monthly statistical bulletin

Net foreign assets of the banking system maintained their upward trend for the second consecutive month, rising by Rs240 million or by 1.1 per cent, from Rs22,222 million at the end of September 1999 to Rs22,462 million at the end of October 1999, on top of an increase of 5.2 per cent between end-August 1999 and end-September 1999. Net foreign assets of Bank of Mauritius increased for the third consecutive month, rising by Rs578 million or by 3.7 per cent, from Rs15,696 million at the end of September 1999 to Rs16,274 million at the end of October 1999. However, net foreign assets of commercial banks registered a drop of Rs338 million or 5.2 per cent, from Rs6,526 million at the end of September 1999 to Rs6,188 million at the end of October 1999. Between end-August 1999 and end-September 1999, they had increased by Rs381 million.

Domestic credit declined by Rs279 million or by 0.3 per cent, from Rs80,113 million at the end of September 1999 to Rs79,834 million at the end of October 1999 as against an increase of 0.8 per cent between end-August 1999 and end-September 1999. The drop in domestic credit reflected a fall in net credit to Government that was partially offset by the rise in credit to the private sector by commercial banks. However, between end-June 1999 and end-October 1999, domestic credit showed an expansion of Rs3,107 million or 4.0 per cent.

Net credit to Government went down by Rs700 million or by 4.0 per cent, from Rs17,393 million at the end of September 1999 to Rs16,693 million at the end of October 1999 as compared to a rise of 2.5 per cent recorded between end-August 1999 and end-September 1999. Net credit to Government from Bank of Mauritius declined for the second consecutive month, falling by Rs1,410 million from Rs4,384 million at the end of September 1999 to Rs2,974 million at the end of October 1999 or by 32.2 per cent, which followed the drop of 10.1 per cent registered between end-August 1999 and end-September 1999. In contrast, net credit to Government from commercial banks rose for the second consecutive month, rising by Rs709 million from Rs13,009 million at the end of September 1999 to Rs13,718 million at the end of October 1999 or by 5.5 per cent, compared to an increase of 7.5 per cent between end-August 1999 and end-September 1999.

Credit to the private sector by commercial banks kept its growth momentum, rising by Rs 428 million, from Rs61,896 million at the end of September 1999 to Rs62,324 million at the end of October 1999 or by 0.7 per cent, higher than the rise of 0.4 per cent recorded between end-August 1999 and end-September 1999. The rise in credit during October 1999 was directed mainly to "Investments in Shares and Debentures" (Rs225 million), "Traders" (Rs189 million) and "Hotels" (Rs175 million). Between end-June 1999 and end-October 1999, credit to the private sector increased by Rs2,218 million or by 3.7 per cent.

Money supply M2 declined by Rs772 million or by 0.9 per cent, from Rs83,160 million at the end of September 1999 to Rs82,388 million at the end of October 1999 as against an increase of 2.2 per cent recorded between end-August 1999 and end-September 1999. Between end-June and end-October 1999, money supply M2 rose by Rs2,184 million or by 2.7 per cent. Quasi-money went down by Rs542 million or by 0.7 per cent, from Rs73,005 million at the end of September 1999 to Rs72,463 million at the end of October 1999, as against the rise of 2.5 per cent registered between end-August 1999 and end-September 1999. Narrow money supply M1 fell by Rs231 million or by 2.3 per cent, from Rs10,155 million at the end of September 1999 to Rs9,924 million at the end of October 1999, compared to a drop of 0.2 per cent recorded between end-August 1999 and end-September 1999.

Reserve money declined by Rs951 million or by 9.7 per cent, from Rs9,827 million at the end of September 1999 to Rs8,876 million at the end of October 1999 as compared to a rise of 2.9 per cent recorded between end-August 1999 and end-September 1999.

On the international foreign exchange market, the US dollar, on an average basis, appreciated against the Euro and Pound sterling but weakened vis-à-vis the Japanese yen during November 1999. The dollar firmed up against the backdrop of strong economic growth and tame inflation in the US. US economic data released during November 1999 indicated that productivity continued to rise and the US economy could safely grow faster than previously thought without stirring inflation. During the month, the Federal Reserve raised both the federal funds rate and the discount rate by 25 basis points to 5.50 per cent and 5.00 per cent, respectively. However, in its accompanying statement, the Fed announced that it has shifted its policy directive from a tightening to a neutral bias. The Euro which started November 1999 at a high of US$1.0524 closed the month trading at a new record low of US$1.0101. The single currency came under downward pressure due to lingering worries about the euro zone’s growth prospects amid market concern that the 50 basis points hike in the ECB’s key refinancing rate, on November 4, had been excessively pre-emptive. Subsequently, the Euro failed to sustain confidence and investors pulled their money out of the euro zone towards US denominated assets. The Euro was further undermined by market perception that the ECB was not concerned by the fall in the single currency and was unlikely to intervene to halt its slide. The Pound sterling lost ground vis-à-vis the dollar during the month despite the decision of the Bank of England to raise its repo rate by 25 basis points to 5.50 per cent at its Monetary Policy Committee meeting on November 4. Dealers who had been expecting this move showed no new interest in the Pound sterling. The Japanese yen, which initially weakened against the dollar on profit-taking by foreign operators, recovered strongly amid renewed market perception that Japan’s economic recovery was firmly on track. Despite foreign exchange intervention by the Bank of Japan to curb the yen’s rise towards the end of the month, the Japanese currency kept its firm tone vis-à-vis the dollar, closing November 1999 at a high of 101.78 yen.

