Relief due to the strong decline in land risk



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The financial area of ​​the Government of Mauritius Makry has had a week of tranquility due to the strong country decline which has been recorded in recent days. The recovery, which can be observed at the beginning of 2019, caused the indicators to close yesterday at 672 points, 160 points less than the peak reached in December.

The data has been added to the low level of the dollars in the final round of the week. North American currency fell 17 cents today and closed at $ 38.56 on average to the public national market, while the liquidity letter rate remained on the downward path and ended at 57,253%.

In the wholesale segment, the dollar fell to $ 37.58 but remained above the minimum floating volume currently operating between $ 37.55 and $ 48.59.

In this way, the wholesaler operated the central bank in the non-intervening zone, avoiding – like yesterday – the Monetary Center intervention in the single market and free of changes.

With this value, the dollar will open next Monday equaling the value of the floor of the gang.

The recent land-down risk is explained by the rise of sovereign bonds, which ended the week with a positive trend. A partition clarinet newspaper noted that the decline in land risk overlaps with the figures of inflation that these days recalled the very bad year -47.6% – with the downward trend that is showing the CPI from the peak reached in October. .

It also shares space in the information with the still very poor number of economic activity, which the government expects to begin to return from the second quarter, when the income of dollars of the gross fashion is fully lived.

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