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The black market for foreign currency is on the rise in Mauritius, something, “ Defi Media” writes that the authorities are aware of.

According to the daily paper, the margin between exchange rates proposed by the banks and licenced money changers is significant. However, though travellers make use of the parallel market, others avail of the circuit for other reasons.
The paper reports that on October 23, police confiscated $ 12,000 (nearly half a million rupees)  from a suspected drug dealer at Stanly, Rose Hill.
Whether it is the Anti Drug and Smuggling Unit (ADSU)  or the Independent Commission against Corruption (ICAC) , everyone agrees that the foreign currency  black market is thriving. Many people use the circuit for a better deal.
According to “Defi Media” black marketeers operate near the Port Louis Caudan Waterfront and also near stalls selling textile goods at public fairs.

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