And for those of you who may be inclined to believe that dabbling in derivatives by Central Banks is a risky business, let me assure you that promoting the development of the foreign exchange market and derivatives is very much part of the remit of the Bank.
On a previous occasion when I had the honour to address a GBOT audience – it was on the occasion of the Seminar on Currency Derivatives in July 2009 – I had emphasized that financial development in Mauritius was incomplete and had a long way to go if we are to be reckoned as an international financial centre.