The Bank of Mauritius and Bank of China Limited have officially launched Bank of China (Mauritius) Limited as the RMB Clearing Bank in Mauritius, operationalising RMB clearing services in the jurisdiction. The launch follows a memorandum of understanding between the Bank of Mauritius and the People’s Bank of China that designated Bank of China (Mauritius) Limited as the official RMB clearing bank. The clearing arrangement is intended to facilitate settlement of trade, investment and cross-border transactions denominated in RMB for businesses and financial institutions, and is positioned as part of the Bank of Mauritius’ efforts to improve the efficiency, resilience and diversification of Mauritius’ international payment systems. The authorities also linked the move to Mauritius’ role in supporting trade and investment flows between Africa and Asia.
Bank of Mauritius 2025-06-12
Bank of Mauritius launches Bank of China (Mauritius) Limited as Mauritius’ official RMB clearing bank
The Bank of Mauritius and Bank of China Limited have launched Bank of China (Mauritius) Limited as the official RMB Clearing Bank in Mauritius, following an agreement with the People’s Bank of China. This initiative aims to enhance the settlement of RMB-denominated transactions and bolster Mauritius' international payment systems, supporting trade and investment between Africa and Asia.