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Mauritius: Euro and US dollar in the Central Bank of Mauritius reserves continue to increase

The gross foreign exchange reserves mainly euro and US dollar stored within the Central Bank of Mauritius amounted at the end June 2014 to about 121 billion rupees * compared to 117 billion rupees a month earlier.
These foreign exchange reserves represent coverage of 6 months of imports, or about 180 days of reserve insurance, as reported in the Le Défi Quotidien newspaper.
109 billion rupees as part of the stored crude reserves were invested in various financial investments.
As a reminder, the gross foreign currency reserves increased 10% from April 2013 to April 2014.
* One euro roughly equivalent to 41 rupees

Fabrice François

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