Bank of Mauritius

What Bank of Mauritius does

The Bank of Mauritius is the central bank of the Republic of Mauritius, founded in 1967 and headquartered on Sir William Newton Street in Port Louis. It is a government state entity whose statutory mandate is to promote and maintain monetary and financial stability in Mauritius. The bank issues the national currency (polymer banknotes and commemorative coins), sets monetary policy through a Monetary Policy Committee (Key Rate of 4.75% as of 20 May 2026 against 4.2% inflation), supervises licensed banks and foreign exchange dealers, manages national foreign exchange reserves, and operates national payment and settlement systems including the Mauritius Automated Clearing and Settlement System (MACSS), the Port Louis Automated Clearing House (PLACH), and the MauCAS QR Code retail payment standard. It is also consulting publicly on a Central Bank Digital Currency (Digital Rupee).

The bank's product portfolio spans three pillars: (1) payment and settlement systems (MACSS, PLACH, MauCAS QR Code, and the developing CBDC); (2) government and central bank securities, including Treasury Bills, Treasury Notes, Government Bonds across 5/7/10/15/20-year maturities, Inflation-Indexed Bonds, Silver Bonds, Retail Savings Bonds, Treasury Certificates, Sustainable Bonds, Switch Auctions, and Bank of Mauritius Bills/Notes/Bonds; and (3) currency products, including polymer banknotes (with Gemini security features), commemorative coins, and precious metal coins (Dodo Gold, Platinum). Additional operations include the wholly-owned Mauritius Credit Information Bureau (MCIB), a Climate Change Centre, a Financial Literacy Museum, and an online commemorative coin store. The bank maintains a regional office in Rodrigues.

The Bank of Mauritius does not operate on a commercial revenue model. Its counterparties are the Government of Mauritius (for sovereign debt issuance and public debt management), licensed banks and FX dealers (for reserve management, supervision, and payment system access), and the general public (for currency and retail savings products). Distribution occurs through competitive tender auctions, licensed primary dealers, direct retail bond channels, and the commemorative coin e-commerce storefront. Strategic partnerships include the Association of African Central Banks (AACB), the French Development Agency (AFD) for the SUNREF green finance programme, and coordination with domestic bodies including the Financial Services Commission, Financial Intelligence Unit, and the Mauritius Deposit Insurance Scheme.

Name

Bank of Mauritius

Legal name

Bank of Mauritius

Website

https://bom.mu

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

251–500 employees

Short description

The Bank of Mauritius is the central bank of the Republic of Mauritius, founded in 1967 and headquartered in Port Louis, responsible for monetary policy, currency issuance, financial supervision, national payment systems, and government securities management.

Ownership category

akta.pro rank

Product category

Central Banking

NAICS

Monetary Authorities-Central Bank (52111), Monetary Authorities-Central Bank (521110), Monetary Authorities-Central Bank (5211)

SIC

Functions Related To Depository Banking, Nec (6099), Finance Services (6199)

akta.pro primary industry

International Monetary & Financial Stability Institutions (BPADACAE)

akta.pro secondary industries

Treasury & Cash Management (BPAIAEAB), Sovereign Bonds (FSACABAC), Government Bonds & Sovereigns Trading (FSACAEAA)

Keywords

• Central banking services
• Monetary policy management
• Payment systems infrastructure
• Government securities issuance
• Financial sector supervision

Headquarters

HQ city

Port Louis

HQ country

Mauritius

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Bank of Mauritius is the central bank of the Republic of Mauritius, promoting and maintaining monetary and financial stability. It issues currency (polymer banknotes and commemorative coins), conducts monetary policy through the Monetary Policy Committee, issues and manages government and central bank securities, operates national payment and settlement systems (MACSS, PLACH, MauCAS QR Code), and supervises licensed financial institutions including banks and foreign exchange dealers. It also runs the Mauritius Credit Information Bureau (MCIB) and provides foreign exchange services.

Product overview

The Bank of Mauritius operates as the central bank of the Republic of Mauritius, offering a comprehensive suite of financial products and services. The organization's product portfolio is organized around three core areas: (1) Payment Systems including MACSS, PLACH, MauCAS QR Code, and the developing CBDC/Digital Rupee; (2) Government and Bank Securities including Treasury Bills, Treasury Notes, Government Bonds in various maturities (5, 7, 10, 15, 20 years), Inflation-Indexed Bonds, Silver Bonds, Retail Savings Bonds, Savings Bonds, Treasury Certificates, Switch Auctions, and Sustainable Bonds; and (3) Currency Products including Polymer Bank Notes, Commemorative Coins, and Precious Metal Coins (Gold and Platinum). Additional services include the Mauritius Credit Information Bureau (MCIB), Foreign Exchange Services, a Climate Change Centre for sustainable finance research, and a Financial Literacy Museum. The Bank also issues specialized commemorative bonds such as the Emerald Jubilee Bond and 55th Independence Anniversary Certificates/Notes.

