International Reserves: A Financial Cushion of USD 9.8 Billion

As of March 31, Mauritius' international reserves amount to 9.8 billion dollars. In simple terms, this represents the country’s financial cushion in foreign currencies, used to pay for imports, stabilize the rupee, or respond to economic shocks. The majority of these reserves—approximately 7.6 billion dollars—are held in currencies such as the dollar or euro. This money is largely invested in safe bonds (about 5.5 billion...