The outgoing Bheenick had repeatedly been at odds with the government in Mauritius which, along with other factors, led to a divorce with the central bank. Mr. Basant Roi joined the Bank of Mauritius back in 1976, previously serving as its governor between 1998 and 2006.
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Mr. Basant Roi’s reappointment was paved by the departures of Rundheersing Bheenick and one of his deputies, Mohamad Issa Soormally. Mauritius is a curious case for the financial industry, having established its role as a niche locale for many types of investments, including FX, which now boasts a number of brokers.