Mauritius Considers Starting Foreign-Exchange Futures
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Mauritius is may introduce foreign- exchange futures contracts to complement swaps to boost competition, central bank Governor Rundheersing Bheenick said.
The bank, which is based in Port Louis, also plans to post a central rate at which it is prepared to “conduct sale and purchase operations” for large-volume foreign-currency transactions, Bheenick said in a speech dated Aug. 26 and published on the bank’s website today.