Indian Ocean Times - only positive news on indian ocean

Mauritius: Gold investments within the reserves of the country increased by 150%




The international financial reserves of the Central Bank of Mauritius by the end of March 2015 are constituted mostly of euros and dollars, pound sterling, Japanese yen as well as gold, or 8.7% reserves of the country in a safe haven.
 
Reserves were thus amounted to 140.7 billion rupees. * Within a year, the reserves rose by 25.6%. 12.7 billion rupees have thus been placed in the precious metal in which investments jumped by 150% in one year.
 
The international reserves represent a coverage of about 7 months of imports for the country. The Mauritian authorities want to reap a maximum number of gold deemed a safe haven of choice in times of crisis and meet the country's international reserves to deal all economic eventuality.
 
* One euro roughly equivalent to 39 rupees



.


More from Indian Ocean Times :
< >

Thursday, September 29th 2016 - 09:14 AirAsia X Inaugural flight