The Mauritian banking structure is a fairly simple one, with banks mobilizing deposits in traditional ways and the lender knowing the borrower. The simple structure and traditional banking values, allied with normally non-intrusive regulation, have also contributed to the resilience of our banking system. Let me come to my final point – the Gold Bar project that H.E.
To this end, we will take particular care to avoid exacerbating any existing market frictions. More specifically, we will try to avoid, to the extent possible, purchasing specific securities such as current cheapest-to-deliver bonds underlying futures contracts, securities commanding “special” rates in the repo market as a sign of temporary scarcity, and other assets displaying significant liquidity shortages.