Bank of Mauritius

𝐀𝐩𝐩𝐨𝐢𝐧𝐭𝐦𝐞𝐧𝐭 𝐨𝐟 𝐃𝐞𝐩𝐮𝐭𝐲 𝐆𝐨𝐯𝐞𝐫𝐧𝐨𝐫𝐬 Members of the public are hereby informed that His Excellency Prithvirajsingh Roopun, G.C.S.K., President of the Republic of Mauritius, has, in accordance with Section 14 of the Bank of Mauritius Act 2004, and upon the recommendation of the Prime Minister of the Republic of Mauritius, appointed Mr Rajeev Hasnah as First Deputy Governor and Mr Gérard Sanspeur as Second Deputy Governor of the Bank of Mauritius with effect from 2 December 2024.

📢𝐁𝐚𝐧𝐤 𝐨𝐟 𝐌𝐚𝐮𝐫𝐢𝐭𝐢𝐮𝐬 𝐢𝐬𝐬𝐮𝐞𝐬 𝐧𝐞𝐰 𝐩𝐨𝐥𝐲𝐦𝐞𝐫 𝐑𝐬𝟏𝟎𝟎𝟎 𝐛𝐚𝐧𝐤𝐧𝐨𝐭𝐞📢 The Bank of Mauritius is pleased to announce the introduction of new Rs1000 polymer banknotes. These new banknotes are designed to enhance security and durability while maintaining the familiar look of the existing paper notes. 🔒 Key Features: 1️⃣ Enhanced Security: The new Rs1000 polymer banknotes feature a Dodo within a transparent window and a ‘SPARK Flow® PRIME’ security element. 2️⃣ Durability: Polymer notes are more durable and resistant to wear and tear compared to paper notes. 3️⃣ Legal Tender: Both the new polymer and existing paper Rs1000 banknotes will circulate together and remain legal tender. The Bank of Mauritius is working closely with financial institutions and cash handlers to ensure a smooth transition to the new banknotes. Additionally, polymer notes in Rs100 and Rs200 denominations will be introduced in 2025. For more information on the security features of the new polymer banknotes, please visit our website at https://www.bom.mu. #centralbank #currency #banknotes #innovation #security #durability #financialinclusion #financialliteracy #legaltender #banking #sustainability #Mauritius

𝗔𝗽𝗽𝗼𝗶𝗻𝘁𝗺𝗲𝗻𝘁 𝗼𝗳 𝗗𝗿 𝗥𝗮𝗺𝗮 𝗞𝗿𝗶𝘀𝗵𝗻𝗮 𝗦𝗶𝘁𝗵𝗮𝗻𝗲𝗻, 𝗚.𝗖.𝗦.𝗞., 𝗮𝘀 𝗚𝗼𝘃𝗲𝗿𝗻𝗼𝗿 𝗼𝗳 𝘁𝗵𝗲 𝗕𝗮𝗻𝗸 𝗼𝗳 𝗠𝗮𝘂𝗿𝗶𝘁𝗶𝘂𝘀 Members of the public are hereby informed that His Excellency Prithvirajsingh Roopun, G.C.S.K., President of the Republic of Mauritius, has, in accordance with Section 13 of the Bank of Mauritius Act 2004, and upon the recommendation of the Prime Minister, appointed Dr Rama Krishna Sithanen, G.C.S.K., as Governor of the Bank of Mauritius for a period of three years with effect from the 16th of November 2024.

📣 Today is the day! We are thrilled to welcome teams from universities across Mauritius to Innov8’s inaugural Hacktiv8 cybersecurity hackathon. 💻🔒 Best of luck to all participants! #Hacktiv8 #Innov8 #CybersecurityChallenge #Hackathon #TechTalent #Innovation #Mauritius #centralbank #hacking #competition #university #challenge

📢Strengthening Global Partnerships: Inauguration of the World Bank Group’s New Office in Mauritius🇲🇺 On 23 September 2024, we marked a significant milestone in our partnership with the World Bank Group, with the inauguration of the World Bank Group’s new office in Port-Louis. This historic event, led by Dr the Honourable Renganaden Padayachy, Minister of Finance, Economic Planning and Development, and hosted by Mr Harvesh Seegolam, G.C.S.K., Governor of the Bank of Mauritius, symbolizes the deep-rooted cooperation between Mauritius and The World Bank Group. The new office is the first international organisation to open under the Centre for International Cooperation initiative, announced in the 2023-2024 Budget speech. This development reinforces the commitment to strong international partnerships, ensuring inclusive and resilient growth for Mauritius as we aim for high-income status. We look forward to seeing the continued collaboration between Mauritius and the World Bank Group, working towards sustainable development and global financial cooperation. #WorldBankGroup #BankofMauritius #InternationalCooperation #EconomicDevelopment #MauritiusFinance #GlobalPartnerships #ResilientGrowth #HighIncomeStatus #GlobalDevelopment #StrategicPartnerships #MauritiusLeadership #SustainableDevelopment #EmergingMarkets #InvestmentInAfrica #FinancialGrowth #EconomicLeadership #GlobalFinance #AfricaRising #InclusiveGrowth #MauritiusEconomy #InternationalRelations #FinancialCooperation

