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Bank of Mauritius celebrates 40 years.

Mauritius is one of the few countries in the world where the Central Bank was created before independence. The Bank of Mauritius, an autonomous bank found at Sir William Newton Street in the capital Port-Louis, started its operations on 15th August 1967, while the island became independent on 12th March 1968.

Governor Rundheersing Bheenick said that one of the tasks of the bank would be to sensitise the population on its role and its importance, during celebrations marking the 40th anniversary of the bank. "It is surprising that even people working for the bank do not really know much about the role and functions of this institution," he explained.

An information campaign will be launched to sensitise the population on finance and banking services. Officers of the bank will go to primary and secondary schools round the island to inform students on the role of the Bank of Mauritius and to inculcate the savings culture in them.

Festivities to mark this event also include the launching of a Rs20 (65c) coin by the end of the year and the issue of a new family of banknotes in 2008. Young artists will be invited to create the new designs of the banknotes.

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Comment:Bank of Mauritius celebrates 40 years.(FOCUS ON MAURITIUS)
Author:Rosenberg, Anna
Publication:African Business
Article Type:Brief article
Geographic Code:6MAUI
Date:Oct 1, 2007
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