The Bank of Mauritius intends to limit its foreign reserve exposure to the U.S. dollar and the euro, Bloomberg reports. The Port Louis-based central bank will diversify to include more investment from trade partners, including China, India and South Africa. The country will seek to buy bonds from the three nations to diversify away from over-dependence on the euro and dollar. Nearly 67% of Mauritius’ food and fuels import bills are denominated in dollars, while Europe is the country’s chief trading partner for tourism and textiles.
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