Mauritius: Ramesh Basant Roi - «Why do some people still have preference for cash in our economy... »

10 September 2018

It boggles the mind of Ramesh Basant Roi : «Why does a class of people in Mauritius have a preference for cash, particularly for high denomination banknotes ?» The former Governor of the Central Bank explains why the entire family of banknotes in the country must be replaced. A real lecture for our parliamentarians who blindly followed the Prime minister and minister of Finance in resisting the monetary change.

A rising number of counterfeited Rs2,000 banknotes is reported to be in circulation. Sellers are being advised to check their genuineness with the help of an electronic equipment. Is there any alternative way of ascertaining the genuineness of banknotes?

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