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AfricaMoney | August 21, 2017

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Bank of Mauritius opens its doors to members of the public for the first time

Bank of Mauritius opens its doors to members of the public for the first time

The general public will have the opportunity to visit the central bank on Saturday, September 27, 2014 between 10am and 3pm, at its premises situated at the corner of Royal and Bourbon Streets, Port Louis. (Image: Troxsa)

Mauritius’ central bank informed the public at large that it is organising its First Open Day at its premises, situated at the corner of Royal and Bourbon Streets, Port Louis.

For the first time since its inception, the general public will have the opportunity to visit the central bank on Saturday, September 27, 2014 between 10am and 3pm.

The aim of the central bank being to ensure the promotion of adequate and reasonable services to the public, visitors on Open Day will have the chance to have guided tours to selected floors of the Bank as well as to learn about the core functions of the Bank.

The tours will include visits to the Board Room and the Committee Room where the Monetary Policy Committee meetings are held.

Besides, the central bank recently organised road shows across the island to take feedback from members of the public on the “Banking Your Future” report.

Members of the public were invited to come and meet the Bank of Mauritius’ team at different venues such as – Port-Louis; Rosehill; Quatres-Bornes; and Chemin Grenier – to share their views on the “Banking your Future” report, which recommends measures to reform the banking sector.

It may be noted that the Mauritian economy and the financial landscape of Mauritius have undergone significant changes since the establishment of the central bank, for instance: exchange control was completely abolished in July 1994 and direct credit control, which served its purpose in the old days, is no longer an instrument of monetary control.

About Bank of Mauritius:

Established in September 1967, Bank of Mauritius was modelled on the Bank of England and was set up with the support of senior officers of the Bank of England.

The basic objectives of the Banking Act are to maintain a sound banking system in Mauritius and to protect the interests of depositors.

The Mauritian central bank is required to ensure the promotion of adequate and reasonable services to the public; a high standard of conduct and management throughout the banking and credit system; a sound financial structure; and the maintenance of such policies as may be in the national interest.

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