Bank of Mauritius: Rama Sithanen appointed governor

Harvesh Seegolam believed that he would remain in office until the arrival of the new Minister of Finance. Questioned by LeMauricien early in the evening, Rama Sithanen confirmed that he will assume his duties this morning. This appointment follows a recommendation from Prime Minister Navin Ramgoolam to the President of the Republic, Pritvirajsingh Roopun.

The new Governor of the Central Bank stated two immediate priorities. “First we will have to implement policies to stabilise the value of the rupee and stop the depreciation of our currency. Then we will have no choice but to address the shortage of foreign exchange in the market,” said Rama Sithanen.

Subsequently, the new Governor of the Bank of Mauritius will have to address other equally important issues, such as the Mauritius Investment Corporation Limited, the capitalisation of the Central Bank, the level of reserves, monetary policy and other contingent liabilities. He also mentioned a state of affairs. “In the current situation, collaboration, patriotism and solidarity of everyone are essential,” he also had to make clear.