Net foreign assets of the banking system went up for the second consecutive month, increasing by Rs356 million or by 1.5 per cent, from Rs23,323 million at the end of September 2000 to Rs23,679 million at the end of October 2000. Net foreign assets of Bank of Mauritius rose by Rs91 million or by 0.5 per cent, from Rs16,895 million to Rs16,986 million. Net foreign assets of commercial banks went up by Rs265 million or by 4.1 per cent, from Rs6,428 million to Rs6,693 million.

It is estimated that the net foreign assets of the banking system rose by Rs8,282 million to Rs31,961 million at the end of November 2000. Net foreign assets of Bank of Mauritius increased by Rs7,409 million to Rs24,395 million at the end of November 2000, largely on account of the sale of shares by Mauritius Telecom to France Telecom. Net foreign assets of commercial banks are estimated to have increased by Rs872 million to Rs7,565 million at the end of November 2000.

Domestic credit registered a drop of Rs616 million or of 0.7 per cent, from Rs89,631 million at the end of September 2000 to Rs89,015 million at the end of October 2000.

Net credit to Government fell by Rs702 million or by 3.6 per cent, from Rs19,628 million at the end of September 2000 to Rs18,926 million at the end of October 2000. Net credit to Government from Bank of Mauritius went down by Rs270 million or by 6.2 per cent, from Rs4,373 million to Rs4,103 million. Net credit to Government from commercial banks declined by Rs432 million or by 2.8 per cent, from Rs15,255 million to Rs14,823 million.

Net credit to Government is estimated to have declined by around Rs6,322 million to Rs12,604 million at the end of November 2000 mainly as net credit to Government from Bank of Mauritius has declined by Rs5,968 million. Net credit to Government from commercial banks is estimated to have also declined by Rs354 million to Rs14,469 million at the end of November 2000.

Credit to the private sector from commercial banks went up by Rs100 million or by 0.1 per cent, from Rs69,323 million at the end of September 2000 to Rs69,423 million at the end of October 2000. Additional credit was extended to "EPZ" (Rs262 million), "Hotels" (Rs128 million) and "Personal & Professional" (Rs92 million).

Money supply M2 fell by Rs175 million or by 0.2 per cent, from Rs91,478 million at the end of September 2000 to Rs91,303 million at the end of October 2000. Narrow money supply, one of the components of M2, went down by Rs397 million or by 3.4 per cent, from Rs11,548 million to Rs11,151 million. Quasi-money, the other component of M2, went up by Rs222 million or by 0.3 per cent, from Rs79,930 million to Rs80,152 million.

The level of reserve money fell by Rs255 million or by 2.5 per cent, from Rs10,324 million at the end of September 2000 to Rs10,069 million at the end of October 2000.

Based on liquidity conditions in the market, the Bank carried out four repo transactions and one reverse repo transaction with commercial banks in November 2000 for periods varying from 1 to 3 days. The lowest yield accepted for repo transactions was 7.25 per cent and the highest yield accepted for the reverse repo transaction was 8.0 per cent.

Between end June 2000 and end October 2000, the number of Automated Teller Machines (ATMs) in operation in Mauritius increased by 9 from 221 to 230 and the number of cardholders (that is to say the number of cards in circulation) went up by 21,792 from 610,849 to 632,641. The number of transactions involving the use of credit cards, debit cards, ATMs and Merchant Points of Sale increased from 1.416 million in June 2000 to 1.655 million in October 2000. The value of such transactions increased from Rs1,998 million to Rs2,582 million over that period. Outstanding advances on credit cards rose from Rs 536 million to Rs 568 million.

On the international foreign exchange market, during November 2000, the US dollar, on an average basis, appreciated against all major currencies. As widely expected, the Federal Reserve at its FOMC meeting on 15 November left its US federal funds rate unchanged at 6.5 per cent. In its accompanying statement, the FOMC maintained its tightening bias, warning that inflation still posed a threat to the slowing US economy. The euro, which opened the month trading at around US$0.8478, surged just below the US$0.88 level on 5 November, when the ECB caught the market by surprise twice during the day with unilateral euro-buying intervention firstly in European trading and later in US trade. In the wake of a second day of solo intervention by the ECB, the euro managed to trade above the 87 cents level on 6 November. However, as dealers tested the ECB’s resolve of defending its currency alone, the euro gradually eased against the dollar. On 9 November, the ECB repeated its third unilateral intervention, which, however, had a smaller impact on the euro as the market cautioned about the effectiveness of repetitive interventions. Meanwhile, amid the perception that a Bush administration was less likely to support further international intervention in defence of the euro, concerns about the economic outlook for the euro zone and lack of further intervention by the ECB, the single currency came under downward pressure and attained an intra-month low of US$0.8374. However, at the close of the month the euro managed to recover against the dollar to trade at around US$0.8588. As widely expected, the ECB left its key refinancing rate unchanged at 4.75 per cent at its meetings on 2 and 16 November. The Pound sterling, amid signs of benign inflation and slower growth next year that made the prospect of further rate hikes unlikely, weakened against the US dollar. The Bank of England left its key repo rate unchanged at 6.0 per cent at its MPC meeting on 9 November. Minutes of the meeting released two weeks later revealed a unanimous vote to hold rates unchanged thereby reinforcing market expectations that UK interest rates might have peaked. The yen lost ground against the US dollar in the wake of several yen-negative factors, including a downgrade of the assessment of the Japanese economy for the first time in two years by the Japanese Economic Planning Agency, political uncertainty, weak economic data and a tumble in Tokyo share prices.

Direct sales of foreign currencies by the Mauritius Sugar Syndicate (MSS) to the banking sector during November 2000 amounted to an equivalent of US$38.0 million. The Bank of Mauritius intervened in the interbank foreign exchange market selling a total amount of US$28.0 million.

Reflecting international trends and local market conditions, the rupee, on average, depreciated between October 2000 and November 2000 against the US dollar, euro, Japanese yen and Pound sterling by 2.7 per cent, 2.6 per cent, 2.3 per cent and 0.9 per cent, respectively. The rupee lost ground against the US dollar, trading at an average rate of Rs27.688 in November 2000 as against an average rate of Rs26.937 in October 2000. The rupee weakened against the euro to trade at an average rate of Rs23.689 in November 2000 compared with an average rate of Rs23.066 in October 2000. The rupee eased vis-à-vis the Japanese yen to trade at an average rate of Rs25.505 per 100 Yen in November 2000 from an average rate of Rs24.914 per 100 Yen in October 2000. The rupee softened against the Pound sterling to trade at an average rate of Rs39.499 in November 2000 as against an average rate of Rs39.126 in October 2000.

On an average basis, between January 1999 and November 2000, the Philippines peso, South African rand, Thailand baht, Mauritian rupee, Indonesian rupiah, Singapore dollar, Hong Kong dollar, Taiwan dollar and Korean won appreciated against the euro by 4.4 per cent, 6.2 per cent, 13.4 per cent, 22.4 per cent, 25.0 per cent, 30.3 per cent, 34.5 per cent, 34.7 per cent and 37.6 per cent, respectively.

The foreign exchange reserves of the Bank of Mauritius increased by Rs7,409 million, from Rs16,986 million at the end of October 2000 to Rs24,395 million at the end of November 2000.

Net international reserves of the country, made up of the net foreign assets of the banking system, the foreign assets of the Government and the country’s Reserve Position in the International Monetary Fund (IMF), increased by Rs361 million, from Rs23,822 million at the end of September 2000 to Rs24,183 million at the end of October 2000. Based on the value of the import bill for fiscal year 1999-00, excluding the purchase of aircraft, the end-October 2000 level of net international reserves of the country represented 22.9 weeks of imports, up from 22.5 weeks at the end of September 2000.

New Monetary Policy Measures

1. Interest Rates

The Bank of Mauritius has, with effect from 9 November 2000, increased its Lombard Rate by half percentage point from 12.0 to 12.5 per cent per annum. This increase is considered necessary in an environment where it is desirable to enhance the attractiveness of rupee-denominated assets relative to foreign assets. Changes in the Lombard Rate act as a signalling mechanism for the monetary policy stance of the Bank.

2. Special Line of Credit to EPZ

With effect from 27 November 2000, the Bank of Mauritius is providing a Special Line of Credit for an amount of Rs 500 million to commercial banks for on-lending to the EPZ sector. This facility is designed to strengthen the manufacturing base as well as to enable EPZ companies to modernize their equipment so that they benefit more fully from the opportunities arising from the coming into force of the US Trade and Development Act. The funds will be made available to commercial banks at 5.0 percentage points below the prevailing Lombard Rate for banks to on-lend at 2.5 percentage points below the prevailing Lombard Rate to EPZ companies whose current exports to the euro zone represent 75% of their total exports. The amounts disbursed by the Bank of Mauritius to commercial banks will be repayable not later than 5 years after disbursement with a moratorium of 2 years on the capital from the date of disbursement. Interest will start accruing on the loan facilities as from the date of disbursement of the loan and will be payable monthly.

3. Foreign Currency Swaps

With a view to encouraging efficient Treasury management in the EPZ and the tourism industry, effective 27 November 2000, the Bank of Mauritius has started to conduct short-term back-to-back foreign currency swaps with commercial banks in respect of swaps transacted by banks with EPZ companies. Generally, such swaps, which are exchange rate neutral, are for periods up to one month, with the possibility of roll-over on maturity. The impact of such swaps on money market liquidity will be offset through the use of reverse repos. This facility will enable EPZ companies to manage their foreign exchange earnings more efficiently and to benefit from potential interest rate savings.

Table 1: Selected Economic Indicators


	Period	Unit	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000

1. Population-Republic of Mauritius ¹	Mid-year		1,070,128	1,084,401	1,097,305	1,112,607	1,122,118	1,133,551	1,147,706	1,159,729	1,174,417	1,185,889 ⁴
2. Tourist Arrivals	Fiscal Year ending June		292,550	321,000	350,370	388,255	406,556	450,493	513,798	555,616	565,324	620,030
3. Real GDP Growth Rate	Calendar Year	(Per cent)	4.4	6.6	5.0	5.2	5.6	6.2	5.6	5.8 ²	2.6 ³	8.3 ⁴
4. Gross National Product (at market prices)	Calendar Year	(Rs million)	44,405	49,804	56,633	62,600	68,750	76,521	86,054	97,205 ²	106,029 ³	117,405 ⁴
5. GNP Per Capita (at market prices)	Calendar Year	(Rupees)	41,495	45,928	51,611	56,264	61,268	67,506	74,979	83,817 ²	90,282 ³	99,002 ⁴
6. Inflation Rate	Fiscal Year ending June	(Per cent)	12.8	2.9	8.9	9.4	6.1	5.8	7.9	5.4	7.9	5.3
7. Overall Balance of Payments	Fiscal Year ending June	(Rs million)	+2,456	+3,048	-909	-962	-1,009	+3,841	+1,600	-2,293	+690	+2,141
8. Net International Reserves	End June	(Rs million)	13,456	16,329	16,115	15,513	15,007	19,304	21,443	21,349	22,575	25,214
9. Total Imports (c.i.f.)	Fiscal Year ending June	(Rs million)	24,005	25,381	27,209	31,041	35,598	37,704	41,878	49,322	54,077 ⁴	54,966 ⁴
10. Total Exports (f.o.b.)	Fiscal Year ending June	(Rs million)	18,797	20,348	21,820	24,188	25,482	29,090	33,128	36,279	41,702 ⁴	38,058 ⁴
11. Government Recurrent Revenue	Fiscal Year ending June	(Rs million)	9,715	10,548	11,595	12,890	13,047	12,779	16,544	18,471	21,327	22,490 ²
12. Government Recurrent Expenditure	Fiscal Year ending June	(Rs million)	9,214	10,273	10,894	13,088	14,517	15,939	18,853	21,010	24,743	25,560²
13. Government Capital Expenditure	Fiscal Year ending June	(Rs million)	2,759	2,607	3,095	3,215	3,192	4,058	5,743	3,420	3,700	3,527 ²
14. External Debt: Central Government	End-June	(Rs million)	5,964	5,476	5,712	5,766	5,778	9,159	9,666	10,752	10,037	9,870 ⁴
15. Internal Debt: Central Government	End-June	(Rs million)	16,953	14,984	16,522	18,676	21,701	24,706	30,241	34,619	40,974	46,940 ⁵
16. Banking System Net Claims on Public Sector	End-June	(Rs million)	5,045	6,968	8,190	10,871	13,529	14,798	15,759	17,358	16,014	18,466
17. Commercial Banks' Claims on Private Sector	End-June	(Rs million)	14,033	16,107	20,388	26,463	30,776	32,576	37,736	49,941	60,106	67,271
18. Currency with Public	End-June	(Rs million)	2,588	2,972	3,316	3,570	3,767	4,162	4,307	4,651	4,876	5,172
19. Money Supply (M1)	End-June	(Rs million)	5,446	6,591	6,959	7,031	8,134	8,235	8,874	10,152	10,906	11,065
20. Aggregate Monetary Resources (M2)	End-June	(Rs million)	26,767	32,105	36,380	42,853	47,859	55,476	60,359	70,878	80,204	88,935
21. Total Private Sector Deposits with Commercial Banks	End-June	(Rs million)	24,009	28,780	32,853	38,791	42,773	49,331	53,334	59,609	67,323	75,522

¹Excluding Agalega and Saint Brandon.	³ Preliminary estimates.	⁵ Revised.
² Revised estimates.	⁴ Provisional.

Table 2: Monetary Survey

																	(Rs million)
End	FOREIGN	DOMESTIC CREDIT					TOTAL	MONEY SUPPLY (M1)				QUASI-MONEY				AGGREGATE	OTHER
of	ASSETS	Claims	Claims	Claims on	Credit to	Total	ASSETS	Currency	Demand Deposits		Total	Savings	Time	Foreign	Total	MONETARY	ITEMS
Period	(NET)	on	on	Other	Non-Bank			with	Bank of	Commercial		Deposits¹	Deposits	Currency		RESOURCES	(NET)
		Public	Private	Bank-like	Financial			Public	Mauritius	Banks				Deposits		(M2)
		Sector	Sector	Institutions	Institutions
											(1)				(2)	(1) + (2)

1997	21,775.0	18,273.0	43,918.2	135.1	378.9	62,705.3	84,480.3	5,410.4	8.6	5,194.5	10,613.4	26,799.4	25,514.3	4,903.3	57,217.1	67,830.5	16,649.7
1998	19,644.9	17,983.4	56,652.9	151.5	570.0	75,357.9	95,002.7	5,832.9	28.4	5,730.2	11,591.5	30,477.3	27,406.1	5,953.9	63,837.3	75,428.8	19,573.9
1999	25,545.2	17,696.7	62,520.7	283.8	506.4	81,007.5	106,552.8	6,126.7	32.5	5,844.8	12,004.0	34,525.1	33,094.1	7,275.6	74,894.7	86,898.7	19,654.1

