...
The Bank of Mauritius has just issued a new Guideline on the use of cloud services which, despite their known advantages, “can expose financial institutions to...
The Gross Official International Reserves (GOIR) of the country increased marginally from July 2022 to August 2022. It amounted to Rs316.9 billion (equivalent to USD7.07billion) as...
The US Dollar shot up by 2.59% to reach Rs45.50 on Wednesday August 10 from Rs44.35 in the previous trading session. This pushed the Bank of...
International reserves declined to US $7.013billion as at end July 2022, down from US$7.63billion as at end June 2022. In Rupee terms, reserves fell by Rs29.4...
The Bank of Mauritius has reported a comprehensive loss of Rs5.5billion in May 2022, according to its monthly financial statement published on its website on August...
Reacting to the decision of Moody’s to review the sovereign rating of Mauritius from Baa2 Negative to Baa3 Stable, the Bank of Mauritius (BoM) has nonetheless...
In view of the sharp deterioration in global economic conditions, the MCB has forecasted a further downgrade of the domestic economy’s growth outlook for this year....
The Bank of Mauritius, the country’s central bank and regulator, has reportedly offered a top contract to an Indian company to conduct an overhaul of its...
Mauritians abroad are sending back lesser cash to the island, according to latest figure released by the Bank of Mauritius. From Rs742million in 2019, inward remittances...
