De-dollarisation and Trade Diversification in Mauritius

De-dollarisation and Trade Diversification in Mauritius

De-dollarisation is forcing Mauritius to adopt strategic diversification. This phenomenon is expected to accelerate, with the US dollar gradually losing its influence in trade. In this context, Mauritius stands to benefit by limiting its dependence on this currency.

Paul Baker, CEO of International Economics Consulting Ltd, notes that the prospects of holding assets in yuan or Indian rupees do not offer better protection against financial risks. He points out that the situation may be different for the euro or the Swiss franc, although even these face challenges, such as recent instability in the Swiss franc and sluggish growth in the eurozone amid geopolitical tensions with Russia.

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