Mauritian governor calls for RBA-style capitalisation

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Bank of Mauritius governor Rundheersing Bheenick has called on his country's government to hand the central bank the money it needs to sterilise its interventions in the foreign exchange market without suffering losses.

Talking to CentralBanking.com, Bheenick says his country could learn from the example of Australia where, in October, the government handed the Reserve Bank of Australia (RBA) A$8.8 billion ($8.5 billion) to replenish its reserves.

He says a similar "one-off transfer" would help

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