Although the euro occupies the second place as a reserve currency after the dollar, the gap between the two currencies is large. Before these data can be properly interpreted, however, various statistical effects that suppress the actual value of the euro share must be taken into consideration.
Later it became the Port-Louis Clearing House. Over the years, the Port-Louis Clearing House went through a process of modernization. First the cheques were standardised with the introduction of the Magnetic Ink Character Recognition (MICR) technology. Concurrently, information regarding clearing and settlement of cheques started being exchanged through the Mauritius Automated Clearing and Settlement System (MACSS).