In 1838 traders established Mauritius Commercial Bank to give themselves an alternative source of credit as until its establishment the Bank of Mauritius had a monopoly on the island.
ɪn wˈʌn θˈaʊzənd ˈeɪthˈʌndɹɪd θˈɜːɾi ˈeɪt tɹˈeɪdɚz ɪstˈæblɪʃt mɔːɹˈɪʃəs kəmˈɜːʃəl bˈæŋk tə ɡˈɪv ðɛmsˈɛlvz ɐn ɔːltˈɜːnətˌɪv sˈoːɹs ʌv kɹˈɛdɪt æz ʌntˈɪl ɪts ɪstˈæblɪʃmənt ðə bˈæŋk ʌv mɔːɹˈɪʃəs hæd ɐ mənˈɑːpəli ɔnðɪ ˈaɪlənd.