(3 Minutes Read)
The new Governor of the Central Bank stated two immediate priorities. First, he said that the central bank will have to implement policies to stabilize the value of the rupee and stop the depreciation of our currency. The second is to address the foreign exchange shortage in the Island Nation.
Rama Sithanen was appointed as the new Governor of the Bank of Mauritius and assumed his office. The new Governor of the Central Bank stated two immediate priorities. First, he said that the central bank will have to implement policies to stabilize the value of the rupee and stop the depreciation of our currency. The second is to address the foreign exchange shortage in the Island Nation.
Subsequently, the new Governor of the Bank of Mauritius will have to address other equally important issues, such as the Mauritius Investment Corporation Limited, the capitalisation of the Central Bank , the level of reserves, monetary policy, and other contingent liabilities.
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The new Governor also mentioned a state of affairs in the current situation and underscored the collaboration, and solidarity of everyone to address the vexatious problems faced by the country.
