Parliament: PQ - Exchange Rates: BoM Observes a Return to Stability of the Rupee

In response to MP Manoj Seeburn, the Prime Minister stated that the value of the Mauritian rupee has stabilized over the past year, following a decade of significant depreciation. Between 2014 and 2024, the rupee lost 46% of its value against the dollar and 21% against the British pound, a trend described as "voluntary" and "exacerbated" by the monetary creation of Rs180 billion. This policy is believed to have fueled inflation and further economic challenges.