I would here encourage all CEOs of banks to be closely follow developments in this area, and engage with their teams, given the strategic importance of CBDCs. The Bank of Mauritius does not envisage to limit its exploration at the domestic front but is considering the use of CBDC for cross-border transactions as a Phase 2.
To bring them on stream in an orderly manner we are putting in place an on-line real-time monitoring system. This is all part of the vigilance necessary to improve on our record in the implementation of the Financial Intelligence and Anti-Money Laundering regime.