In this context, I will shortly be meeting with the Islamic Financial Services Board of Malaysia to discuss the adherence of the Bank of Mauritius to this international standard setting body comprising regulatory and supervisory agencies worldwide which have interest in enhancing the soundness and stability of the Islamic Financial Services Industry.
I believe that the time is now right to envisage a suitable currency exchange system between our two countries. There has been significant expansion in trade and tourism between India and Mauritius. I understand that around 50,000 tourists from India are expected to visit Mauritius this year and that 20,000 Mauritians would have travelled to India.