Shift From Dollar Boosts Growth Prospects for Emerging Nations

Jeetun stressed that in today’s volatile global environment, reliance on hard currencies limits the policy space of small and medium economies. By trading in Indian and Mauritian rupees, businesses can sidestep exchange‑rate shocks and access more predictable financing. The minister linked this approach to the recently ratified Double Taxation Avoidance Agreement, which she said will give investors greater certainty. Together with the Comprehensive Economic Cooperation and Partnership Agreement, the currency initiative should deepen trade volumes beyond the current modest levels, especially as Mauritius positions itself as a gateway to African markets.