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Communiqué: Foreign Exchange Trading

11 December 2007, Bank of Mauritius

It is brought to the attention of the public that entities outside Mauritius are now using web-based platforms for foreign exchange trading. Such entities do not require the approval of Bank of Mauritius to carry out such operations from outside Mauritius. Banks as well as the public at large are therefore advised to take the necessary precautions to assess any counterparty risks before using such platforms for their trading activities.