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...
A statement by Malachy McAllister that he never resigned as CEO of AfrAsia Bank’s and that his employer “abruptly and wrongfully terminated” his contract is viewed...
After concluding the Article IV consultation with Mauritius, the Executive Board of the International Monetary Fund (IMF) has insisted again on the need for the island’s...
Opposition MMM leader Paul Berenger has accused the Central Bank as being a “department of the Ministry of Finance because it is funding the country’s budget’....