Differentiator

Problem solved

Functional benefit

Products and services

• Mauritius Automated Clearing and Settlement System (MACSS)

Quantifiable outcome

• The Monetary Policy Committee sets Key Rate at 4.75% (May 2026) to control inflation at 4.2% (May 2026)
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eight partnerships are on record, tiered flagship, core and minor.

• Association of African Central Banks (AACB)flagshipStrategic or Co-development Partner · 1 January 2026The Bank of Mauritius participates in AACB meetings, including the 47th Meeting of the Assembly of Governors held in Cameroon. AACB fosters cooperation among African central banks.
• French Development Agency (AFD)coreStrategic or Co-development Partner · 1 January 2025The Bank of Mauritius strengthened its commitment to sustainable finance through collaboration with AFD on the SUNREF Programme. SUNREF is a financing tool for green projects.
• Mauritius Deposit Insurance SchemecoreStrategic or Co-development PartnerJoint initiative for deposit insurance protection in Mauritius, providing coverage for eligible deposits at member institutions.
• Guichet Unique/MOFEPDminorOthersGovernment portal for business and administrative services, linked as a useful resource for financial services.
• Financial Services CommissionminorOthersMauritian regulator for non-bank financial services, linked as a related regulatory authority.
• Financial Intelligence UnitminorOthersMauritian body responsible for combating money laundering and terrorist financing, linked as related authority for AML/CFT compliance.
• International Monetary FundminorOthersInternational organization linked as a resource for economic and financial data.
• World BankminorOthersInternational financial institution linked as a useful resource.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Central Bank of Seychelles: Central bank of another small Indian Ocean island economy with comparable tourism dependence, narrow financial system, and similar policy mandate. Closely comparable in scale, product scope (currency issuance, FX management, payment systems), and supervisory function.
• Bank of Botswana: Sub-Saharan African central bank with a comparable small-to-mid economy mandate, sovereign securities issuance, and Monetary Policy Committee structure. Similar product mix in monetary operations and financial stability oversight.
• Bank of Ghana: West African central bank operating Monetary Policy Committee framework, issuing government securities across the yield curve, and modernizing payment systems. Comparable in policy tooling and emerging-market central banking challenges.
• Central Bank of Sri Lanka: Small island-economy central bank in the Indian Ocean region with comparable tourism dependence, narrow domestic market, and an active Monetary Policy Board. Highly relevant for lessons on small-economy crisis management and CBDC exploration.

Broad incumbents

• Reserve Bank of India: Larger regional central bank with which Mauritius has deep historical and financial ties (rupee heritage, capital flows, Indian Ocean diaspora). Operates a far broader product set including CBDC (digital rupee) already in pilot, which is directly relevant to BoM's CBDC roadmap.
• South African Reserve Bank: Largest sub-Saharan African central bank and a key reference point for regional monetary cooperation via AACB. Comparable core mandate (price stability, payment systems, bank supervision) at significantly larger scale.
• Reserve Bank of New Zealand: Small advanced-economy central bank with an Inflation Targeting regime, MPC, and a strong financial-literacy program — structurally analogous to Bank of Mauritius in terms of single-jurisdiction, single-currency mandate at a small scale.
• Bank of England: Historical reference central bank given Mauritius's British colonial legacy; operates the same core toolkit (MPC, sovereign auctions, payment systems, polymer-style notes) at vastly larger scale. Useful benchmark for policy framework and balance-sheet operations.
• Bank of Canada: Advanced-economy central bank widely regarded as a benchmark for inflation targeting, MPC transparency, and payment-system modernization — relevant as a comparator for BoM's stated policy framework and CBDC consultation approach.

Others

• Bank of England (CBDC program — comparator): Other central banks exploring CBDCs (e.g., Eastern Caribbean Central Bank, Central Bank of The Bahamas, Banque de France wholesale CBDC) are relevant as parallel emerging-market and advanced-economy CBDC implementers that shape global standards BoM will need to align with.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/bom_mauritius
• Facebookfacebook.com/bankofmauritius
• LinkedInlinkedin.com/company/bank-of-mauritius

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bank of Mauritius