RTRS:Mauritius c.bank diversifying reserves away from dollar, euro
NAIROBI (Reuters) - Mauritius is cutting its foreign reserve exposure to the U.S. dollar and the euro due to debt concerns in both regions by purchasing commodity currencies and is eyeing government securities from some of the BRIC nations, its central bank chief said on Monday.
"We have diversified into commodity currencies like the Australian and Canadian dollars and the Norwegian and Swedish kronors. We are looking to buy Chinese, South African and Indian bonds," Bank of Mauritius Governor Rundheersing Bheenick told a media conference in the Kenyan capital, Nairobi.
