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Exchange rate: the BOM intervenes to stabilize the currency market

17/12/2020
Source : defimedia.info
Categories: Economy/Forex Rate

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The Bank of Mauritius intervened in the domestic foreign exchange market on Wednesday December 16, 2020.

This intervention by the Bank of Mauritius aims to stabilize the currency market and ensure that there is no shortage during this period of crisis.

It sold for 25 million US dollars at a rate of Rs 39.35 per dollar. This represents an amount of Rs 984 million.

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