Section 56: Government banker and financial adviser
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.
56. Government banker and financial adviser
(1) Subject to subsection (2), the Bank shall be the banker to Government, its adviser on monetary and financial matters and the depository of the
official foreign exchange reserves of Mauritius and of Government funds.
(2) The Bank may also act in such capacities to any Ministry, Government department, local authority or statutory corporation.
(3) Government may maintain working balances, at such market rates as
may be determined by the Bank, and shall generally make use of the services
of banks on such terms and conditions as may be agreed between the Bank,
Government and the parties concerned.
B2 – 28 (7) [Issue 9]
Bank of Mauritius Act
(4) The Minister may request the Bank to tender advice and to furnish
reports on matters relating to the objects of the Bank.
(5) The Bank shall advise the Minister on any matter which is likely to
affect the achievement of its objects.
continued on page B2 – 29
[Issue 9] B2 – 28 (8)
Revised Laws of Mauritius