Dec-97	21,775.0	18,273.0	43,918.2	135.1	378.9	62,705.3	84,480.3	5,410.4	8.6	5,194.5	10,613.4	26,799.4	25,514.3	4,903.3	57,217.1	67,830.5	16,649.7
Mar-98	21,941.3	18,265.3	45,981.1	135.1	415.4	64,796.9	86,738.2	4,695.9	12.6	4,692.5	9,400.9	28,614.5	26,314.8	5,429.8	60,359.0	69,759.9	16,978.2
Jun-98	21,118.3	17,358.3	49,941.1	151.5	476.2	67,927.2	89,045.4	4,651.4	11.2	5,489.7	10,152.3	28,243.8	26,234.3	6,247.7	60,725.8	70,878.1	18,167.3
Jul-98	18,905.2	18,081.4	50,868.8	151.5	520.6	69,622.3	88,527.5	4,787.0	22.3	4,928.1	9,737.4	28,624.5	26,499.2	5,159.2	60,282.9	70,020.3	18,507.2
Aug-98	18,675.1	17,675.9	51,856.1	151.5	528.3	70,211.8	88,886.9	4,836.8	10.5	5,013.9	9,861.3	29,156.1	26,348.9	5,213.3	60,718.3	70,579.6	18,307.3
Sep-98	19,365.7	17,613.0	52,722.8	151.5	529.6	71,017.0	90,382.6	4,812.5	11.0	5,954.8	10,778.2	29,400.5	26,284.0	5,612.7	61,297.2	72,075.4	18,307.2
Oct-98	17,580.7	18,429.2	54,211.5	151.5	576.9	73,369.2	90,949.9	5,004.7	11.4	5,641.6	10,657.7	29,421.3	26,930.3	5,692.3	62,043.8	72,701.5	18,248.4
Nov-98	17,700.2	18,274.4	55,241.0	151.5	574.4	74,241.4	91,941.6	4,971.7	18.4	5,513.9	10,504.0	29,601.4	27,099.6	5,789.5	62,490.5	72,994.6	18,947.1
Dec-98	19,644.9	17,983.4	56,652.9	151.5	570.0	75,357.9	95,002.7	5,832.9	28.4	5,730.2	11,591.5	30,477.3	27,406.1	5,953.9	63,837.3	75,428.8	19,573.9
Jan-99	21,191.8	16,699.4	56,948.2	153.9	559.3	74,360.8	95,552.7	5,146.6	12.4	5,583.6	10,742.7	31,150.1	27,654.2	6,271.3	65,075.6	75,818.3	19,734.4
Feb-99	21,184.6	16,516.0	57,300.3	153.9	553.5	74,523.8	95,708.4	5,027.5	51.0	5,469.8	10,548.3	31,851.9	28,858.8	5,878.8	66,589.5	77,137.8	18,570.6
Mar-99	22,077.5	16,523.8	57,832.3	32.7	556.1	74,944.9	97,022.4	5,000.1	10.6	5,519.1	10,529.8	31,647.7	29,224.0	6,366.0	67,237.7	77,767.5	19,254.9
Apr-99	21,543.4	16,815.1	57,878.0	32.7	587.2	75,313.0	96,856.4	5,001.0	101.7	5,684.0	10,786.6	31,597.4	29,582.4	6,519.7	67,699.6	78,486.2	18,370.2
May-99	21,413.6	16,934.8	59,250.3	32.7	560.3	76,778.2	98,191.8	5,013.8	20.5	5,699.7	10,734.1	31,412.5	29,843.4	7,000.2	68,256.2	78,990.2	19,201.5
Jun-99	22,086.7	16,013.5	60,106.3	32.7	574.7	76,727.2	98,813.9	4,875.8	21.2	6,008.6	10,905.6	31,830.5	30,239.2	7,228.5	69,298.2	80,203.8	18,610.0
Jul-99	21,577.7	16,339.7	61,027.8	32.7	561.9	77,962.1	99,539.8	4,895.9	11.5	5,292.9	10,200.3	32,079.6	30,623.9	7,290.9	69,994.4	80,194.7	19,345.0
Aug-99	21,130.4	16,975.3	61,674.7	283.8	549.2	79,483.0	100,613.4	4,810.9	11.6	5,349.2	10,171.8	32,974.3	31,128.3	7,087.7	71,190.3	81,362.1	19,251.3
Sep-99	22,221.9	17,392.7	61,895.9	283.8	540.9	80,113.3	102,335.3	4,321.6	15.0	5,818.3	10,154.9	34,084.6	31,638.1	7,282.4	73,005.1	83,160.0	19,175.3
Oct-99	22,461.8	16,692.7	62,323.7	283.8	533.6	79,833.8	102,295.5	4,598.8	12.1	5,313.3	9,924.3	33,955.1	31,651.3	6,856.9	72,463.3	82,387.6	19,907.9
Nov-99	23,932.0	16,640.9	62,801.7	283.8	519.4	80,245.8	104,177.9	4,726.9	22.2	5,510.2	10,259.2	34,141.6	32,463.2	7,237.4	73,842.1	84,101.3	20,076.5
Dec-99	25,545.2	17,696.7	62,520.7	283.8	506.4	81,007.5	106,552.8	6,126.7	32.5	5,844.8	12,004.0	34,525.1	33,094.1	7,275.6	74,894.7	86,898.7	19,654.1
Jan-00	25,509.4	17,381.8	63,661.5	283.8	493.3	81,820.4	107,329.8	5,254.7	24.5	5,811.0	11,090.2	35,258.4	33,911.8	7,198.5	76,368.7	87,458.9	19,870.9
Feb-00	25,182.9	17,245.6	63,647.8	283.8	488.4	81,665.6	106,848.5	5,136.6	30.4	5,550.1	10,717.2	35,927.2	33,643.3	7,041.9	76,612.5	87,329.6	19,518.9
Mar-00	24,750.8	18,226.2	64,136.6	283.8	474.6	83,121.2	107,872.0	5,132.5	24.5	5,842.3	10,999.3	36,106.7	33,606.5	7,252.2	76,965.5	87,964.8	19,907.2
Apr-00	23,954.1	18,270.0	65,107.0	283.8	463.4	84,124.2	108,078.3	5,138.9	18.5	5,516.5	10,674.0	36,240.7	33,636.9	7,161.5	77,039.1	87,713.1	20,365.2
May-00	23,721.1	18,660.0	65,668.0	283.8	448.3	85,060.0	108,781.1	5,050.4	22.4	5,480.4	10,553.1	35,663.6	33,883.2	7,721.9	77,268.7	87,821.8	20,959.3
Jun-00	24,708.7	18,465.9	67,271.4	283.8	435.0	86,456.1	111,164.7	5,171.6	12.6	5,881.0	11,065.2	35,702.2	33,938.7	8,228.4	77,869.3	88,934.5	22,230.2
Jul-00	23,620.7	18,668.5	68,434.8	283.8	421.7	87,808.7	111,429.4	5,266.8	19.5	6,485.0	11,771.4	35,813.8	33,741.5	8,315.9	77,871.2	89,642.6	21,786.8
Aug-00	22,889.2	19,095.4	69,076.7	283.8	408.2	88,864.1	111,753.2	5,254.8	13.6	5,789.8	11,058.2	36,436.7	34,569.3	8,117.8	79,123.8	90,182.0	21,571.3
Sep-00	23,323.1	19,628.4	69,322.7	283.8	396.2	89,631.1	112,954.2	5,407.4	22.6	6,117.8	11,547.9	36,369.0	35,270.8	8,290.3	79,930.1	91,478.0	21,476.2
Oct-00	23,679.4	18,925.9	69,423.4	283.8	381.6	89,014.7	112,694.0	5,406.5	21.3	5,723.1	11,150.9	36,307.6	35,467.8	8,376.9	80,152.3	91,303.2	21,390.8

¹ Include margin deposits.					Figures may not add up to totals due to rounding.

Table 3: Bank of Mauritius - Assets

													(Rs million)
End	EXTERNAL ASSETS					CLAIMS ON GOVERNMENT			CLAIMS	CLAIMS ON	OTHER	OTHER	TOTAL
of	Special	Balances	Treasury	Eligible	Total¹	Treasury	Advances	Total	ON	NON-BANK	ADVANCES	ASSETS	ASSETS
Period	Drawing	With	Bills	Securities		Bills and	and		COMMERCIAL	FINANCIAL
	Rights	Banks				Government	Discounts		BANKS	INSTITUTIONS
						Stocks

1997	666.2	5,725.6	106.1	8,787.0	15,341.5	504.5	911.7	1,416.1	250.0	378.9	165.9	504.4	18,056.8
1998	771.1	4,546.2	118.6	8,393.6	13,866.6	1,303.5	3,405.7	4,709.3	475.0	570.0	238.4	430.1	20,289.4
1999	562.0	7,579.5	122.1	10,160.0	18,425.3	2,107.7	80.5	2,188.2	250.0	506.4	133.8	451.6	21,955.3

Dec-97	666.2	5,725.6	106.1	8,787.0	15,341.5	504.5	911.7	1,416.1	250.0	378.9	165.9	504.4	18,056.8
Mar-98	686.1	5,454.0	40.2	9,103.0	15,308.2	569.4	21.5	590.8	250.0	415.4	146.6	471.5	17,182.5
Jun-98	704.5	4,568.5	154.2	9,333.9	14,869.0	906.1	1,458.1	2,364.2	250.0	476.2	634.8	462.0	19,056.1
Sep-98	704.6	4,307.8	32.1	9,039.3	14,120.6	432.1	2,716.3	3,148.4	250.0	529.6	195.7	448.6	18,693.0
Dec-98	771.1	4,546.2	118.6	8,393.6	13,866.6	1,303.5	3,405.7	4,709.3	475.0	570.0	238.4	430.1	20,289.4
Jan-99	776.6	5,667.2	159.9	8,546.4	15,187.7	1,363.6	2,583.7	3,947.3	250.0	559.3	154.5	423.0	20,521.8
Feb-99	539.6	5,852.3	237.1	8,715.5	15,368.2	1,564.9	2,286.6	3,851.5	250.0	553.5	126.6	403.3	20,553.1
Mar-99	538.8	4,874.5	599.9	10,016.5	16,038.4	1,257.7	2,294.5	3,552.2	250.0	556.1	212.6	420.6	21,029.9
Apr-99	538.5	4,306.3	481.6	10,035.5	15,366.2	1,210.6	3,127.4	4,338.0	250.0	587.2	202.0	461.9	21,205.3
May-99	539.6	4,474.0	0.0	10,065.5	15,082.0	1,351.2	2,662.0	4,013.2	250.0	560.3	154.8	458.6	20,518.9
Jun-99	537.2	4,520.5	158.2	10,078.3	15,314.9	1,322.4	3,161.5	4,483.9	250.0	574.7	829.3	474.4	21,927.1
Jul-99	547.6	4,276.5	40.6	10,081.6	14,956.9	1,524.7	2,443.0	3,967.7	425.0	561.9	165.1	461.0	20,537.5
Aug-99	550.5	4,260.4	80.3	10,092.0	14,985.6	1,575.9	3,172.5	4,748.5	250.0	549.2	159.5	460.2	21,152.9
Sep-99	557.8	4,923.9	123.5	10,089.6	15,696.4	865.1	3,430.0	4,295.1	250.0	540.9	325.9	462.0	21,570.4
Oct-99	561.5	5,479.2	123.0	10,108.0	16,273.5	1,127.5	1,742.7	2,870.2	250.0	533.6	150.0	460.5	20,537.8
Nov-99	560.6	6,930.1	120.6	10,138.5	17,751.5	722.8	1,200.4	1,923.2	250.0	519.4	131.3	460.8	21,036.2
Dec-99	562.0	7,579.5	122.1	10,160.0	18,425.3	2,107.7	80.5	2,188.2	250.0	506.4	133.8	451.6	21,955.3
Jan-00	560.2	8,061.5	92.9	10,196.9	18,913.3	1,540.9	357.4	1,898.3	250.0	493.3	207.6	454.6	22,217.1
Feb-00	554.3	7,691.1	91.4	10,216.8	18,555.4	1,968.4	0.0	1,968.4	250.0	488.4	106.3	430.8	21,799.3
Mar-00	556.8	7,350.2	80.8	10,224.0	18,213.5	1,875.2	320.8	2,196.0	295.5	474.6	179.5	398.8	21,757.9
Apr-00	550.7	6,855.6	79.9	10,239.9	17,728.0	1,800.1	607.9	2,408.0	344.7	463.4	110.1	397.1	21,451.3
May-00	557.8	6,257.5	76.6	10,328.4	17,222.2	1,078.2	1,516.7	2,594.9	628.3	448.3	97.5	390.3	21,381.5
Jun-00	566.4	6,333.9	39.0	10,396.5	17,454.8	1,899.1	1,089.4	2,988.5	623.4	435.0	91.6	387.4	21,980.7
Jul-00	559.9	5,917.9	77.4	10,428.1	17,067.3	2,187.0	1,379.2	3,566.2	669.0	421.7	114.7	381.6	22,220.4
Aug-00	559.7	5,785.1	37.7	10,473.5	16,925.5	1,817.6	2,148.7	3,966.3	263.5	408.2	105.4	387.9	22,056.8
Sep-00	560.9	5,717.5	38.1	10,513.4	16,895.2	1,672.7	2,608.3	4,281.0	304.3	396.2	109.6	384.1	22,370.3
Oct-00	571.5	5,497.2	38.8	10,827.2	16,986.5	1,691.7	2,311.7	4,003.4	250.0	381.6	102.9	382.4	22,106.8

¹ Includes foreign notes and coins and suspense account interest receivable.										Figures may not add up to totals due to rounding.

Table 4: Bank of Mauritius - Liabilities

												(Rs million)
End	Capital	RESERVE MONEY							Government	Current	Other	TOTAL
of	and	Currency	Currency	Demand Deposits			Bank of	Total	Demand	Account of	Liabilities	LIABILITIES
Period	Reserves	with	with	Commercial	Statutory	Other¹	Mauritius		Deposits	International
		Public	Banks	Banks	Bodies		Bills held by			Organisations
							Commercial			and Others
							Banks

1997	33.0	5,410.4	1,885.4	1,621.5	0.0	8.5	190.2	9,116.0	0.6	25.8	8,881.3	18,056.8
1998	33.0	5,832.9	2,225.8	1,674.0	15.6	12.8	0.0	9,761.1	12.1	20.8	10,462.4	20,289.4
1999	33.0	6,126.7	3,009.6	1,355.7	0.0	32.5	0.0	10,524.5	1.2	14.8	11,381.8	21,955.3

Dec-97	33.0	5,410.4	1,885.4	1,621.5	0.0	8.5	190.2	9,116.0	0.6	25.8	8,881.3	18,056.8
Mar-98	33.0	4,695.9	1,461.0	1,694.5	0.0	12.5	0.0	7,864.0	9.8	27.4	9,248.4	17,182.5
Jun-98	33.0	4,651.4	1,384.0	2,535.6	0.0	11.2	0.0	8,582.2	44.8	31.6	10,364.5	19,056.1
Sep-98	33.0	4,812.5	1,455.8	2,424.6	0.1	10.9	0.0	8,703.9	30.7	20.6	9,904.8	18,693.0
Dec-98	33.0	5,832.9	2,225.8	1,674.0	15.6	12.8	0.0	9,761.1	12.1	20.8	10,462.4	20,289.4
Jan-99	33.0	5,146.6	1,785.6	2,833.6	0.0	12.4	0.0	9,778.3	24.2	17.0	10,669.3	20,521.8
Feb-99	33.0	5,027.5	1,701.6	2,798.3	0.0	51.0	0.0	9,578.5	6.5	21.3	10,913.9	20,553.1
Mar-99	33.0	5,000.1	1,751.7	2,779.5	0.0	10.6	0.0	9,541.9	30.9	17.3	11,406.8	21,029.9
Apr-99	33.0	5,001.0	1,661.8	3,029.0	82.5	19.1	0.0	9,793.4	239.2	18.5	11,121.2	21,205.3
May-99	33.0	5,013.8	1,648.1	2,525.2	0.1	20.4	0.0	9,207.7	78.4	17.4	11,182.4	20,518.9
Jun-99	33.0	4,875.8	2,000.2	3,447.8	0.1	21.2	0.0	10,345.0	41.3	27.7	11,480.1	21,927.1
Jul-99	33.0	4,895.9	1,615.5	2,407.5	0.1	11.4	0.0	8,930.3	2.3	19.1	11,552.8	20,537.5
Aug-99	33.0	4,810.9	1,840.6	2,882.5	0.1	11.6	0.0	9,545.7	7.7	21.2	11,545.4	21,152.9
Sep-99	33.0	4,321.6	2,348.8	3,141.4	0.0	14.9	0.0	9,826.8	45.1	27.7	11,637.8	21,570.4
Oct-99	33.0	4,598.8	2,111.1	2,153.8	0.0	12.1	0.0	8,875.8	0.7	26.1	11,602.2	20,537.8
Nov-99	33.0	4,726.9	2,581.7	2,114.5	0.0	22.1	0.0	9,445.3	0.8	26.5	11,530.7	21,036.2
Dec-99	33.0	6,126.7	3,009.6	1,355.7	0.0	32.5	0.0	10,524.5	1.2	14.8	11,381.8	21,955.3
Jan-00	33.0	5,254.7	1,817.6	3,602.8	0.0	24.5	0.0	10,699.6	5.8	20.0	11,458.7	22,217.1
Feb-00	33.0	5,136.6	1,737.6	2,750.7	0.0	30.4	0.0	9,655.3	277.4	32.8	11,800.8	21,799.3
Mar-00	33.0	5,132.5	1,631.2	3,412.9	0.0	24.5	0.0	10,201.1	6.1	17.4	11,500.3	21,757.9
Apr-00	33.0	5,138.9	1,559.1	3,217.2	0.0	18.5	0.0	9,933.7	5.4	22.0	11,457.2	21,451.3
May-00	33.0	5,050.4	1,727.5	2,977.4	0.0	22.4	0.0	9,777.7	7.1	26.4	11,537.3	21,381.5
Jun-00	33.0	5,171.6	1,557.3	3,024.2	0.0	12.6	0.0	9,765.8	43.0	19.7	12,119.1	21,980.7
Jul-00	33.0	5,266.8	1,619.1	3,314.7	0.0	19.5	0.0	10,220.1	1.1	36.8	11,929.4	22,220.4
Aug-00	33.0	5,254.8	1,851.2	2,887.7	0.0	13.6	0.0	10,007.4	11.1	26.3	11,979.0	22,056.8
Sep-00	33.0	5,407.4	1,729.3	3,164.8	0.0	22.6	0.0	10,324.2	7.6	24.6	11,981.0	22,370.3
Oct-00	33.0	5,406.5	1,811.0	2,829.8	0.0	21.3	0.0	10,068.5	1.0	28.4	11,975.9	22,106.8

