Mauritian exporters and tourism businesses collecting euros and pounds
Mauritian hotels receive euros and pounds from European tour operators, and exporters of garments and seafood sell to the EU and UK. Mauritius has no exchange controls. The rupee's moves make conversion timing the main decision.
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A Grand Baie hotel group receives euros from French tour operators and pounds from British ones, and a sister company exports knitwear to buyers in Paris and London. All payments used to land in rupee accounts, converted on arrival. The group now holds euros and pounds and converts each month ahead of payroll.
No exchange controls
Mauritius abolished exchange controls in 1994. Companies can hold foreign currency accounts, receive payments from abroad and convert when they choose.
Who pays
- French and European tour operators pay hotels in euros.
- UK tour operators in pounds.
- EU and UK buyers of garments, sugar and seafood in euros and pounds.
Hold and convert
Hold euros and pounds as they arrive. Pay foreign costs from them, such as imported food, equipment and fabric. Convert a planned amount to rupees ahead of payroll.
Local details for partners
UK tour operators pay sterling details by Faster Payments in seconds. EU partners pay a euro IBAN by SEPA. Both arrive in full.
Paying into Mauritius: the local rail
| What | Detail |
|---|---|
| Local rail | MauCAS instant payments |
| Run by | Bank of Mauritius |
| Settlement | Seconds, 24/7 |
Source: Bank of Mauritius: MauCAS. Checked when this guide was last updated; the scheme's own page has the current figures.
Where Rivet fits
A Rivet business account accepts registered companies after verification, including Mauritian companies. Approved companies get euro details with an IBAN and sterling details from the Growth plan and US account details on every plan, in their own name. Balances can be held, used to pay suppliers in 120+ countries, or converted at a rate shown before you confirm. Rivet is not a bank; regulated partner institutions hold the funds.
Questions people ask
Does Mauritius have exchange controls?
No. Exchange controls were abolished in 1994.
Which currencies do Mauritian hotels receive?
Mainly euros from French and other European tour operators, pounds from UK operators, and some dollars and rand.
Should exporters hold euros?
If they pay for imported inputs or services in euros, yes. Convert the surplus to rupees when it suits.
How do UK tour operators pay fastest?
To sterling details by Faster Payments, rather than by international transfer.
Sources
Rashidatou writes Rivet's guides to how money moves between countries: the payment rails, what each one costs, and the account details a company needs to get paid in another currency. Every figure in Rashidatou's articles is traced to the scheme rulebook, the regulator or the provider's published price list, and those sources are listed at the end.
More from Rashidatou K. →This article is general information, not legal, tax or financial advice. Rules and fees change; check the sources above and the provider’s current terms before you act on them.
- mauritius
- tourism
- exports
- eur
- gbp
- mur
