The Central Bank of Mauritius is the primary monetary authority of Mauritius, responsible for formulating and implementing the country's monetary policy. Established in 1967, its main objectives include maintaining price stability, ensuring financial system stability, and promoting economic growth. The bank also manages the country's foreign exchange reserves and oversees the banking sector. In addition to its monetary functions, the Central Bank of Mauritius plays a crucial role in regulating and supervising financial institutions. It issues the national currency, the Mauritian Rupee, and works to foster a stable and efficient payment system, contributing to the overall economic development of Mauritius.