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Mauritius: Reserves in euro and US dollar by the Central Bank of Mauritius declined at the end of September 2014

The gross foreign exchange reserves mainly in US dollar (45%) and euro (29%) stored within the Central Bank of Mauritius were valued at end September 2014 to about 122 billion rupees * against 125 billion rupees a month earlier.
These foreign exchange reserves, also in Japanese yen (15%) and pound sterling (11%), thus constitute a coverage of approximately 6 months of imports, as reported by the Le Défi Quotidien newspaper.
As a reminder, the gross foreign exchange reserves had ceased to increase since December of last year.
In November 2013, these reserves amounted to 100 billion rupees, 110 billion in February 2014, 116 billion in April last and 121 billion rupees in June 2014.
* One euro roughly equivalent to 41 rupees

Fabrice François

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