¹Includes deposits of certain Parastatal Bodies.						Figures may not add up to totals due to rounding.

table5

Table 6: Commercial Banks - Assets

																					(Rs million)
End	RESERVES				FOREIGN ASSETS				CLAIMS ON GOVERNMENT				CLAIMS ON PRIVATE SECTOR					Claims	Other	TOTAL	Acceptences
of	Cash	Balances	Bank of	Total	Balances	Foreign	Foreign	Total¹	Treasury	Government	Advances	Total	Local	Bills	Local	Loans	Total	on Other	Assets²	ASSETS	Documentary
Period	in	with	Mauritius		with	Bills	Notes		Bills	Securities			Bills	Recei-	Invest-	and		Bank-like			Credits and
	Hand	Bank of	Bills		Banks	Discounted	and						Dis-	vable	ments	Advances		Institu-			Guarantees³
		Mauritius			Abroad		Coins						counted					tions

1997	1,885.4	1,621.5	190.2	3,697.1	4,305.6	1,424.7	165.5	7,289.0	12,565.6	4,207.8	252.3	17,025.7	571.7	1,480.9	4,188.2	37,677.4	43,918.2	160.6	5,836.7	77,927.3	11,782.8
1998	2,225.8	1,674.0	0.0	3,899.8	4,418.5	1,379.2	222.6	8,947.3	9,084.6	4,000.7	233.2	13,318.5	634.4	1,413.2	8,708.9	45,896.5	56,652.9	424.6	7,057.2	90,300.4	12,691.7
1999	3,009.6	1,355.7	0.0	4,365.3	5,610.1	1,980.3	255.3	9,775.5	11,938.7	3,591.2	229.1	15,759.1	715.5	1,911.1	11,173.8	48,720.3	62,520.7	1,766.2	9,379.9	103,566.7	13,686.5

Dec-97	1,885.4	1,621.5	190.2	3,697.1	4,305.6	1,424.7	165.5	7,289.0	12,565.6	4,207.8	252.3	17,025.7	571.7	1,480.9	4,188.2	37,677.4	43,918.2	160.6	5,836.7	77,927.3	11,782.8
Mar-98	1,461.0	1,694.5	0.0	3,155.5	5,161.2	1,058.2	106.8	7,863.9	13,639.5	3,879.3	277.2	17,796.0	589.9	1,453.9	5,415.1	38,522.2	45,981.1	186.4	6,086.2	81,069.2	11,978.9
Jun-98	1,384.0	2,535.6	0.0	3,919.6	4,108.6	1,192.3	88.4	7,113.3	11,367.7	3,835.3	153.3	15,356.3	677.6	1,509.5	7,033.9	40,720.1	49,941.1	844.0	6,018.4	83,192.8	12,405.3
Sep-98	1,455.8	2,424.6	0.0	3,880.5	3,657.8	953.7	98.2	6,529.0	10,493.2	3,879.8	183.4	14,556.4	651.3	1,552.4	7,562.4	42,956.6	52,722.8	334.3	6,529.5	84,552.4	12,591.5
Dec-98	2,225.8	1,674.0	0.0	3,899.8	4,418.5	1,379.2	222.6	8,947.3	9,084.6	4,000.7	233.2	13,318.5	634.4	1,413.2	8,708.9	45,896.5	56,652.9	424.6	7,057.2	90,300.4	12,691.7
Jan-99	1,785.6	2,833.6	0.0	4,619.2	5,355.6	1,175.1	149.3	9,624.3	8,597.3	4,000.7	309.9	12,907.9	631.3	1,319.3	9,053.8	45,943.8	56,948.2	438.4	6,914.0	91,452.1	12,799.9
Feb-99	1,701.6	2,798.3	0.0	4,500.0	5,513.3	1,054.6	157.5	9,913.1	8,400.2	4,022.1	307.3	12,729.6	632.0	1,319.3	9,182.3	46,166.7	57,300.3	1,409.9	7,014.2	92,867.1	13,115.4
Mar-99	1,751.7	2,779.5	0.0	4,531.2	6,812.3	936.7	131.0	9,626.8	8,784.1	3,925.8	379.4	13,089.3	655.1	1,402.8	9,557.7	46,216.8	57,832.3	1,177.4	6,919.6	93,176.7	12,996.4
Apr-99	1,661.8	3,029.0	0.0	4,690.8	6,416.6	1,019.6	114.8	9,381.6	8,462.8	3,925.8	387.4	12,776.0	636.8	1,384.5	9,417.1	46,439.6	57,878.0	1,474.2	7,375.6	93,576.2	13,451.4
May-99	1,648.1	2,525.2	0.0	4,173.4	6,396.3	1,108.4	94.6	9,457.5	8,738.7	3,925.6	379.8	13,044.1	637.5	1,518.0	9,765.4	47,329.4	59,250.3	1,320.4	7,640.0	94,885.6	13,508.8
Jun-99	2,000.2	3,447.8	0.0	5,448.0	6,553.5	1,179.7	91.5	9,685.3	7,959.1	3,883.0	82.9	11,925.0	648.7	1,485.2	10,024.1	47,948.2	60,106.3	1,511.5	8,507.4	97,183.3	13,414.1
Jul-99	1,615.5	2,407.5	0.0	4,022.9	6,431.1	1,124.8	163.1	9,612.7	8,392.2	3,883.0	135.3	12,410.4	624.3	1,554.2	10,435.8	48,413.5	61,027.8	1,415.3	8,318.9	96,808.0	13,468.3
Aug-99	1,840.6	2,882.5	0.0	4,723.1	6,146.7	1,003.3	149.9	9,193.8	8,382.6	3,883.0	135.9	12,401.4	628.6	1,641.8	10,379.0	49,025.3	61,674.7	1,633.3	8,161.8	97,788.1	13,348.7
Sep-99	2,348.8	3,141.4	0.0	5,490.2	6,364.9	1,036.2	144.7	9,441.3	9,266.2	3,883.0	140.1	13,289.3	631.9	1,609.1	10,605.3	49,049.6	61,895.9	1,901.1	8,406.3	100,424.1	14,146.3
Oct-99	2,111.1	2,153.8	0.0	4,264.9	5,917.7	1,165.1	141.3	9,190.0	9,950.9	3,883.0	231.2	14,065.1	652.5	1,645.7	10,830.7	49,194.8	62,323.7	1,612.9	8,555.3	100,011.9	14,212.7
Nov-99	2,581.7	2,114.5	0.0	4,696.2	5,535.3	1,335.2	170.1	8,925.4	11,199.8	3,621.4	230.6	15,051.9	663.0	1,749.6	11,004.3	49,384.8	62,801.7	1,549.1	8,614.6	101,638.9	15,095.5
Dec-99	3,009.6	1,355.7	0.0	4,365.3	5,610.1	1,980.3	255.3	9,775.5	11,938.7	3,591.2	229.1	15,759.1	715.5	1,911.1	11,173.8	48,720.3	62,520.7	1,766.2	9,379.9	103,566.7	13,686.5
Jan-00	1,817.6	3,602.6	0.0	5,420.2	5,472.5	1,662.5	244.5	9,290.8	11,886.5	3,591.2	229.9	15,707.6	723.3	1,740.2	11,432.6	49,765.3	63,661.4	2,063.1	8,730.7	104,873.8	13,443.7
Feb-00	1,737.6	2,750.7	0.0	4,488.3	5,623.7	1,658.9	138.5	9,302.2	12,339.7 ⁴	3,591.2	307.3	16,238.2	701.9	1,698.0	11,537.7	49,710.2	63,647.8	2,076.4	8,606.3	104,359.2	13,186.3
Mar-00	1,631.2	3,412.9	0.0	5,044.1	5,325.9	1,498.0	149.9	9,260.3	12,335.7	3,591.2	311.6	16,238.5	748.1	1,673.0	11,693.6	49,974.7	64,136.6 ⁴	2,114.1	8,672.1	105,465.7	13,902.3
Apr-00	1,559.1	3,217.2	0.0	4,776.3	4,825.2	1,427.9	111.2	8,491.6	12,347.9	3,584.0	305.3	16,237.2	762.1	1,616.9	11,895.0	50,734.0	65,107.0 ⁴	1,702.9	8,782.6	105,097.6	14,503.9
May-00	1,727.5	2,977.4	0.0	4,704.9	5,040.4	2,236.6	112.3	9,766.9	12,539.5	3,417.3	373.3	16,330.1	762.9	1,513.2	11,887.5	51,383.1	65,667.9 ⁴	1,965.7	9,083.1	107,518.8	14,808.0
Jun-00	1,557.3	3,024.2	0.0	4,581.5	5,334.5	2,403.8	101.0	10,294.1	12,705.7	3,421.7	0.8	16,128.2	768.6	1,288.5	11,903.4	53,184.7	67,271.4 ⁴	2,353.9	9,236.4	109,865.6	14,930.5
Jul-00	1,619.1	3,314.7	0.0	4,933.8	4,775.6	2,057.3	154.5	9,426.3	11,989.2	3,374.9	5.3	15,369.4	725.1	1,245.9	11,965.4	54,460.9	68,434.8 ⁴	1,772.0	8,814.9	108,751.1	13,894.7
Aug-00	1,851.2	2,887.7	0.0	4,739.0	5,080.1	1,855.1	149.6	9,501.9	12,073.1	3,234.8	4.0	15,312.0	714.0	1,441.2	11,948.7	54,958.8	69,076.7 ⁴	1,583.1	9,223.8	109,436.4	14,839.7
Sep-00	1,729.3	3,164.8	0.0	4,894.1	5,494.3	2,241.3	108.3	10,295.9	12,293.3	3,234.8	0.0	15,528.1	732.1	1,530.6	11,944.9	55,115.1	69,322.7	1,828.0	9,222.8	111,091.6	15,103.8
Oct-00	1,811.0	2,829.8	0.0	4,640.8	5,657.4	2,456.2	129.8	10,773.6	12,045.2	3,033.6	0.0	15,078.8	760.3	1,560.7	11,914.9	55,187.5	69,423.4	2,176.3	9,079.7	111,172.6	14,960.7

¹ Includes foreign securities and loans to nonresidents.								² Include interbank loans				³ For a breakdown, see Table 7.					⁴ Includes Bills discounted contra.
Figures may not add up to totals due to rounding.

Table 7: Commercial Banks - Liabilities

																	(Rs million)
End	Capital	PRIVATE SECTOR DEPOSITS				Government	Foreign	Interbank	Credit	BORROWINGS FROM			Bills	Other	TOTAL	Acceptances	Documentary	Guarantees
of	and	Demand¹	Time	Savings²	Total	Deposits	Currency	Deposits	from	Banks	Banks	Other	Payable	Liabilities³	LIABILITIES	on Account	Credits
Period	Reserves						Deposits		Bank of	in	Abroad	Bank-like				of Customers
									Mauritius	Mauritius		Institutions


1997	7,842.4	5,112.7	25,514.3	26,799.4	57,426.5	358.7	4,903.3	267.0	250.0	1.3	855.5	0.8	167.9	5,854.0	77,927.3	1,073.3	3,420.6	7,288.9
1998	9,092.1	5,026.9	27,406.1	30,477.3	62,910.3	835.3	5,953.9	287.6	475.0	2.0	3,169.0	175.1	197.3	7,202.8	90,300.4	685.1	3,589.0	8,417.6
1999	10,848.6	5,844.8	33,094.1	34,525.0	73,463.9	264.4	7,275.6	450.0	250.0	0.0	2,655.6	36.8	104.0	8,217.8	103,566.7	1,169.5	4,173.7	8,343.4

Dec-97	7,842.4	5,112.7	25,514.3	26,799.4	57,426.5	358.7	4,903.3	267.0	250.0	1.3	855.5	0.8	167.9	5,854.0	77,927.3	1,073.3	3,420.6	7,288.9
Mar-98	7,940.2	4,555.9	26,314.8	28,614.5	59,485.1	381.9	5,429.8	364.0	250.0	1.6	1,230.9	0.0	178.0	5,807.6	81,069.2	1,131.3	3,740.5	7,107.2
Jun-98	8,372.3	5,130.7	26,234.3	28,243.8	59,608.7	803.4	6,247.7	35.0	250.0	5.6	864.0	271.2	163.9	6,570.8	83,192.8	1,120.1	3,491.2	7,794.0
Sep-98	9,001.7	5,512.3	26,284.0	29,400.5	61,196.7	604.2	5,612.7	0.0	250.0	1.4	1,283.9	16.2	182.1	6,403.4	84,552.4	829.6	3,945.3	7,816.6
Dec-98	9,092.1	5,026.9	27,406.1	30,477.3	62,910.3	835.3	5,953.9	287.6	475.0	2.0	3,169.0	175.1	197.3	7,202.8	90,300.4	685.1	3,589.0	8,417.6
Jan-99	9,138.9	4,984.8	27,654.2	31,150.1	63,789.1	841.8	6,271.3	170.0	250.0	1.7	3,620.1	61.8	145.2	7,162.1	91,452.1	597.2	4,082.2	8,120.5
Feb-99	9,192.3	5,087.7	28,858.8	31,851.9	65,798.5	558.3	5,878.8	90.0	250.0	1.4	4,096.7	186.6	179.4	6,635.0	92,867.1	544.1	4,419.9	8,151.5
Mar-99	9,149.1	5,019.6	29,224.0	31,647.7	65,891.4	696.8	6,366.0	0.0	250.0	1.9	3,587.7	213.7	129.1	6,891.1	93,176.7	568.3	4,357.8	8,070.3
Apr-99	9,107.5	5,136.1	29,582.4	31,597.4	66,316.0	731.2	6,519.7	110.0	250.0	1.0	3,204.4	126.4	123.3	7,086.6	93,576.2	641.7	4,583.8	8,225.9
May-99	9,118.0	5,069.6	29,843.4	31,412.5	66,325.6	795.3	7,000.2	235.0	250.0	1.1	3,125.9	144.4	115.6	7,774.5	94,885.6	654.6	4,586.2	8,268.1
Jun-99	10,154.3	5,253.8	30,239.2	31,830.5	67,323.5	1,231.7	7,228.5	80.0	250.0	1.7	2,913.4	130.9	189.3	7,680.1	97,183.3	851.3	4,194.6	8,368.1
Jul-99	10,837.1	4,935.0	30,623.9	32,079.6	67,638.6	517.3	7,290.9	180.0	425.0	0.1	2,991.9	146.8	120.2	6,660.3	96,808.0	829.9	4,194.1	8,444.2
Aug-99	10,879.2	4,967.6	31,128.3	32,974.3	69,070.2	666.9	7,087.7	60.0	250.0	0.1	3,049.0	25.1	113.4	6,586.5	97,788.1	972.3	4,024.9	8,351.5
Sep-99	10,796.8	5,496.4	31,638.1	34,084.6	71,219.1	586.5	7,282.4	65.0	250.0	0.1	2,915.8	12.1	152.7	7,143.6	100,424.1	1,003.4	4,689.3	8,453.6
Oct-99	10,806.6	4,991.2	31,651.3	33,955.1	70,597.7	587.6	6,856.9	130.0	250.0	0.1	3,001.8	44.9	146.0	7,590.4	100,011.9	1,090.5	4,623.5	8,498.8
Nov-99	10,604.2	5,405.1	32,463.2	34,141.6	72,009.8	457.1	7,237.4	5.0	250.0	0.1	2,744.8	96.1	103.8	8,130.6	101,638.9	1,095.7	4,369.5	9,630.4
Dec-99	10,848.6	5,844.8	33,094.1	34,525.0	73,463.9	264.4	7,275.6	450.0	250.0	0.0	2,655.6	36.8	104.0	8,217.8	103,566.7	1,169.5	4,173.7	8,343.4
Jan-00	11,054.0	5,811.0	33,911.8	35,258.4	74,981.2	278.2	7,198.5	165.0	250.0	0.0	2,694.5	38.0	215.9	7,998.7	104,873.8	1,083.2	3,990.7	8,369.7
Feb-00	10,833.8	5,486.5	33,643.3	35,927.2	75,057.0	295.7	7,041.9	135.0	250.0	0.0	2,674.7	157.0	123.7	7,790.4	104,359.2	1,077.0	3,966.4	8,142.9
Mar-00	10,895.9	5,842.3	33,606.5	36,106.7	75,555.5	267.9	7,252.2	10.0	295.4 ⁴	0.0	2,723.1	333.0	99.7	8,033.0	105,465.7	958.6	4,338.6	8,605.1
Apr-00	10,884.5	5,516.5	33,636.9	36,240.7	75,394.1	228.0	7,161.5	10.0	344.6 ⁴	0.0	2,265.5	332.2	148.2	8,329.0	105,097.6	1,014.9	4,803.0	8,686.0
May-00	10,810.8	5,480.4	33,883.2	35,663.6	75,027.2	271.1	7,721.9	270.0	627.9 ⁴	0.0	3,268.0	612.3	136.3	8,773.4	107,518.8	1,111.9	4,266.8	9,429.3
Jun-00	11,360.6	5,881.0	33,938.7	35,702.2	75,521.9	605.9	8,228.4	600.0	623.4 ⁴	0.0	3,040.2	1,084.4	119.3	8,681.3	109,865.6	1,145.5	4,458.2	9,326.8
Jul-00	12,216.0	6,485.0	33,741.5	35,813.8	76,040.3	242.1	8,315.9	20.0	669.0 ⁴	0.0	2,872.8	571.8	209.9	7,593.3	108,751.1	1,155.1	4,350.1	8,389.5
Aug-00	11,848.0	5,789.8	34,569.3	36,436.7	76,795.7	160.1	8,117.8	410.0	263.6 ⁴	0.0	3,538.1	728.5	106.2	7,468.2	109,436.4	1,144.8	4,691.1	9,003.8
Sep-00	11,973.9	6,117.8	35,270.8	36,369.0	77,757.5	213.2	8,290.3	30.0	304.3	0.0	3,868.0	835.0	173.0	7,646.4	111,091.6	1,177.5	4,673.3	9,253.0
Oct-00	11,915.2	5,723.1	35,467.8	36,307.6	77,498.6	216.1	8,376.9	105.0	250.0	0.0	4,080.6	617.4	107.5	8,005.2	111,172.6	1,164.0	4,478.5	9,318.2

