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Section 46: Official foreign reserves

Bank of Mauritius Act · PART VII: OFFICIAL FOREIGN RESERVES AND SPECIAL RESERVE FUND

consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

46. Official foreign reserves (1) Subject to subsection (2), the Bank shall maintain and manage the official foreign exchange reserves of Mauritius consisting of all or any of the following— (a) gold; (b) foreign exchange in the form of currency or bank balances held abroad; (c) the holdings by Mauritius of Special Drawing Rights of the International Monetary Fund; (d) assets expressed in freely convertible currencies. (2) The Bank shall determine the composition of the official foreign exchange reserves and it shall aim to achieve their security, liquidity and return.

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