Moreover, having regard to the international trend, I wonder whether the Bank of Mauritius, as the sole issuer of legal tender in Mauritius, could possibly consider issuing central bank digital currency in the coming year(s).
The implementation of the National Payment Switch, which is well underway, is expected to add more impetus and dynamism to the payment systems infrastructure by providing a multifaceted inter-bank switching platform for various payment channels that will easily integrate local and international payment systems. Additionally, instantaneous access to bank accounts has become the basis for digitalisation of the economy.