¹ Includes demand deposits of Offshore Banking Units (OBUs).							² Includes margin deposits.				³ Includes borrowings from other institutions (local and foreign).						⁴ Includes Bills rediscounted.
Figures may not add up to totals due to rounding.

					74,981.2		35258.37					104,873.96	104873.9	0.1	8032.9

Table 8: Consolidated Statement of Assets and Liabilities of Commercial banks as at end October 2000


	October 2000	September 2000
	Rupees	Rupees
ASSETS EMPLOYED
ASSETS
Cash in Hand & Balances with BOM	4,640,759,453	4,894,126,781
Balances & Placements
Banks in Mtius & Abroad	5,657,376,689	5,494,258,500
Offshore Banks in Mtius	1,892,541,299	1,544,184,728
	7,549,917,988	7,038,443,228
Investment in Govt & BOM Securities	15,078,804,711	15,528,111,510
Foreign Currency Notes & Coin	129,836,193	108,282,895
Loans & Overdrafts to Customers
Private Sector	55,187,547,731	55,115,160,970
Government	53	42
	55,187,547,784	55,115,161,012
Other Advances
Local	2,320,925,619	2,262,702,357
Foreign	4,061,902,636	3,768,905,103
	6,382,828,255	6,031,607,460
Other Investments	13,123,162,128	13,153,094,957
Fixed Assets	5,969,982,231	5,927,383,848
Other Assets	3,004,727,545	3,265,434,922
	111,067,566,288	111,061,646,613
less:
LIABILITIES
Deposits
Demand	14,316,079,274	14,621,358,312
Savings	36,278,607,626	36,346,963,329
Time	35,496,818,341	35,292,755,975
	86,091,505,241	86,261,077,616
Borrowings
Bank of Mauritius	250,000,000	304,270,900
Banks in Mtius & Abroad	4,080,632,028	3,867,988,645
Offshore Banks in Mtius	617,445,652	834,963,189
Others	117,113,138	121,362,771
	5,065,190,818	5,128,585,505
Other Liabilities	7,995,624,744	7,698,070,156
	99,152,320,803	99,087,733,277
	11,915,245,485	11,973,913,336
FINANCED BY
CAPITAL & RESERVES
Issued & Paid-Up Capital	3,282,824,269	3,282,824,269
Reserves & Surplus	8,617,635,302	8,676,303,153
	11,900,459,571	11,959,127,422
LOANS	14,785,914	14,785,914
	11,915,245,485	11,973,913,336
MEMORANDUM ITEMS
Documentary Letters of Credit, Acceptances,
Endorsements & other Obligations on
account of Customers	14,960,713,874	15,103,815,696
Inward Bills Held for Collection	1,229,960,592	1,078,921,371
Outward Bills Sent for Collection	636,232,455	645,711,808

Table 9: Sector-wise Distribution of Commercial Banks' Credit to the Private Sector: June 1998 - October 2000

													(End of Period)		(Rs million)
Sectors	Jun-98	Dec-98	Jun-99	Oct-99	Nov-99	Dec-99	Jan-00	Feb-00	Mar-00	Apr-00	May-00	Jun-00	Jul-00	Aug-00	Sep-00	Oct-00

1. Mauritius Sugar Syndicate	0.8	675.6	95.3	341.9	278.0	1.7	2.6	2.7	8.4	154.5	164.1	235.6	613.7	759.3	832.0	791.6
2. Sugar Industry - Estates	2,613.2	2,191.9	2,965.3	2,777.6	2,688.1	2,611.8	2,847.1	2,920.2	3,003.8	3,119.7	3,236.0	3,422.6	3,504.9	3,424.6	3,233.3	3,120.8
3. Sugar Industry - Others	462.9	343.5	376.5	403.0	396.1	371.5	287.3	282.6	286.2	292.4	332.8	376.7	366.9	354.4	341.5	313.9
4. Other Agricultural Interests	504.2	465.3	401.1	407.4	413.1	400.4	403.1	414.0	419.5	428.2	435.2	429.6	445.0	439.0	445.9	454.7
5. Export Enterprise Certificate Holders	5,859.1	6,315.2	5,958.1	5,706.5	5,792.2	5,588.1	5,672.3	6,024.0	5,905.0	5,971.1	6,119.2	6,037.4	5,993.3	6,071.7	6,115.0	6,376.5
6. Development Certificate Holders	1,121.7	1,207.2	1,058.4	1,165.0	1,266.9	1,226.4	1,282.4	1,341.4	1,485.0	1,473.7	1,525.8	1,573.0	1,543.8	1,652.7	1,670.5	1,750.1
7. Agricultural Development Cert. Holders	40.4	56.8	56.8	62.0	60.8	61.9	55.1	56.6	55.6	50.2	34.0	34.3	19.9	16.4	15.0	15.9
8. Export Service Certificate Holders	103.8	136.8	159.7	153.1	149.4	168.0	159.7	171.5	175.9	153.2	154.5	155.4	143.2	145.6	153.4	157.2
9. Pioneer Status Certificate Holders	149.3	141.7	128.3	132.6	148.8	144.4	146.3	170.4	164.4	157.5	159.3	165.6	168.6	181.2	182.0	180.1
10. Housing Development Cert. Holders	53.9	51.6	36.1	27.9	28.0	25.6	26.5	26.9	24.5	25.1	24.4	25.1	24.4	24.8	24.0	24.6
11. Hotel Management Certificate Holders	367.6	708.3	668.6	942.1	1,033.5	1,143.5	1,125.4	970.6	1,020.1	1,926.0	2,134.9	2,208.3	2,135.2	1,610.6	1,652.8	1,816.3
12. Small Scale Industries	246.3	245.2	249.6	237.4	242.4	236.9	232.3	252.4	242.0	249.3	248.8	260.7	255.9	247.9	255.5	243.5
13. Ex-Dc Industries	351.4	484.2	483.9	517.6	550.8	490.1	571.9	448.4	343.0	316.4	365.6	467.4	413.1	393.6	368.0	330.6
14. Other Industries & Manufacturers	4,731.2	4,617.6	4,860.2	4,770.5	4,857.8	4,731.6	4,837.4	5,040.9	4,948.3	4,752.2	4,803.7	4,855.1	4,915.2	4,995.2	5,004.6	4,974.7
15. Industrial Building Ent. Cert. Holders	142.8	172.8	184.9	173.8	188.6	190.4	194.0	194.6	207.6	217.7	218.6	215.4	237.1	242.6	231.3	226.7
16. Strategic Local Enterprise Cert. Holders	7.5	5.8	5.6	4.1	3.9	2.7	2.0	2.4	2.1	2.0	2.0	0.0	0.0	0.0	0.0	0.0
17. Housing (including Rodrigues)	4,970.7	5,849.9	6,282.5	6,422.1	6,348.4	6,568.5	6,532.2	6,488.6	6,466.0	6,479.8	6,441.9	6,449.9	6,454.4	6,490.5	6,539.5	6,514.5
18. Hotels (other than item 11 above)	1,267.8	1,414.9	1,663.8	1,988.1	2,237.9	2,593.4	2,736.3	2,726.0	2,809.0	2,679.7	2,423.2	2,529.6	2,888.1	3,052.0	3,137.2	3,101.8
19. Transport	606.4	622.7	681.6	685.0	690.8	652.8	651.7	627.8	619.7	609.8	573.6	600.6	606.4	611.6	617.4	636.1
20. Statutory and Parastatal Bodies	400.5	778.1	944.9	1,199.7	1,214.4	1,389.6	1,619.7	1,408.3	1,431.2	1,634.6	1,639.7	2,390.6	2,356.8	2,318.3	2,403.3	2,157.5
21. Building Contractors, etc.	2,337.1	2,473.1	2,576.7	2,844.0	2,853.5	2,819.7	2,833.4	2,842.3	2,779.4	2,680.2	2,854.7	2,771.3	2,837.3	2,875.9	2,824.7	2,854.3
22. Traders	8,489.9	9,517.3	9,814.6	9,998.4	9,821.4	9,542.1	9,658.2	9,238.9	9,239.4	9,085.0	8,957.0	8,989.6	8,999.8	9,195.2	9,274.0	9,291.8
23. Stockbrokers	143.4	141.5	153.1	125.3	120.1	111.1	112.9	119.0	121.7	27.1	25.9	23.7	30.3	317.5	317.0	316.9
24. Personal & Professional	5,755.0	6,268.3	6,672.3	6,916.8	6,881.2	6,791.0	6,654.5	6,717.1	6,732.2	6,828.3	6,887.8	6,963.4	7,024.5	7,144.5	7,211.6	7,303.2
25. Financial Institutions	710.6	1,172.8	1,162.7	1,069.6	964.3	858.8	960.7	1,062.3	1,356.5	1,376.1	1,470.5	1,509.2	1,556.7	1,733.4	1,695.8	1,717.9
26. Other Customers	1,469.7	1,886.2	2,441.6	2,421.4	2,566.9	2,624.7	2,623.8	2,560.3	2,596.3	2,522.3	2,547.1	2,677.9	2,934.7	2,829.2	2,832.5	2,837.2

Total	42,907.2	47,944.0	50,082.2	51,493.1	51,797.4	51,346.8	52,228.8	52,110.1	52,443.0	53,212.0	53,780.5	55,368.0	56,469.4	57,128.0	57,377.8	57,508.5
Investment in Shares and Debentures	7,033.9	8,708.9	10,024.1	10,830.7	11,004.3	11,173.8	11,432.6	11,537.7	11,693.6	11,895.0	11,887.5	11,903.4	11,965.4	11,948.7	11,944.9	11,914.9
TOTAL CREDIT TO PRIVATE SECTOR	49,941.1	56,652.9	60,106.3	62,323.7	62,801.7	62,520.6	63,661.4	63,647.8	64,136.6	65,107.0	65,668.0	67,271.4	68,434.8	69,076.7	69,322.7	69,423.4
Figures may not add up to totals due to rounding.

Table 10: Sector-wise Distribution of Commercial Banks' Credit to the Private Sector as at end October 2000

				Figures rounded to nearest rupee
Sectors	Overdrafts	Loans¹	Bills	Bills	Bills	Total
			Purchased &	Receivable	Discounted
			Discounted		Contra

1. Mauritius Sugar Syndicate	791,617,731	0	0	0	0	791,617,731
2. Sugar Industry - Estates	1,119,617,907	1,987,797,750	13,384,365	0	0	3,120,800,022
3. Sugar Industry - Others	226,068,434	87,693,977	167,979	0	0	313,930,390
4. Other Agricultural Interests	237,357,735	216,079,752	1,296,764	0	0	454,734,252
5. Export Enterprise Certificate Holders	4,157,912,274	1,749,658,772	180,724,414	288,200,169	0	6,376,495,629
6. Development Certificate Holders	376,070,514	1,267,342,326	2,821,964	103,817,290	0	1,750,052,094
7. Agricultural Development Certificate Holders	2,482,429	10,763,569	0	2,628,073	0	15,874,070
8. Export Service Certificate Holders	107,069,817	48,833,606	136,457	1,202,835	0	157,242,715
9. Pioneer Status Certificate Holders	78,737,728	84,980,903	5,455,465	10,927,426	0	180,101,522
10. Housing Development Certificate Holders	7,086,855	17,528,930	0	0	0	24,615,784
11. Hotel Management Certificate Holders	877,249,397	939,034,683	0	0	0	1,816,284,080
12. Small Scale Industries	149,235,359	87,664,390	150,917	6,499,105	0	243,549,771
13. Ex-Dc Industries	215,099,627	107,255,620	410,000	7,794,338	0	330,559,586
14. Other Industries & Manufacturers	2,360,244,094	2,427,103,724	8,587,304	178,753,841	0	4,974,688,962
15. Industrial Building Enterprise Cert. Holders	49,401,363	177,282,661	0	0	0	226,684,024
16. Strategic Local Enterprise Cert. Holders	0	0	0	0	0	0
17. Housing (including Rodrigues)	290,228,362	6,174,698,430	49,553,158	0	0	6,514,479,950
18. Hotels (other than item 11 above)	926,569,811	2,174,645,204	600,000	0	0	3,101,815,015
19. Transport	132,432,099	503,617,152	7,274	0	0	636,056,525
20. Statutory and Para-Statal Bodies	1,247,729,787	909,727,977	0	0	0	2,157,457,764
21. Building Contractors, etc.	1,220,513,513	1,632,604,928	1,224,426	0	0	2,854,342,866
22. Traders	4,854,223,372	3,423,818,865	118,542,776	895,264,652	0	9,291,849,665
23. Stock Brokers	8,723,842	308,171,766	0	0	0	316,895,608
24. Personal & Professional	2,487,716,480	4,459,471,070	340,162,614	15,849,216	0	7,303,199,380
25. Financial Institutions	1,190,751,330	521,606,489	5,076,006	479,974	0	1,717,913,799
26. Other Customers	1,581,173,427	1,174,851,900	31,959,824	49,246,994	0	2,837,232,145

Total	24,695,313,286	30,492,234,445	760,261,706	1,560,663,913	0	57,508,473,350
Investment in Shares and Debentures						11,914,938,329
TOTAL CREDIT TO PRIVATE SECTOR						69,423,411,679
¹ Includes Loans and Other Financing in Foreign Currencies.

