Mauritius’s central bank plans to purchase foreign currency in the domestic market to boost its reserves and provide a stronger buffer against external shocks.
The target is to reach $8 billion by June next year and then raise its holdings to $10 billion over time, Bank of Mauritius Governor Harvesh Seegolam said, provided there is no other market upheaval.
Read More : Mauritius Takes Measures to Strengthen Reserves Amid Economic Uncertainty