🚀 Exciting news from Innov8, the Bank of Mauritius Innovation Hub! We're thrilled to announce the launch of our inaugural hackathon, Hacktiv8! This first edition will spotlight a Cybersecurity Hacking Challenge🛡️, exclusively for university students across Mauritius! 🇲🇺 🗓️ Date: Friday, 27 September 2024 🕗 Time: 08h00 to 17h00 📍 Location: Innov8, Level 8, The Docks, Tower 4, Caudan Theme and Participation: Form a team of 3-5 members, led by your institution’s academic staff. ⏳ Don't miss out! Registration Deadline: 24 September 2024 🏆 Prizes: 🥇 Winner: Rs 250,000 🥈 Runners-up: Rs 25,000 Ready to accept the challenge? Register now! 🔗 https://lnkd.in/d-jAc9fg Or visit www.bom.mu #Hacktiv8 #Innov8 #Cybersecurity #Hackathon #Innovation #Mauritius #TechCommunity #UniversityChallenge #CyberChallenge #centralbank #digitaltransformation #

📢 The Monetary Policy Committee of the Bank of Mauritius cuts the Key Rate by 50 basis points The Monetary Policy Committee (MPC) met today, 20 September 2024, and unanimously decided to reduce the Key Rate by 50 basis points to 4.00% per annum 📉. This decision reflects strong global growth 🌍 and ongoing rate cuts by major central banks. In Mauritius, Q1 2024 GDP grew by 6.4%, driven by tourism, construction, and financial services 🏖️🏗️💼. Inflation dropped to 4.0% in August 2024 from 11.3% in February 2023, and is expected to stabilize at this level by year-end. The MPC believes this disinflationary trend allows for a rate cut while maintaining economic stability. #MonetaryPolicy #InterestRates #GlobalGrowth #MauritiusEconomy #InflationUpdate #MPCDecision #CentralBank #Mauritius #inflation #EconomicGrowth #FinancialStability #RateCut #PolicyUpdate #Disinflation #InvestmentClimate #Macroeconomics #GDPGrowth #CentralBanking #EconomicDevelopment #InterestRatePolicy #MarketUpdate

📢VACANCY We are seeking dynamic individuals to join our Communications team. 1. 📝 Bank Officer Grade I - Communications 2. 🏛️ Bank Officer - Museum Application deadline: Friday 27 September 2024 Visit our website to apply: https://lnkd.in/dgqpgSSe

Officially launched by Mr Mathias Cormann, Secretary General of the OECD - OCDE, together with Dr. the Hon. Renganaden Padayachy, Minister of Finance, Economic Planning and Development and Mr Harvesh Seegolam, Governor of the Bank of Mauritius, the OECD-Africa Roundtable on banking and financial markets gathered central bank Governors from all around Africa to discuss the key topic of « Green and Smart Finance for a Robust and Inclusive Growth in Africa ». The two high-level panel discussions, chaired by Governor Harvesh Seegolam and Governor Aivo ANDRIANARIVELO, respectively, provided insightful remarks to reflect on « Digital payments and banking system as a transformative vehicle for Africa's development » and on « The potential of green finance in Africa's sustainability journey ». #OECD #Africa #collaboration #green #digital #payment #roundtabel #economy #finance #sustainablefinance

🌍 It has been an honour for the Bank of Mauritius to welcome Mr Mathias Cormann, Secretary General of the OECD - OCDE, on the occasion of the signing ceremony of the Country Programme, signed for the Republic of Mauritius by Dr the Honourable Renganaden Padayachy, Minister of Finance, Economic Planning, and Development. 📢 As highlighted in the keynote address by Governor Harvesh Seegolam, the Bank of Mauritius is committed to successfully leading the 4th pillar of the Country Programme, focusing on regional integration and the role of Mauritius in promoting OECD norms and standards in Africa. We will also continue supporting the economic survey conducted by the OECD Mauritius Desk over the next 3 years. #centralbanks #economy #finance #economicdevelopment #sustainablefinance #sustainability #regionalintegration #publicpolicy #Africaleadership #globalstandards #economicsurvey #collaboration #investment #OECD #Mauritius #Africa