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Mauritius: The Central Bank of Mauritius wants to develop a new computer language for the transmission of financial data

The Central Bank of Mauritius decided to modernise its computer system through the adoption of the XBRL language (1) to describe the financial reports and the sending of data over the Internet.

The Central Bank of Mauritius has thus recently signed an agreement with the Indian company, Iris, for the implementation of this computer language that will be operated in two stages and which cost between 150 million rupees (2) and 200 million rupees of investment within five years, as reported by the Le Défi Quotidien newspaper.
 "We are the first Central Bank in Africa to adopt this system," said last weekend Rundheersing Bheenick, Governor of the Central Bank of Mauritius.
(1) The extensible Business Report is a computer language based on XML, used to define the financial data
(2) one euro roughly equivalent to 41 rupees

Fabrice François

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