Table 11: Components and Sources of Reserve Money
							(End of Period)			(Rs million)
	Jun-99	Sep-99	Dec-99	Mar-00	Apr-00	May-00	Jun-00	Jul-00	Aug-00	Sep-00	Oct-00

Components of Reserve Money

1. Currency with Public	4,876	4,322	6,127	5,132	5,139	5,050	5,172	5,267	5,255	5,407	5,407
2. Currency with Banks	2,000	2,349	3,010	1,631	1,559	1,728	1,557	1,619	1,851	1,729	1,811
3. Demand Deposits with Bank of Mauritius	3,469	3,156	1,388	3,437	3,236	3,000	3,037	3,334	2,901	3,188	2,851

Reserve Money (1+2+3)	10,345	9,827	10,525	10,200	9,934	9,778	9,766	10,220	10,007	10,324	10,069

Sources of Reserve Money

1. Net Foreign Assets of BoM	15,315	15,696	18,425	18,214	17,728	17,222	17,455	17,067	16,925	16,895	16,986
2. Net BoM Credit to Government	4,576	4,384	2,281	2,298	2,495	2,699	3,002	3,615	4,023	4,373	4,103
3. BoM Credit to Commercial Banks	250	250	250	296	345	628	623	669	264	304	250
4. BoM Credit to Non-Bank Financial Institutions	575	541	506	475	463	448	435	422	408	396	382
5. Net Non-Monetary Liabilities	10,371	11,045	10,938	11,083	11,097	11,219	11,749	11,553	11,613	11,644	11,652

Reserve Money (1+2+3+4-5)	10,345	9,827	10,525	10,200	9,934	9,778	9,766	10,220	10,007	10,324	10,069

Broad Money Multiplier @	7.8	8.5	8.3	8.6	8.8	9.0	9.1	8.8	9.0	8.9	9.1
Note: Figures may not add up to totals due to rounding					@ Defined as the ratio of Broad Money to Reserve Money

Table 12: Components and Sources of Broad Money (M2)
							(End of Period)			(Rs millio
	Jun-99	Sep-99	Dec-99	Mar-00	Apr-00	May-00	Jun-00	Jul-00	Aug-00	Sep-00	Oct-00

Components of Broad Money

1. Currency with Public	4,876	4,322	6,127	5,132	5,139	5,050	5,172	5,267	5,255	5,407	5,407
2. Demand Deposits with the Banking System	6,030	5,833	5,877	5,867	5,535	5,503	5,894	6,504	5,803	6,140	5,744
I. Narrow Money, M1 (1+2)	10,906	10,155	12,004	10,999	10,674	10,553	11,065	11,771	11,058	11,548	11,151

1. Savings Deposits	31,830	34,085	34,525	36,107	36,241	35,664	35,702	35,814	36,437	36,369	36,308
2. Time Deposits	30,239	31,638	33,094	33,607	33,637	33,883	33,939	33,742	34,569	35,271	35,468
3. Foreign Currency Deposits	7,229	7,282	7,276	7,252	7,162	7,722	8,228	8,316	8,118	8,290	8,377
II. Quasi-Money (1+2+3)	69,298	73,005	74,895	76,966	77,039	77,269	77,869	77,872	79,124	79,930	80,152

Broad Money, M2 (I+II)	80,204	83,160	86,899	87,965	87,713	87,822	88,935	89,643	90,182	91,478	91,303

Sources of Broad Money

1. Bank of Mauritius	15,315	15,696	18,425	18,214	17,728	17,222	17,455	17,067	16,925	16,895	16,986
2. Commercial Banks	6,772	6,526	7,120	6,537	6,226	6,499	7,254	6,554	5,964	6,428	6,693
I. Net Foreign Assets (1+2)	22,087	22,222	25,545	24,751	23,954	23,721	24,709	23,621	22,889	23,323	23,679

1. Bank of Mauritius	4,576	4,384	2,281	2,298	2,495	2,699	3,002	3,615	4,023	4,373	4,103
2. Commercial Banks	11,437	13,009	15,416	15,929	15,775	15,961	15,464	15,054	15,072	15,255	14,823
A. Net Credit to the Central Government (1+2)	16,013	17,393	17,697	18,226	18,270	18,660	18,466	18,669	19,095	19,628	18,926

1. Bank of Mauritius Claims on Non-bank Financial Institutio	575	541	506	475	463	448	435	422	408	396	382
2. Commercial Banks' Claims on Private Sector	60,106	61,896	62,521	64,137	65,107	65,668	67,271	68,435	69,077	69,323	69,423
3. Commercial Banks' Claims on Other Bank-like Institutions	33	284	284	284	284	284	284	284	284	284	284
B. Credit to the Private Sector (1+2+3)	60,714	62,721	63,311	64,895	65,854	66,400	67,990	69,140	69,769	70,003	70,089

II. Domestic Credit (A+B)	76,727	80,113	81,008	83,121	84,124	85,060	86,456	87,809	88,864	89,631	89,015

III. Net Non-Monetary Liabilities	18,610	19,175	19,654	19,907	20,365	20,959	22,230	21,787	21,571	21,476	21,391

Broad Money, M2 (I+II-III)	80,204	83,160	86,899	87,965	87,713	87,822	88,935	89,643	90,182	91,478	91,303

Note: Figures may not add up to totals due to rounding.

Table 13: Currency in Circulation
																									(Rs million)
End	BANKNOTES												COINS													TOTAL
of	Demonetized												Comme-	Gold												NOTES
Month	Currency	Rs5	Rs10	Rs20	Rs25	Rs50	Rs100	Rs200	Rs500	Rs1000	Rs2000	Total	morative	Bullion	Rs10	Rs5	Re1	50c	25c	20c	10c	5c	2c	1c	Total	AND COINS
	Notes												Coins	Coins

Dec-96	22.0	5.4	188.9	2.2	0.0	188.8	1,057.9	1,025.5	1,890.0	2,064.4	0.0	6,444.9	6.6	10.8	0.2	53.1	61.2	13.9	6.5	13.5	2.5	3.3	0.3	0.2	172.2	6,617.2
Mar-97	22.0	5.4	171.2	2.0	0.0	169.9	910.8	815.6	1,519.6	1,860.8	0.0	5,477.2	6.6	11.0	0.2	50.9	61.6	14.1	6.5	13.8	2.5	3.3	0.3	0.2	171.1	5,648.3
Jun-97	21.9	5.3	169.6	1.9	0.0	169.6	872.4	816.7	1,227.6	2,017.7	0.0	5,302.7	6.6	11.1	0.2	50.7	61.9	14.2	6.5	14.2	2.5	3.4	0.3	0.2	171.7	5,474.5
Sep-97	21.9	5.3	172.0	1.9	0.0	167.2	870.1	863.8	1,186.7	2,188.8	0.0	5,477.7	6.6	11.3	2.9	52.7	63.3	14.4	6.5	14.6	2.5	3.5	0.3	0.2	178.6	5,656.4
Dec-97	21.9	5.2	179.6	1.9	0.0	232.1	1,006.0	1,206.0	1,992.7	2,451.8	0.0	7,097.1	6.6	11.6	14.3	57.0	66.3	14.8	6.5	15.1	2.5	3.6	0.3	0.2	198.7	7,295.8
Mar-98	21.9	5.2	166.7	1.9	0.0	190.3	882.5	888.3	1,464.6	2,337.7	0.0	5,959.1	6.6	11.6	14.5	54.8	66.8	15.0	6.5	15.4	2.5	3.6	0.3	0.2	197.8	6,156.9
Jun-98	21.8	5.1	163.6	1.9	0.0	179.5	846.0	860.5	1,426.8	2,330.3	0.0	5,835.5	6.6	11.7	17.8	53.5	66.3	15.1	6.5	15.7	2.5	3.7	0.3	0.2	199.9	6,035.4
Sep-98	21.7	5.1	156.9	1.8	0.0	184.7	877.3	933.0	1,518.8	2,356.9	0.0	6,056.2	6.6	11.7	26.9	55.2	66.8	15.5	6.4	16.1	2.5	3.8	0.3	0.2	212.1	6,268.3
Dec-98	21.6	5.1	136.3	1.8	21.6	208.5	1,063.1	1,173.4	1,841.1	3,145.8	196.1	7,814.4	6.6	11.8	51.8	58.9	69.3	15.9	6.4	16.6	2.5	3.9	0.3	0.2	244.3	8,058.7
Jan-99	21.6	5.1	125.8	1.8	22.1	193.9	907.9	990.8	1,513.5	2,708.8	192.3	6,683.6	6.7	11.8	55.8	58.5	69.7	16.0	6.4	16.7	2.5	3.9	0.3	0.2	248.6	6,932.2
Feb-99	21.6	5.1	118.8	1.8	24.3	189.0	881.3	1,000.6	1,485.0	2,567.4	186.4	6,481.3	6.7	12.0	58.1	56.1	68.9	16.0	6.4	16.8	2.5	3.9	0.3	0.2	247.9	6,729.2
Mar-99	21.6	5.1	111.0	1.8	23.5	185.0	906.5	1,022.4	1,441.8	2,565.5	213.9	6,498.1	6.7	12.0	64.6	55.3	68.8	16.1	6.4	16.9	2.4	3.9	0.3	0.2	253.6	6,751.7
Apr-99	21.6	5.1	105.2	1.8	24.8	174.8	862.7	982.3	1,441.0	2,564.7	223.2	6,407.2	6.6	12.0	67.8	54.5	68.3	16.2	6.4	17.0	2.4	3.9	0.3	0.2	255.6	6,662.8
May-99	21.6	5.0	100.2	1.8	24.0	172.9	863.4	960.9	1,411.7	2,569.7	271.2	6,402.4	6.7	11.9	72.2	54.1	67.8	16.3	6.4	17.2	2.5	4.0	0.3	0.2	259.6	6,662.0
Jun-99	21.6	5.0	93.6	1.8	34.9	197.7	923.9	1,034.4	1,438.5	2,555.2	308.8	6,615.3	6.7	11.9	75.1	52.8	67.3	16.3	6.4	17.3	2.5	4.0	0.3	0.2	260.7	6,876.0
Jul-99	21.6	5.0	86.6	1.8	30.7	178.7	869.8	1,040.1	1,351.8	2,251.9	408.2	6,246.1	6.7	11.9	80.5	52.0	67.1	16.3	6.4	17.4	2.5	4.0	0.3	0.2	265.3	6,511.4
Aug-99	21.6	5.0	78.7	1.8	34.6	174.4	885.5	1,034.7	1,452.4	2,218.1	472.1	6,378.9	6.7	11.9	87.6	52.1	67.1	16.3	6.4	17.6	2.5	4.0	0.3	0.2	272.6	6,651.5
Sep-99	21.6	5.0	66.4	1.8	41.4	168.0	895.2	1,039.5	1,507.0	2,115.3	532.0	6,393.2	6.7	11.9	91.7	52.4	67.3	16.2	6.4	17.7	2.5	4.0	0.3	0.2	277.2	6,670.4
Oct-99	21.5	4.9	44.4	1.8	47.8	158.9	880.0	1,020.8	1,533.9	2,169.6	538.0	6,421.5	6.7	12.0	102.5	52.8	67.1	16.2	6.4	17.8	2.5	4.0	0.3	0.2	288.4	6,709.9
Nov-99	21.5	4.9	40.4	1.7	54.3	172.0	965.4	1,092.4	1,666.9	2,406.6	583.1	7,009.1	6.7	12.0	112.1	53.6	67.5	16.2	6.4	17.9	2.5	4.0	0.3	0.2	299.5	7,308.6
Dec-99	21.5	4.9	39.1	1.7	64.9	196.6	1,098.6	1,343.5	2,010.5	3,358.1	683.0	8,822.4	6.7	12.1	122.1	55.8	69.4	16.3	6.4	18.1	2.5	4.0	0.3	0.2	313.9	9,136.3
Jan-00	21.5	4.8	37.9	1.7	59.0	178.8	869.5	976.7	1,477.0	2,537.3	595.8	6,760.0	6.8	12.1	120.7	55.3	69.5	16.3	6.4	18.1	2.5	4.1	0.3	0.2	312.3	7,072.3
Feb-00	21.5	4.8	37.3	1.7	56.6	171.7	829.0	965.7	1,418.5	2,479.3	581.9	6,568.0	6.8	12.0	116.5	54.0	68.8	16.3	6.4	18.2	2.5	4.1	0.3	0.2	306.2	6,874.2
Mar-00	21.5	4.8	37.0	1.7	55.1	164.0	801.6	955.1	1,391.1	2,460.8	568.8	6,461.5	6.9	12.2	114.1	52.8	68.1	16.3	6.4	18.3	2.4	4.1	0.3	0.2	302.1	6,763.6
Apr-00	21.4	4.8	36.7	1.7	56.7	161.4	793.9	937.0	1,365.0	2,461.5	557.6	6,397.7	6.9	12.2	113.3	51.9	67.8	16.3	6.4	18.4	2.5	4.1	0.3	0.2	300.3	6,698.0
May-00	21.4	4.8	36.3	1.7	56.7	160.5	793.3	948.1	1,375.6	2,511.1	568.8	6,478.3	6.9	12.2	113.5	51.3	67.4	16.3	6.4	18.5	2.5	4.1	0.3	0.2	299.6	6,777.9
Jun-00	21.4	4.8	36.1	1.7	58.8	157.7	778.9	959.5	1,372.6	2,478.9	561.6	6,432.0	6.9	12.2	111.6	50.9	67.0	16.3	6.4	18.6	2.5	4.1	0.3	0.2	297.0	6,729.0
Jul-00	21.4	4.8	36.0	1.7	59.6	157.2	784.6	970.8	1,401.9	2,569.9	579.1	6,587.0	6.9	12.2	113.6	50.9	66.8	16.3	6.4	18.7	2.5	4.1	0.3	0.2	298.9	6,885.9
Aug-00	21.4	4.7	35.8	1.7	61.3	159.1	817.5	991.0	1,429.2	2,687.3	593.0	6,802.0	6.9	12.2	116.9	51.8	67.6	16.3	6.4	18.8	2.5	4.2	0.3	0.2	304.1	7,106.1
Sep-00	21.4	4.7	35.6	1.7	65.0	161.9	801.2	990.8	1,431.2	2,716.5	600.7	6,830.7	6.9	12.1	117.8	52.3	67.9	16.4	6.4	19.0	2.5	4.2	0.3	0.2	306.0	7,136.7
Oct-00	21.4	4.7	35.5	1.7	68.3	166.2	819.6	1,001.4	1,434.1	2,750.2	608.1	6,911.2	6.9	12.2	117.8	52.4	68.0	16.3	6.4	19.0	2.5	4.2	0.3	0.2	306.2	7,217.4
Nov-00	21.4	4.7	35.3	1.7	76.6	167.1	843.1	1,005.4	1,489.8	2,858.9	623.6	7,127.6	6.9	12.2	120.3	53.4	68.0	16.6	6.4	19.3	2.5	4.2	0.3	0.2	310.3	7,437.9

Figures may not add up to totals due to rounding.

Table 14: Auctions of Treasury Bills

						(Rs million)
		Auctions held on				Total
		3-Nov-00	10-Nov-00	17-Nov-00	24-Nov-00	Oct-00	Nov-00

1.	Amount of Bills put on Tender	600	400	700	3,000	3,300	4,700
2.	Value of Bids Received	543	308	668	904	2,669	2,423
3.	Value of Bids Accepted	537	308	434	873	2,414	2,152
4.	Value of Bills Maturing ¹	545	400	634	801	2,999	2,380
5.	Net Issue of Bills (3 - 4)	-8	-93	-200	72	-585	-229

¹ Figures exclude maturing Bills of the Secondary Market Cell.


Table 15: Bank Rate and Weighted Average Yields on Treasury Bills

				(Per cent per annum)
		Auctions held on
		3-Nov-00	10-Nov-00	17-Nov-00	24-Nov-00

1.	Weighted Yield on:
	91-day	9.55	9.95	10.23	10.13
	182-day	10.00	10.36	10.43	10.42
	364-day	11.77	11.97	12.12	12.18
	728-day	12.14	12.17	12.46	12.48
2.	Overall Weighted Average Yield	10.88	10.91	10.63	11.27
3.	Bank Rate ¹	10.81	10.70	10.59	11.05


¹Bank Rate is determined on the basis of overall weighted average yield on Bills with maturities of 91,182 and 364 days only.
As from 28 January 2000, Bank Rate is effective on the same day.
As from April 2000, the issue of 28-day Treasury Bills was discontinued .

