The BoM Continues Its Currency Sales with a New Intervention of 15 Million Dollars

The Bank of Mauritius intervened in the domestic foreign exchange market on November 13 by selling 15 million US dollars at an exchange rate of Rs 45.80 per dollar. This operation is part of its ongoing efforts to support market stability. Between the Monetary Policy Committee meeting in August and the one on November 12, the Bank sold a total of 100 million US dollars, primarily intended for importers of essential goods and SMEs.

During the press conference following the Monetary Policy Committee on November 12, the Governor of the BoM, Priscilla Muthoora Thakoor, highlighted that since the beginning of the year, "the total sales in foreign currency have reached 190 million US dollars, compared to 335 million for the same period in 2024."