Foreign Exchange Market: Second Intervention of 15 Million Dollars by the BoM in 2026

On March 9, the Bank of Mauritius intervened in the domestic foreign exchange market by selling a total of 15 million dollars at a rate of Rs 46.15 per dollar. This marks the second intervention by the central bank since the beginning of the year.

On January 14, the institution had already injected the same amount at a similar rate. The governor of the BoM, Dr. Priscilla Muthoora Thakoor, indicated that the recovery of the national foreign exchange market has reduced the need for more frequent interventions in this financial segment.

In 2025, the Bank intervened to sell a total of 220 million dollars, compared to 370 million in 2024. Since the last Monetary Policy Committee meeting in 2025 and the meeting held in February 2026, the central bank has sold 40 million dollars.