Table 16: Auctions of Treasury Bills: Maturity-wise


		Jul-99	Aug-99	Sep-99	Oct-99	Nov-99	Dec-99	Jan-00	Feb-00	Mar-00	Apr-00	May-00	Jun-00	Jul-00	Aug-00	Sep-00	Oct-00	Nov-00
			Rs million					Rs million

1.	Amount of Bills put on Tender	4,950	3,700	3,800	4,900	5,000	6,450	6,600	6,300	6,300	4,900	4,150	4,700	2,850	3,450	4,250	3,300	4,700
2.	Total Bids Received	3,462	2,440	3,489	3,681	4,596	5,528	5,758	5,318	5,559	4,954	4,658	2,886	2,285	2,974	3,530	2,669	2,423
	28-day ¹	1,131	812	1,462	1,579	1,507	2,070	1,489	1,474	1,201	0	0	0	0	0	0	0	0
	91-day	1,213	850	1,370	1,184	1,645	1,407	1,801	2,290	1,745	1,952	2,161	1,019	648	878	1,218	1,414	1,048
	182-day	224	438	256	348	564	897	1,035	727	1,032	1,340	991	653	325	256	384	119	311
	364-day	486	284	306	415	554	864	899	659	672	1,140	951	1,068	920	1,147	870	643	843
	728-day	408	56	95	155	326	290	534	168	910	522	554	147	392	693	1,057	493	221
3.	Total Bills Sold	3,448	2,392	3,088	3,214	3,241	4,196	5,494	5,317	4,072	3,050	4,049	2,672	2,208	2,816	3,480	2,414	2,152
	28-day ¹	1,131	787	1,112	1,163	728	1,514	1,374	1,474	905	0	0	0	0	0	0	0	0
	91-day	1,207	837	1,319	1,133	1,565	1,292	1,737	2,289	1,218	651	2,059	909	626	840	1,168	1,370	874
	182-day	217	438	256	348	518	770	953	727	585	861	910	581	301	256	384	88	311
	364-day	486	274	306	415	296	372	899	659	578	1,016	661	1,036	894	1,137	870	557	746
	728-day	407	56	95	155	134	248	531	168	786	522	418	147	386	583	1,057	399	221

			Per cent per annum					Per cent per annum
4.	Weighted Average Yield
	28-day ¹	12.56	12.61	12.60	12.54	11.99	11.68	11.23	11.13	10.87	__	__	__	__	__	__	__	__
	91-day	12.72	12.71	12.72	12.70	12.67	12.47	12.26	12.14	12.08	10.76	9.96	8.93	8.58	9.05	9.16	9.54	10.04
	182-day	12.78	12.76	12.79	12.78	12.73	12.63	12.47	12.49	12.34	11.19	10.96	10.25	9.36	9.46	9.42	9.98	10.29
	364-day	12.99	13.00	13.00	12.99	12.99	12.71	12.60	12.62	12.24	11.62	11.50	10.55	11.19	11.37	11.39	11.71	12.00
	728-day	13.10	13.10	13.10	13.10	13.10	12.93	12.94	12.95	12.79	11.97	11.93	11.25	11.94	11.89	11.93	12.08	12.37
5.	Overall Weighted Yield	12.75	12.73	12.72	12.71	12.57	12.26	12.16	11.99	12.01	11.38	10.64	9.97	10.33	10.61	10.59	10.48	10.99
6.	Bank Rate (Simple Average)	12.69	12.74	12.72	12.69	12.60	12.36	12.06	11.95	11.71	11.23	10.54	10.04	10.08	10.32	9.96	10.16	10.77

Figures may not add up to totals due to rounding.
¹ As from November 1999, 30-day Treasury Bill was replaced by 28-day Treasury Bill. As from April 2000, the issue of 28-day Treasury Bills was discontinued.



Table 17: Repurchase Transactions


			15-Dec-99	20-Dec-99	3-Jul-00			3-Nov-00		9-Nov-00		10-Nov-00		14-Nov-00		29-Nov-00

1.	Type of Transaction		Reverse Repo	Reverse Repo	Repo	Repo		Repo		Repo		Repo		Repo		Reverse Repo
2.	Amount put on Auction (Rs mn)		300	400	450	*		600		*		*		*		500
3.	Repurchase Period (day/s)		2	4	2			3		1		3		3		2
4.	Weighted Average Yield on Bids Accepted (% p.a.)		8.96	9.26	8.17			7.78		7.44		8.00		8.15		8.00
5.	Lowest Yield Accepted (% p.a.)		9.75	9.50	7.25			7.40		7.25		7.75		8.15		__
6.	Highest Yield Accepted (% p.a.)					__		__		__		__		__		8.00


*: Amount put on auction not specified.

Table 18: Secondary Market Activity

	Holdings	Amount	Amount	Amount	Amount of	Amount of	Total	Weighted
	of SMC	of Bills	of Bills	of Bills	Government	Government	volume of	average
	as at end	transacted	purchased	sold by	Securities	Securities	secondary	yield on
	of period	outside	by	SMC ¹	transacted	sold by	market	Bills sold
		SMC	SMC		outside SMC	SMC	transactions	by SMC
		(Rs million)						(% p.a.)
November 2000
1-3 November	1,627	0	3	23	0	0	26	11.02
6-10 November	1,674	0	0	38	0	0	38	10.86
13-17 November	1,877	13	0	36	0	0	49	11.62
20-24 November	3,802	0	0	73	0	0	73	11.47
27-30 November	674	0	1	3,323	0	0	3,324	10.08


Jun-99	1,320	90	135	1,824	0	0	2,049	12.61
Sep-99	863	109	570	1,820	0	0	2,499	11.58
Dec-99	2,052	14	522	597	0	0	1,133	12.46
Jan-00	1,485	0	8	674	0	0	682	12.55
Feb-00	1,912	20	135	681	0	0	836	11.39
Mar-00	1,819	50	159	1,328	0	0	1,537	11.04
Apr-00	1,753	6	65	1,153	0	0	1,224	10.91
May-00	1,031	0	117	184	0	0	301	11.19
Jun-00	1,852	61	357	615	0	0	1,015	9.91
Jul-00	2,140	192	1	452	0	0	645	11.00
Aug-00	1,770	71	1	441	0	0	514	9.77
Sep-00	1,626	19	3	245	0	0	267	10.27
Oct-00	1,645	37	111	220	0	0	368	10.71
Nov-00	674	13	4	3,493	0	0	3,510	10.14

SMC: Secondary Market Cell of the Bank of Mauritius.					¹ Includes Bills sold Over The Counter (OTC).

Table 19: Transactions on the Interbank Money Market

Period	Amount Transacted			Daily	Range of	Interbank	Bank
				Average¹	Interbank	W.A.I	Rate³
	Lowest	Highest	Total		Rates	Rate²
	(Rs million)				(Per cent)
November 2000
1-2 November	40	95	135	68	7.25-7.50	7.44	10.55
3-9 November	40	125	493	70	7.00-7.50	7.40	10.81
10-16 November	50	160	645	92	7.50-8.00	7.84	10.70
17-23 November	115	201	931	133	8.00-8.50	8.35	10.59
24-30 November	50	150	655	94	7.50-8.25	8.15	11.05


Jun-99	10	230	2,385	80	9.00 - 10.75	9.96	12.61
Jul-99	15	272	2,881	120	9.00 - 10.50	9.90	12.69
Aug-99	35	520	4,810	172	8.00 - 15.00	11.31	12.74
Sep-99	10	120	1,223	53	9.00 - 10.00	9.56	12.72
Oct-99	15	185	2,067	86	9.00 - 9.50	9.46	12.69
Nov-99	5	130	680	36	9.00 - 9.50	9.47	12.60
Dec-99	85	500	6,285	273	9.00- 12.00	9.67	12.36
Jan-00	10	450	4,070	170	8.00 - 9.50	8.81	12.06
Feb-00	20	271	2,556	91	8.00-10.25	8.63	11.95
Mar-00	10	255	3,163	102	7.00-11.00	9.12	11.71
Apr-00	10	225	1,887	79	6.50 - 8.50	7.20	11.23
May-00	10	440	6,767	218	7.00-10.25	7.87	10.54
Jun-00	20	600	3,421	118	5.00-9.25	7.27	10.04
Jul-00	10	830	6,813	243	6.00-10.00	7.46	10.08
Aug-00	25	460	6,528	211	6.75-7.75	7.03	10.32
Sep-00	30	168	2,859	95	6.75-7.50	7.13	9.96
Oct-00	30	270	3,581	138	6.50-8.00	7.48	10.16
Nov-00	40	201	2,859	95	7.00-8.50	7.98	10.77

¹ For transactions days only.					² Interbank Weighted Average Interest Rate.
³ Simple Average for the month, actual for the week.

Table 20: Maintenance of Cash Ratio by Commercial Banks

Week	Deposit	Average	Required	Excess	Average
Ended	Base¹	Cash	Minimum	Cash	Cash
		Balances	Cash	Holdings	Ratios
		Held for	Balances
		the Week	5.5% of (1)	(2) - (3)	(2) / (1)
	(1)	(2)	(3)
	(Rs million)				(Per cent)

1-Jun-00	82,266	4,574	4,525	49	5.56
8-Jun-00	83,011	4,767	4,566	201	5.74
15-Jun-00	83,177	4,798	4,575	223	5.77
22-Jun-00	83,092	4,885	4,570	315	5.88
29-Jun-00	83,376	5,392	4,586	806	6.47
6-Jul-00	84,375	4,722	4,641	81	5.60
13-Jul-00	84,659	4,760	4,656	104	5.62
20-Jul-00	84,213	4,793	4,632	161	5.69
27-Jul-00	83,793	4,708	4,609	99	5.62
3-Aug-00	84,045	4,916	4,623	293	5.85
10-Aug-00	84,625	4,842	4,654	188	5.72
17-Aug-00	84,474	4,701	4,646	55	5.56
24-Aug-00	83,945	4,775	4,617	158	5.69
31-Aug-00	83,958	4,744	4,618	126	5.65
7-Sep-00	84,189	4,842	4,630	212	5.75
14-Sep-00	85,037	4,794	4,677	117	5.64
21-Sep-00	84,885	4,930	4,669	261	5.81
28-Sep-00	84,986	5,028	4,674	354	5.92
5-Oct-00	85,490	4,805	4,702	103	5.62
12-Oct-00	86,100	4,833	4,736	97	5.61
19-Oct-00	85,591	4,934	4,708	226	5.76
26-Oct-00	85,165	4,865	4,684	181	5.71
2-Nov-00	85,239	4,806	4,688	118	5.64
9-Nov-00	86,090	4,787	4,735	52	5.56
16-Nov-00	86,023	4,852	4,731	121	5.64
23-Nov-00	85,761	4,813	4,717	96	5.61
30-Nov-00	87,791	5,125	4,829	296	5.84

¹ The deposit base is lagged by one week.


Table 21: Cheque Clearances

	Number	Amount	Number	Daily Average
	of	(Rs'000)	of	Number of	Amount
	Cheques		Days	Cheques	(Rs'000)

Jun-99	509,750	16,232,569	22	23,170	737,844
Jul-99	495,177	15,739,859	22	22,508	715,448
Aug-99	480,139	15,581,240	22	21,825	708,238
Sep-99	472,563	15,461,758	21	22,503	736,274
Oct-99	468,248	16,345,344	21	22,298	778,350
Nov-99	500,028	18,358,375	21	23,811	874,208
Dec-99	518,646	23,056,303	22	23,575	1,048,014
Jan-00	430,643	16,531,009	19	22,665	870,053
Feb-00	445,012	17,369,396	21	21,191	827,114
Mar-00	500,745	19,005,807	23	21,772	826,339
Apr-00	448,771	16,051,942	19	23,620	844,839
May-00	492,338	18,238,238	22	22,379	829,011
Jun-00	497,217	21,225,888	22	22,601	964,813
Jul-00	469,428	17,643,100	21	22,354	840,148
Aug-00	490,246	17,173,780	22	22,284	780,626
Sep-00	428,957	15,781,900	19	22,577	830,626
Oct-00	485,482	19,433,796	21	23,118	925,419
Nov-00	499,490	21,719,136	22	22,704	987,233

Table 22: Principal Interest Rates

								(As on the last day of the month)				(Per cent per annum)
	Jun-99	Sep-99	Oct-99	Nov-99	Dec-99	Mar-00	Apr-00	May-00	Jun-00	Jul-00	Aug-00	Sep-00	Oct-00

I. LENDING
Bank of Mauritius
Lombard Rate					14.00	13.00	13.00	13.00	11.50	11.50	11.50	12.00	12.00
Bank Rate	12.66	12.68	12.67	12.51	11.92	11.08	10.98	10.60	10.65	10.52	10.14	10.01	10.55
Commercial Banks
A: Prime Rate	10.00-13.00	10.00-13.00	10.00-13.00	10.00-13.00	10.00-13.00	11.00-13.00	11.00-12.00	11.00-12.00	10.00-12.00	10.00-11.50	10.00-11.50	10.00-11.50	10.50-11.75
B: Sectoral Rates
(i) Mauritius Sugar Syndicate	12.00-13.50	12.00-13.50	12.00-13.50	12.00-13.50	12.00-13.50	11.00-13.50	11.00-12.50	11.00-12.50	9.50-12.50	9.50-13.00	9.50-12.00	9.50-12.00	10.00-11.50
(ii) Sugar Industry	10.00-18.00	10.00-18.00	10.00-18.00	10.00-18.00	10.00-18.00	10.00-18.00	10.00-17.50	10.00-17.50	9.63-17.50	9.63-17.00	9.63-17.50	9.63-17.50	10.13-17.75
(iii) Other Agriculture	11.25-19.50	11.25-19.50	11.25-18.50	11.25-18.50	11.25-18.50	11.25-18.50	11.25-18.50	11.25-18.50	10.00-18.50	10.00-18.25	10.00-18.50	10.00-18.50	10.50-18.75
(iv) EPZ	10.00-20.00	10.00-20.00	10.00-20.00	10.00-20.00	10.00-18.50	10.00-18.50	10.00-18.50	10.00-18.50	10.00-18.50	10.00-19.50	10.00-17.00	10.00-18.00	10.00-18.75
(v) DC	11.75-17.00	11.75-17.00	11.75-17.00	11.75-17.00	11.75-17.00	11.50-17.00	11.50-17.00	11.50-17.00	10.00-17.00	10.00-17.00	10.00-17.00	10.00-17.00	10.50-17.25
(vi) Small-scale Industries	12.50-20.00	10.75-20.50	10.75-20.00	10.75-20.00	10.75-20.00	11.50-20.00	11.50-20.00	11.50-20.00	10.00-20.00	10.00-19.50	10.00-19.50	10.00-19.50	10.50-19.75
(vii) Transport	11.00-19.50	11.00-19.50	11.00-19.50	11.00-19.50	11.00-19.50	11.00-19.50	11.00-19.50	11.00-19.50	11.00-19.50	11.00-19.50	11.00-19.50	11.00-19.50	11.50-19.75
(viii) Hotels	12.50-18.50	12.50-18.50	12.50-18.50	12.50-18.50	12.50-18.50	11.50-18.00	11.50-18.00	11.50-18.00	11.00-18.00	10.00-19.50	10.00-18.00	10.75-18.00	11.25-18.00
(ix) Other Industries and Manufacturers	10.75-20.50	10.75-19.50	10.75-19.50	10.75-19.50	10.75-19.50	10.75-19.50	10.75-19.50	10.75-19.50	10.00-19.50	10.00-19.50	10.00-19.00	10.00-19.00	10.50-19.25
(x) Statutory and Parastatal Bodies	12.50-16.50	12.50-16.50	12.50-16.50	12.50-16.50	12.50-16.50	12.50-16.50	12.50-15.50	12.50-15.50	11.25-15.50	11.00-14.50	11.25-14.50	11.25-14.50	11.50-15.00
(xi) Housing	12.00-20.50	12.00-20.50	12.00-20.50	12.00-20.50	12.00-20.50	11.50-19.50	11.50-20.50	11.50-20.50	10.00-20.50	10.00-20.00	10.00-20.00	10.00-20.00	10.50-20.75
(xii) Traders	10.00-20.50	10.00-21.50	11.00-21.50	11.00-21.50	11.00-21.50	11.00-21.50	11.00-21.50	11.00-21.50	10.00-20.50	10.00-20.00	10.00-20.00	10.00-20.00	10.50-20.25
(xiii) Stock Brokers	11.00-18.50	11.00-18.50	11.00-18.50	11.00-18.50	11.00-18.50	11.00-17.50	11.00-17.50	11.00-17.50	13.75-16.50	11.50-16.00	13.75-16.00	13.75-16.00	14.25-16.50
(xiv) Financial Institutions	12.00-18.50	12.00-18.50	12.00-18.50	12.00-18.50	12.00-18.50	12.00-18.00	12.00-17.50	12.00-17.50	12.00-17.00	10.00-17.00	10.50-16.00	10.50-16.00	11.00-16.50
(xv) Personal and Professional	10.00-24.00	10.00-24.00	10.00-24.00	10.00-24.00	10.00-24.00	10.00-24.00	10.00-24.00	10.00-24.00	10.00-20.50	10.00-20.00	10.00-20.00	10.00-22.00	10.50-22.50
(xvi) Other Customers	10.00-20.50	10.00-20.50	10.00-20.50	10.00-20.50	10.00-20.50	10.00-20.50	10.00-20.50	10.00-20.50	10.00-20.50	10.00-20.00	10.00-20.00	10.00-20.00	10.50-20.25

