Bank of Mauritius, Central Bank of Mauritius
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The Bank of Mauritius is the central bank of Mauritius founded in the year 1967. Since then the bank has been operating with an objective of safeguarding the internal and external value of the currency and to achieve a higher economic growth through suitable monetary policies.
Some of the important functions of the bank are as follows:
- Formulating and implementing a suitable monetary policy
- Issuing the currencies
- Acting as a banker to bank and Government
- Managing the public debt
- Controlling the Foreign Exchange Reserves
- Supervising the activities of commercial banks
The bank has adopted many roles and regulations in the country’s economy to achieve economic success. In a free market economy, the role of the central bank is largely felt and the bank of Mauritius has stepped forward in the same direction.
The Address and Contact details of the bank is as follows:
Bank of Mauritius
Address: P.O. Box 29 Port Louis MAURITIUS
Phone No.: ++230-2-08 41 64
Fax: ++230-2-08 92 04
