(Bloomberg) -- Mauritius named Harvesh Kumar Seegolam as central bank governor to replace Yandraduth Googoolye in an overhaul of the management of the institution.

Seegolam, 37, currently head of the Financial Services Commission, will become the eighth governor since the Bank of Mauritius was established in 1967, the presidency said in a statement. His appointment follows the departure of Googoolye and Second Deputy Governor Mahendra Vikramdass Punchoo.

Googoolye and Punchoo quit after being asked to step down by the government, three people familiar with the matter said last week.

Mardayah Kona Yerukunondu was appointed as first deputy governor to replace of Renganaden Padayachy, who had resigned to join politics and is now the finance minister. Hemlata Sadhna Sewraj-Gopal was picked to serve as second deputy governor.

The new governors are assuming leadership in the Indian Ocean island nation amid slowing economic growth, accelerating inflation and a local currency trading at its lowest level against the dollar since Bloomberg started tracking the rupee.

The central bank earlier on Thursday postponed a monetary policy committee meeting that had been scheduled for Feb. 26. The benchmark interest rate is at 3.35%, the lowest since the introduction of the monetary-policy mechanism.

To contact the reporter on this story: Kamlesh Bhuckory in Port Louis at kbhuckory1@bloomberg.net

To contact the editors responsible for this story: Gordon Bell at gbell16@bloomberg.net, Helen Nyambura, Rene Vollgraaff

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