II. DEPOSITS
1. Savings	9.00	9.00	9.00	9.00	9.00	8.00-9.00	8.00-8.50	8.00-8.50	6.50-8.50	6.50-7.00	6.50-7.00	6.50-7.00	7.00
2. Seven Days' Notice	8.25-10.00	8.25-10.00	8.25-10.00	8.25-10.00	8.25-10.00	7.25-10.00	7.25-9.00	7.25-9.00	5.75-9.25	6.50-8.25	6.50-8.25	6.50-8.25	7.00-8.00
3. Fixed Deposits
(i) Up to 3 months	9.00-11.50	9.00-11.50	9.00-11.50	9.00-11.50	9.00-11.50	8.00-11.25	8.00-10.00	8.00-9.87	6.50-9.87	6.50-8.75	6.50-8.25	6.50-8.25	7.00-8.75
(ii) Exceeding 3 and up to 6 months	9.00-11.25	9.00-12.00	9.00-12.00	9.00-11.50	9.00-11.80	8.13-11.25	8.13-10.00	8.13-11.00	6.50-9.75	6.50-9.50	6.50-8.50	6.50-8.50	7.00-9.00
(iii) Exceeding 6 and up to 12 months	9.00-12.00	9.00-12.00	9.00-12.00	9.00-12.00	9.00-12.00	8.25-12.00	8.25-10.75	8.25-10.75	6.88-10.75	6.75-10.13	6.75-9.50	6.75-9.75	7.25-10.00
(iv) Exceeding 12 and up to 18 months	9.50-12.00	9.50-12.00	9.50-12.00	9.50-12.00	9.50-12.00	8.38-12.00	8.38-10.50	8.38-10.50	7.50-10.00	7.00-9.25	7.00-9.75	7.00-10.00	7.50-10.13
(v) Exceeding 18 and up to 24 months	9.38-11.50	9.38-11.50	9.38-12.00	9.38-12.00	9.38-12.00	8.38-12.00	8.38-10.50	8.38-10.50	7.50-10.50	7.00-10.00	7.00-10.00	7.00-10.00	7.50-10.25
(vi) Exceeding 24 and up to 36 months	9.63-12.00	9.63-12.00	9.63-12.50	9.63-12.50	9.63-12.50	8.38-12.50	8.38-11.00	8.38-11.00	8.00-11.00	7.12-9.50	7.12-11.00	7.12-11.00	7.63-11.00
(vii) Exceeding 36 and up to 48 months	9.63-12.00	9.75-12.00	9.63-12.50	9.63-12.50	9.63-12.50	8.38-12.50	8.38-11.25	8.38-11.25	8.00-11.25	7.25-10.50	7.25-10.50	7.25-11.00	7.75-11.00
(viii) Over 48 months	9.75-11.25	9.75-11.25	9.75-11.25	9.75-11.25	9.75-11.25	9.75-11.75	8.75-10.00	8.75-10.00	8.75-10.00	9.00-9.50	9.00-11.00	9.00-11.00	9.25-10.00

Note: The Lombard Rate was raised from 12.0% to 12.5% on 09-Nov-00. Commercial Banks adjusted their lending and deposit rates accordingly.

Table 23: Other Interest Rates

									(Per cent per annum)
	Weighted	Weighted	Simple	Weighted	Weighted	Interest	Interest	Interest	Weighted	Weighted
	Average	Yield	Average	Average	Average	Rate on	Rate on	Rate on	Average	Average
	Yield	to Buyers	Bank	Interbank	Rates on	Savings	Term	Loans and	Term	Lending
	on Bills	on Bills	Rate	Interest	Bank of	Deposits	Deposits	Advances	Deposits	Rate
	Accepted	Sold		Rates	Mauritius	with Banks	with Banks	by Banks	Rate
	at Primary	by SMC			Advances
	Auctions				to Banks


Dec-97	8.91	8.83	8.92	8.53	n.a.	8.00	8.00 - 14.50	10.50 - 21.00	9.34	13.89
Mar-98	9.03	8.92	9.02	8.38	n.a.	8.00	8.00 - 14.00	11.00 - 21.00	9.17	13.75
Jun-98	9.08	9.07	9.13	8.35	n.a.	8.00	8.00 - 14.00	11.00 - 21.00	9.11	13.71
Sep-98	10.34	9.97	10.12	8.91	n.a.	8.00	8.00 - 14.00	10.50 - 21.00	9.05	13.62
Dec-98	12.58	12.40	12.49	9.82	17.19	9.00	8.12 - 12.00	10.00 - 20.50	9.77	14.02
Jan-99	12.84	12.54	12.76	11.09	17.95	9.00	9.00 - 12.00	10.00 - 22.50	9.74	13.92
Feb-99	12.73	12.43	12.71	10.28	n.a.	9.00	9.00 - 12.00	10.00 - 22.50	9.95	14.25
Mar-99	12.74	12.63	12.66	9.51	n.a.	9.00	9.00 - 12.00	10.00 - 22.50	10.05	14.28
Apr-99	12.71	12.73	12.62	10.07	n.a.	9.00	9.00 - 12.00	10.00 - 22.50	10.08	14.21
May-99	12.67	12.58	12.62	9.85	n.a.	9.00	9.00 - 12.00	10.00 - 24.00	10.18	14.20
Jun-99	12.71	12.61	12.61	9.96	n.a.	9.00	9.00 - 12.00	10.00 - 24.00	10.26	14.21
Jul-99	12.75	12.54	12.69	9.90	14.50	9.00	9.00 - 12.00	10.00 - 24.00	10.23	14.19
Aug-99	12.73	12.31	12.74	11.31	14.89	9.00	9.00 - 12.00	10.00 - 24.00	10.36	14.18
Sep-99	12.72	11.58	12.72	9.56	n.a.	9.00	9.00 - 12.00	10.00 - 24.00	10.36	14.34
Oct-99	12.71	12.52	12.69	9.46	n.a.	9.00	9.00 - 12.50	10.00 - 24.00	10.37	14.39
Nov-99	12.57	12.20	12.60	9.47	n.a.	9.00	9.00 - 12.50	10.00 - 24.00	10.41	14.26
Dec-99	12.26	12.46	12.36	9.67	n.a.	9.00	9.00 - 12.50	10.00 - 24.00	10.39	14.38
Jan-00	12.16	12.55	12.06	8.81	n.a.	9.00	9.00 - 12.50	10.00 - 24.00	10.19	14.21
Feb-00	11.99	11.39	11.95	8.63	n.a.	9.00	9.00 - 12.50	10.00 - 24.00	10.22	14.24
Mar-00	12.01	11.04	11.71	9.12	n.a.	8.00 - 9.00	8.00 - 12.50	10.00 - 24.00	10.21	14.12
Apr-00	11.38	10.91	11.23	7.20	n.a.	8.00 - 8.50	8.00 - 11.25	10.00 - 24.00	9.61	13.51
May-00	10.64	11.19	10.54	7.87	13.00	8.00 - 8.50	8.00 - 11.25	10.00 - 24.00	9.38	13.59
Jun-00	9.97	9.91	10.04	7.27	12.32	6.50 - 8.50	6.50 - 11.25	9.50 - 20.50	9.51	13.26
Jul-00	10.33	11.00	10.08	7.46	11.50	6.50 - 7.00	6.50 - 10.50	9.50 - 20.50	9.16	13.12
Aug-00	10.61	9.77	10.32	7.03	n.a.	6.50 - 7.00	6.50 - 11.00	9.50 - 20.50	9.06	13.06
Sep-00	10.59	10.27	9.96	7.13	11.50	6.50 - 7.00	6.50 - 11.00	9.50 - 22.00	9.02	13.01
Oct-00	10.48	10.71	10.16	7.48	12.00	7.00	7.00 - 11.00	10.00 - 22.50	9.10	13.71

n.a.: Not applicable.

Table 24: Transactions on the Stock Exchange of Mauritius

	Official Market
Period	Number	Average
	of	SEM-7¹	SEMDEX	Value of	Volume of
	Sessions			Transactions	Transactions
				(Rs'000)	('000)

Jun-98	22	107.49	456.42	5,547	244
Sep-98	22	116.09	485.22	10,735	429
Dec-98	22	110.24	460.85	5,190	137
Jan-99	19	109.54	458.93	9,108	270
Feb-99	17	105.74	444.64	4,374	147
Mar-99	20	101.60	426.40	6,467	271
Apr-99	22	98.51	414.11	4,670	118
May-99	21	95.62	400.87	16,060	479
Jun-99	22	99.56	409.82	5,381	251
Jul-99	22	97.47	405.74	7,330	384
Aug-99	22	95.34	395.87	6,440	317
Sep-99	21	98.79	406.37	5,833	307
Oct-99	21	98.33	407.94	3,792	165
Nov-99	21	99.64	409.98	19,395	1,054
Dec-99	22	104.12	428.87	5,940	300
Jan-00	19	105.16	437.13	8,562	312
Feb-00	20	103.82	433.13	8,825	369
Mar-00	23	100.61	421.53	8,207	357
Apr-00	19	96.58	405.80	6,053	224
May-00	22	99.81	413.42	5,801	291
Jun-00	22	98.35	407.77	22,774	4,612
Jul-00	21	98.87	408.69	6,229	474
Aug-00	22	97.17	402.10	5,930	558
Sep-00	19	97.83	403.07	8,433	472
Oct-00	21	99.42	406.62	6,009	411

¹ The SEM-7 started with an index value of 100 on 30 March 1998.
Source: Stock Exchange of Mauritius.

Table 25: Consumer Price Index¹ and Inflation Rate

Month	1993	1994	1995	1996	1997	1998	1999	2000

January	109.0	119.4	126.9	133.7	145.9	105.5	114.6	120.0
February	110.2	119.9	127.4	134.3	145.9	106.0	114.9	120.6
March	110.7	120.8	128.2	134.3	146.2	106.7	115.1	121.0
April	111.1	121.0	128.8	134.9	146.1	107.4	115.6	120.9
May	114.0	122.6	129.0	135.6	146.7	108.0	115.8	121.0
June	114.7	123.2	129.8	139.6	147.9	109.6	117.4	121.0
July	115.4	123.2	130.0	140.4	103.0	109.7	117.8	121.3
August	116.3	123.8	131.4	141.7	103.3	110.0	118.3	121.7
September	117.2	124.2	131.7	141.7	103.6	112.1	118.5	121.9
October	117.3	124.2	132.4	142.3	103.5	112.7	118.5	124.6
November	117.9	124.9	132.9	142.5	103.6	113.1	118.9
December	118.5	125.6	133.1	142.9	103.9	113.4	119.6

Average	114.4	122.7	130.1	138.7	147.8	109.5	117.1

Inflation Rate	+10.5	+7.3	+6.0	+6.6	+6.6	+6.8	+6.9	+4.3²
(Per Cent)
¹From July 1992 to June 1997, the base period was July 1991 - June 1992 = 100. A new base period (July 1996 to June 1997 = 100)
has been introduced as from July 1997.
² Twelve-month running inflation rate for the period ended October 2000.
Source: Central Statistical Office, Government of Mauritius.

Table 26: Net International Reserves

	Bank of	Commercial	Others¹	Net	Import
	Mauritius	Banks Net		International	Coverage
	Foreign	Foreign		Reserves	(No. of
	Assets	Assets			weeks)²
	(Rs million)

Oct-99	16,274	6,188	508	22,970	21.7
Nov-99	17,751	6,181	504	24,436	23.1
Dec-99	18,425	7,120	506	26,051	24.6
Jan-00	18,913	6,596	502	26,011	24.6
Feb-00	18,555	6,628	497	25,680	24.3
Mar-00	18,214	6,537	500	25,251	23.9
Apr-00	17,728	6,226	491	24,445	23.1
May-00	17,222	6,499	495	24,216	22.9
Jun-00	17,455	7,254	505	25,214	23.9
Jul-00	17,067	6,554	498	24,119	22.8
Aug-00	16,926	5,964	499	23,388	22.1
Sep-00	16,895	6,428	499	23,822	22.5
Oct-00	16,987	6,693	504	24,183	22.9

¹ Includes Foreign Assets of the Government and the country's Reserve Position in the IMF.
² Based on the value of the import bill for fiscal year 1999-00, excluding the purchase of aircraft.


Table 27: Transactions on the Interbank Foreign Exchange Market

Weekly	Purchase of	Purchase of	Total Purchases		Opening
Position	US$ against	US$ against	US$	Rupee	Interbank
(Transaction	Rupee	Other Foreign	Equivalent	Equivalent	Min-Max
days only)		Currencies			Ask Rate¹
	(US$ million)	(US$ million)	(US$ million)	(Rs million)	(Rs/US$)

November 2000
Week I	0.00	0.00	0.00	0.00	27.3200 - 27.3525
Week II	0.00	0.00	0.00	0.00	27.3525 - 27.4525
Week III	0.00	0.01	0.01	0.25	27.4650 - 27.5700
Week IV	0.00	1.28	1.28	35.51	27.6000 - 27.8125
Week V	0.00	0.35	0.35	9.67	27.8125 - 27.8875


Nov-99	4.80	0.53	5.33	134.49	25.3025 - 25.3800
Dec-99	5.40	2.37	7.79	198.08	25.3800 - 25.4300
Jan-00	3.60	5.89	9.49	241.46	25.4000 - 25.5375
Feb-00	0.00	1.14	1.19	30.41	25.4875 - 25.6075
Mar-00	1.40	0.19	1.59	40.71	25.5325 - 25.6150
Apr-00	0.60	0.63	1.23	31.46	25.5300 - 25.6500
May-00	0.00	1.95	1.95	50.15	25.6425 - 25.9000
Jun-00	0.00	0.004	0.004	0.11	25.8500 - 26.0625
Jul-00	2.60	0.27	2.87	75.01	26.0650 - 26.1525
Aug-00	0.00	1.35	1.35	35.45	26.1050 - 26.2675
Sep-00	0.00	1.15	1.15	30.19	26.2725 - 26.3375
Oct-00	0.00	0.002	0.002	0.06	26.3400 - 27.3200
Nov-00	0.00	1.640	1.640	45.43	27.3200 - 27.8875

¹ With effect from 23-Oct-00, the Rs/US$ ask rate is based on the average of daily wholesale Rs/US$ ask rates of four major commercial banks.


