Saturday, September 17, 2011

PM Now Understands Importance of Monetary Policy

That was not the case back in 2005 when he did not immediately appoint Bheenick as Governor of the Central Bank. And I don't think he understood how important monetary policy is for the country and for the career of politicians when he nominated Manou back in 2007 on Valentine's Day. Granted he considered a few options but in the final analysis Bheenick was minted Governor mostly because he didn't want to give in to Sithanen. That's quite understandable given that both Vishnu Lutchmeenaraidoo and Manou Bheenick were denied a ticket which considerably reduced a mesmerised Ramgoolam's options as far as the crafting of economic policies go.

He appears to have learned his lesson because during the last electoral campaign he announced that Bheenick would be returning at the Bank of Mauritius. That's, by the way, the closest you can get to having an elected Governor.

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