Bank of Mauritius to offer gold as public savings tool

mauritius-gold-bars

The Bank of Mauritius will begin selling minted gold bars to the public in November, in a bid to promote a savings culture in the country.

Bars of a purity of .9999 will be available in weights of 10, 50 and 100g, and will be priced daily based on the value of gold traded on the international market. Prices will begin from 18,250 Mauritian rupees ($585), according to central bank estimates.

The bars will be sold with a buyback option, distinguishing them from the gold and platinum coins the cent

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