Table 28: Bank of Mauritius - Intervention and Related Transactions on the
Interbank Foreign Exchange Market

Period	Sale of	Range of	Purchase	Range of	Purchase	Range of
	US dollar	Intervention	of US$ dollar	Intervention	of euro	Intervention
	(US$ Mn)	(Rs/US$ Ask Rate)	(US$ Mn)	(Rs/US$ Bid Rate)	(EUR Mn)	(Rs/EUR Bid Rate)

Dec-99	-	-	4.3	25.41 - 25.44	-	-
Jan-00	-	-	0.2	25.41	-	-
Feb-00	11.7	25.51	-	-	-	-
Mar-00	7.2	25.51-25.52	-	-	-	-
Apr-00	12.0	25.53-25.60	-	-	-	-
May-00	23.0	25.60-25.83	-	-	-	-
Jun-00	15.5	25.90-25.98	-	-	-	-
Jul-00	7.1	26.00-26.03	-	-	-	-
Aug-00	16.9	26.00-26.15	-	-	-	-
Sep-00	14.1	26.18-26.32	-	-	-	-
Oct-00	10.9	26.35-26.83	-	-	-	-
Nov-00	28.0	26.90-27.70	-	-	-	-

Table 29 : Exchange Rate of the Rupee (End of Period)


Indicative	Mar-00	Apr-00	May-00	Jun-00	Jul-00	Aug-00	Sep-00	Oct-00	Nov-00
Selling Rates


Australian dollar	15.700	15.300	15.070	15.750	15.430	15.250	14.510	14.180	14.640
Belgian franc(100)	61.401	58.378	60.270	62.032	60.658	58.807	58.217	57.185	59.643
French franc	3.776	3.590	3.706	3.815	3.712	3.613	3.572	3.517	3.666
Deutsche mark	12.663	12.040	12.430	12.794	12.449	12.115	11.980	11.796	12.293
Hongkong dollar	3.360	3.360	3.390	3.410	3.420	3.440	3.572	3.550	3.620
Indian rupee(100)	60.000	60.000	60.000	60.000	60.000	59.000	59.000	60.000	61.000
Italian lira(1000)	12.792	12.207	12.556	12.923	12.574	12.237	12.101	11.915	12.396
Japanese yen(100)	24.510	24.330	24.610	24.970	24.160	24.960	24.730	25.260	25.280
Kenya shilling(100)	34.910	35.020	34.520	34.310	35.950	34.650	34.100	35.050	35.840
New Zealand dollar	12.820	12.680	12.030	12.340	12.040	11.450	10.840	10.950	11.350
Singapore dollar	15.200	15.350	15.270	15.380	15.410	15.590	15.470	15.790	16.100
South African rand	3.980	3.840	3.780	3.900	3.840	3.860	3.690	3.670	3.640
Swiss franc	15.550	14.970	15.490	16.070	15.730	15.340	15.380	15.190	15.940
US dollar	25.802	25.842	26.098	26.263	26.361	26.490	26.582	27.435	27.981
Pound sterling	41.105	40.605	39.079	39.834	39.625	38.537	38.878	39.794	39.787
Euro¹	24.769	23.549	24.311	25.024	24.348	23.696	23.431	23.069	24.043

¹ Effective 1 January 1999, the euro (EUR) was introduced replacing its precursor, the ECU, on a one-to-one basis.

Note: With effect from October 1998, the end-of-period exchange rate of the rupee is based on the average end-of-period selling
rates for T.T.& D.D. of all commercial banks.

Table 30 : Exchange Rate of the Rupee (Period Average)


Indicative	Mar-00	Apr-00	May-00	Jun-00	Jul-00	Aug-00	Sep-00	Oct-00	Nov-00
Selling Rates


Australian dollar	15.773	15.445	15.079	15.597	15.547	15.416	14.757	14.279	14.510
Belgian franc(100)	61.747	60.581	58.428	61.644	61.398	59.341	57.607	57.234	58.727
French franc	3.796	3.726	3.593	3.789	3.775	3.649	3.530	3.517	3.611
Deutsche mark	12.733	12.495	12.050	12.713	12.660	12.236	11.840	11.317	12.112
Hongkong dollar	3.354	3.353	3.376	3.404	3.417	3.426	3.446	3.491	3.589
Indian rupee(100)	60.000	60.000	60.000	60.000	60.000	59.091	59.000	59.333	60.273
Italian lira(1000)	12.862	12.623	12.163	12.789	12.763	12.360	11.960	11.912	12.228
Japanese yen(100)	24.251	24.529	24.089	24.732	24.466	24.512	24.929	24.914	25.505
Kenya shilling(100)	37.287	35.209	34.702	34.271	34.857	35.054	34.441	34.440	35.581
New Zealand dollar	12.695	12.837	12.258	12.337	12.175	11.825	11.122	10.830	11.092
Singapore dollar	15.229	15.294	15.225	15.359	15.318	15.543	15.471	15.559	16.028
South African rand	4.048	3.940	3.748	3.836	3.874	3.845	3.757	3.659	3.650
Swiss franc	15.517	15.489	15.140	15.934	15.969	15.435	15.140	15.250	15.580
US dollar	25.792	25.803	25.980	26.194	26.320	26.402	26.541	26.937	27.688
Pound sterling	40.730	40.807	39.181	39.507	39.689	39.301	38.096	39.126	39.499
Euro¹	24.903	24.437	23.569	24.866	24.761	23.933	23.158	23.066	23.689

¹ Effective 1 January 1999, the euro (EUR) was introduced replacing its precursor, the ECU, on a one-to-one basis.

Note: With effect from October 1998, the daily average exchange rate of the rupee is based on the average selling rates
for T.T.& D.D. of all commercial banks.

Table 31: Exchange Rate of the Rupee vis-à-vis Major Trading Partner Currencies


Indicative	Average for	Average for	Appreciation/
Selling Rates	12 Months	12 Months	(Depreciation)
	ended Nov-99	ended Nov-00	of Rupee
	[1]	[2]	Between [1] & [2]
			Per Cent

Australian dollar	16.1976	15.4935	4.5
Belgian franc (100)	67.1244	60.6950	10.6
French franc	4.1600	3.7310	11.5
Deutsche mark	13.9516	12.5136	11.5
Hong Kong dollar	3.3010	3.4071	(3.1)
Indian rupee (100)	59.6600	59.8142	(0.3)
Italian lira (1000)	14.0898	12.6322	11.5
Japanese yen (100)	22.1038	24.5840	(10.1)
Kenya shilling (100)	37.1284	35.2803	5.2
New Zealand dollar	13.4526	12.1771	10.5
Singapore dollar	15.1321	15.4464	(2.0)
South African rand	4.2098	3.9113	7.6
Swiss franc	17.0548	15.6305	9.1
US dollar	25.2872	26.2251	(3.6)
Pound sterling	40.9869	40.0310	2.4
Euro¹	27.2999	24.4748	11.5

¹ Effective 1 January 1999, the euro (EUR) was introduced replacing its precursor, the ECU, on a one-to-one basis.
Notes:
(i) [1] is calculated on the basis of the monthly average exchange rates for the period December 1998 to November 1999.
[2] is calculated on the basis of the monthly average exchange rates for the period December 1999 to November 2000.
(ii) With effect from October 1998, the daily average exchange rate of the Rupee is based on the average selling rates
for T.T.& D.D. of all commercial banks.
(iii) The appreciation/depreciation of the Rupee is calculated as follows:
(Previous period exchange rate - Current period exchange rate) ÷ Current period exchange rate.

Table 32: Exchange Rates of Selected Currencies vis-à-vis the Euro (Period Average)

			Appreciation/(Depreciation)
	January 1999	November 2000	of Selected Currencies
	[1]	[2]	between [1] & [2]
			(Per cent)

Hong Kong dollar	8.9689	6.6666	34.5
Indonesian rupiah	9961.02	7969.82	25.0
Korean won	1358.76	987.24	37.6
Mauritian rupee	28.987	23.689	22.4
Philippines peso	44.395	42.535	4.4
Singapore dollar	1.9453	1.4929	30.3
South African rand	6.9690	6.5612	6.2
Taiwan dollar	37.333	27.715	34.7
Thailand baht	42.3655	37.3595	13.4

Note: The daily average exchange rate of the rupee against the euro is based on the average selling rates of all commercial banks
while the daily exchange rates of the other selected currencies against the euro are derived from Reuters.

Table 33 : Exchange Rates of Selected Currencies vis-à-vis the US Dollar

	Nov-00	Nov-00	Nov-00	Oct-00
	Low	High	Average	Average


YEN / USD	111.21/31	107.13/23	108.88/97	108.35/41
USD / EUR	0.8374/81	0.8661/71	0.8548/54	0.8565/70
USD / GBP	1.3997/04	1.4495/05	1.4262/70	1.4535/42

Source : Reuters with reference to Asian Markets, 09 00 hrs, Mauritian time.

Table 34: Inward and Outward Remittances of Foreign Currencies
			(Rs million)
	Inward	Outward	Net Inward /
	Remittances	Remittances	Outward (-)
			Remittances
	(1)	(2)	(1) - (2)

Oct-99	5,411	6,855	-1,444
Nov-99	5,693	6,229	-536
Dec-99	6,205	6,151	54
Jan-00	5,185	5,719	-534
Feb-00	5,248	5,500	-252
Mar-00	5,792	6,841	-1,049
Apr-00	4,957	5,780	-823
May-00	5,500	7,151	-1,651
Jun-00	5,668	6,854	-1,186
Jul-00	5,920	6,319	-399
Aug-00	5,580	7,051	-1,471
Sep-00	5,593	6,723	-1,130
Oct-00	5,982	6,883	-901

Table 35: Foreign Direct Investment in Mauritius by Sector, 1990 - 1999
									(Rs million)
	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999

Export Processing Zone	270	130	203	92	41	245	51	0	27	300
Tourism	152	68	8	152	129	70	35	20	75	27
Banking	0	51	3	0	0	0	55	1122	117	215
Other	187	48	16	27	190	10	517	22	73	701

Total	609	297	230	271	360	325	658	1164	292	1243

Table 36: Direct Investment Abroad by Sector, 1990 - 1999
									(Rs million)
	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999

Tourism	-	165	-	-	-	-	3	-	30	8
Banking	-	-	613	443	-	-	-	-	114	68
Manufacturing	5	5	-	15	9	14	24	13	25	10
Other	3	-	61	129	10	49	21	54	160	76

Total	8	170	674	587	19	63	48	67	329	162

Table 37: Consolidated Assets and Liabilities of Offshore Banks

							(End of Period)			(US dollars million)
		Dec-97	Jun-98	Dec-98	Jun-99	Sep-99	Dec-99	Mar-00	Apr-00	May-00	Jun-00	Jul-00	Aug-00	Sep-00	Oct-00

ASSETS EMPLOYED

Assets
Cash in Hand and Balances with Banks		654.3	727.9	1,249.9	1,623.2	1,655.1	2,127.3	2,195.8	1,816.5	1,902.1	2,327.1	2,574.2	2,462.0	2,383.9	2,311.1
Investments in Bonds and Other Securities		34.8	58.5	56.2	103.8	109.6	92.4	109.3	158.9	162.6	162.7	175.3	172.0	172.5	156.0
Loans and Advances to Non-bank Customers		214.7	226.2	460.4	830.0	803.0	879.1	983.8	1,017.1	1,031.5	1,007.0	991.3	995.5	1,008.5	1,284.2
Bills Purchased and Discounted		3.5	3.3	2.2	3.7	4.4	4.4	6.7	5.5	5.9	6.0	5.6	7.4	7.8	8.0
Other Assets		6.5	6.3	12.0	12.3	17.4	17.9	26.3	24.9	31.0	31.0	30.5	28.9	33.8	25.5

	[A]	913.8	1,022.2	1,780.7	2,573.0	2,589.5	3,121.1	3,321.9	3,022.9	3,133.1	3,533.8	3,776.9	3,665.8	3,606.5	3,784.8
Less :
Liabilities
Deposits of Non-bank Customers		669.4	651.0	882.9	1,090.9	1,131.9	1,334.3	1,452.0	1,284.1	1,358.4	1,504.6	1,729.0	1,604.6	1,546.3	1,598.7
Amounts due to Banks		190.3	158.9	568.8	1,067.6	1,007.3	1,287.7	1,235.0	1,105.1	1,138.7	1,378.5	1,397.7	1,400.1	1,398.7	1,522.3
Other Liabilities		15.6	20.9	42.2	47.1	54.6	72.9	53.2	60.8	73.5	76.0	88.8	100.5	119.2	141.0

	[B]	875.3	830.8	1,493.9	2,205.6	2,193.8	2,694.9	2,740.2	2,450.0	2,570.6	2,959.1	3,215.5	3,105.2	3,064.2	3,262.0

Excess of Assets over Liabilities	[A]-[B]	38.5	191.4	286.8	367.4	395.7	426.2	581.7	572.9	562.5	574.7	561.4	560.6	542.3	522.8

FINANCED BY :

Capital and Reserves		38.5	191.4	286.8	367.4	395.7	426.2	581.7	572.9	562.5	574.7	561.4	560.6	542.3	522.8


Off-Balance Sheet Items		110.4	166.9	155.9	307.0	311.0	282.9	362.3	433.9	450.5	401.3	359.4	349.5	410.1	280.6

Table 38: Electronic Banking Transactions
	Oct-98	Nov-98	Jan-99	Feb-99	Jun-99	Jul-99	Aug-99	Sep-99	Oct-99	Nov-99	Dec-99	Jan-00	Feb-00	Mar-00	Apr-00	May-00	Jun-00	Apr-00	May-00	Sep-00	Oct-00
As at end of Month No of ATMs in operation	190	190	197	197	196	196	199	196	201	202	206	208	208	208	217	217	221	217	217	228	230
During the Month
No of transactions :	1,199,803	1,276,787	1,156,177	1,060,038	1,240,692	1,305,626	1,411,797	1,393,973	1,359,388	1,522,994	1,709,744	1,316,624	1,353,038	1,441,590	1,339,535	1,562,009	1,415,979	1,339,535	1,562,009	1,390,368	1,655,273
Value of transactions : (Rs mn) (Involving the use of credit cards, debit cards, ATMs, Merchant Points of Sale)	1,770	1,976	1,759	1,597	1,805	1,872	2,088	2,025	2,034	2,393	3,082	2,134	2,110	2,187	2,045	2,340	1,998	2,045	2,340	2,042	2,582
As at end of Month No of Cardholders
Credit Cards	98,461	100,179	101,678	102,089	105,284	106,388	107,796	108,822	109,737	111,367	112,120	112,468	113,907	114,154	116,237	117,070	118,198	116,237	117,070	120,657	123,141
Debit Cards and Others	412,499	413,977	419,776	420,067	438,866	444,677	449,292	482,422	459,930	464,109	468,272	472,179	476,674	481,461	486,311	489,838	492,651	486,311	489,838	505,991	509,500
Total	510,960	514,156	521,454	522,156	544,150	551,065	557,088	591,244	569,667	575,476	580,392	584,647	590,581	595,615	602,548	606,908	610,849	602,548	606,908	626,648	632,641
As at end of Month
Outstanding advances on Credit Cards (Rs mn)	Rs 436.9 m	Rs 437.0 m	Rs 430.9 m	Rs 440.4 m	451.9	Rs 461.3 m	Rs 479.8 m	488.6	Rs 488.0 m	Rs 519.4 m	538.9	Rs 505.8 m	Rs 551.8 m	527.9	Rs 546.8 m	Rs 542.8 m	536.3	Rs 546.8 m	Rs 542.8 m	547.1	568.4

LIST OF AUTHORISED BANKS, NON-BANK DEPOSIT-TAKING INSTITUTIONS, MONEY-CHANGERS AND FOREIGN EXCHANGE DEALERS

The following is an official list of domestic and offshore banks licensed to transact banking business or offshore banking, institutions other than banks which are authorised to transact deposit-taking business and authorised money-changers and foreign exchange dealers in Mauritius and Rodrigues as at 30 November 2000.

Domestic Banks

1. Bank of Baroda

2. Banque Nationale de Paris Intercontinentale

3. Barclays Bank PLC

4. Habib Bank Limited

5. Indian Ocean International Bank Limited

6. South East Asian Bank Ltd

7. State Bank of Mauritius Ltd

8. The Delphis Bank Limited

9. The Hongkong and Shanghai Banking Corporation Limited

10. The Mauritius Commercial Bank Ltd

Offshore Banks

1. African Asian Bank Limited

2. Bank of Baroda

3. Banque Internationale des Mascareignes Ltée

4. Banque Nationale de Paris Intercontinentale

5. Barclays Bank PLC

6. Deutsche Bank (Mauritius) Limited

7. Investec Bank (Mauritius) Limited

8. P.T Bank Internasional Indonesia

9. SBI International (Mauritius) Ltd.

10. SBM Nedbank International Limited

11. The Hongkong and Shanghai Banking Corporation Limited

Non-Bank Financial Institutions Authorised to Transact Deposit-taking Business

1. B.N.P.I Leasing Company Ltd

2. Finlease Company Limited

3. General Leasing Co. Ltd

4. Island Leasing Co Ltd

5. Mauritius Leasing Company Ltd

6. MUA Leasing Company Ltd

7. Sicom Financial Services Ltd.

8. SBM Lease Limited

9. The Mauritius Civil Service Mutual Aid Association Ltd.

Money-Changers (Bureaux de Change)

1. Direct-Plus Ltd

2. MPC Holidays Ltd

3. Novleen Enterprise Co. Ltd

4. Shibani Finance Co. Ltd.

5. San Vinson Co. Ltd

Foreign Exchange Dealers

1. British American Mortgage Finance House Co. Ltd

2. Rogers Investment Finance Ltd

3. TC (Mauritius) Operations Co. Ltd

	Buy (Notes)	Sell
USD 1	46.1379	47.2429
JPY 100	29.7051	31.6067
EUR 1	48.2165	49.8623
GBP 1	58.0832	60.0651

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Monthly Statistical Bulletin Nov 2000

New Monetary Policy Measures