Direct sales of foreign currencies by the Mauritius Sugar Syndicate (MSS) to the banking sector, mainly in Euros, amounted to an equivalent of US$31.2 million during November 1999.

Reflecting international trends and local market conditions, the rupee, on average, depreciated between October 1999 and November 1999 against the Japanese yen and US dollar by 1.5 per cent and 0.3 per cent, respectively but appreciated vis-à-vis the Euro and Pound sterling by 3.3 per cent and 1.9 per cent, respectively. The rupee maintained its downward movement against the yen, trading at an average rate of Rs24.418 per 100 Yen in November 1999 compared with an average rate of Rs24.063 per 100 Yen in October 1999. The rupee continued to move in a tight range against the dollar, trading at an average rate of Rs25.521 in November 1999 as against an average rate of Rs25.446 in October 1999. Reflecting the downward pressure on the Euro on international markets, the rupee firmed up against the Euro to trade at an average rate of Rs26.398 in November 1999 compared with an average rate of Rs27.280 in October 1999. The rupee also gained ground against the Pound sterling, trading at an average rate of Rs41.356 in November 1999 as against an average rate of Rs42.148 in October 1999.

It may be noted that between January 1999 and November 1999, on an average basis, the rupee recorded an appreciation of 9.8 per cent against the Euro. However, viewed against the performance of the currencies of some of our competitors vis-à-vis the single currency, the appreciation of the rupee was relatively moderate, as illustrated in Table 31.

The foreign exchange reserves of the Bank of Mauritius increased by Rs1,477 million, from Rs16,274 million at the end of October 1999 to an all-time high of Rs17,751 million at the end of November 1999.

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 Rs240 million, from Rs22,730 million at the end of September 1999 to Rs22,970 million at the end of October 1999. Based on the value of the import bill for fiscal year 1998-99, excluding the purchase of aircraft, the end-October 1999 level of net international reserves of the country represented 23.2 weeks of imports, up from 22.9 weeks of imports at the end of September 1999.

Table 1: Selected Economic Indicators


	Period	Unit	1991	1992	1993	1994	1995	1996	1997	1998	1999

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	1,159,899	1,174,587⁴
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
3. Real GDP Growth Rate	Calendar Year	(Per cent)	4.4	6.6	5.0	5.2	5.6	6.2	5.6 ³	5.2 ⁴	2.5 ⁵
4. Gross National Product (at market prices)	Calendar Year	(Rs million)	44,405	49,804	56,633	62,600	68,750	76,521	86,054³	96,349 ⁴	104,555 ⁵
5. GNP Per Capita (at market prices)	Calendar Year	(Rupees)	41,495	45,928	51,611	56,264	61,268	67,506	74,968³	83,067 ⁴	89,249 ⁵
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
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
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
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 ⁴	54,276 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	33,088	36,243 ⁴	41,571 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	21,327³
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 ³
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
14. External Debt: Central Government	End-June	(Rs million)	5,964	5,476	5,712	5,766	5,778	9,159	9,619	10,752	10,027 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
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
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
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
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
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
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

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

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)	(3)

1995	18,604.1	13,281.8	33,428.4	111.1	24.8	46,846.1	65,450.2	4,847.2	46.1	4,685.4	9,578.6	19,152.6	24,061.2	1,388.3	44,602.2	54,180.8	11,269.4
1996	19,656.2	14,480.1	35,001.6	130.9	162.6	49,775.2	69,431.4	5,050.8	6.4	4,774.1	9,831.2	22,379.7	24,265.5	1,786.5	48,431.7	58,262.9	11,168.5
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

Mar-96	19,439.4	14,637.0	33,009.5	111.1	41.7	47,799.3	67,238.8	4,122.8	21.3	4,095.8	8,239.9	20,163.4	26,014.9	1,568.7	47,747.0	55,986.9	11,251.9
Jun-96	19,109.6	14,798.4	32,576.1	130.9	71.3	47,576.7	66,686.2	4,161.9	16.3	4,056.9	8,235.0	20,137.4	25,136.8	1,967.0	47,241.2	55,476.2	11,210.0
Sep-96	18,812.4	14,331.7	33,782.8	130.9	107.3	48,352.7	67,165.1	4,172.5	16.3	4,522.4	8,711.3	20,891.6	24,725.0	2,211.6	47,828.2	56,539.5	10,625.6
Dec-96	19,656.2	14,480.1	35,001.6	130.9	162.6	49,775.2	69,431.4	5,050.8	6.4	4,774.1	9,831.2	22,379.7	24,265.5	1,786.5	48,431.7	58,262.9	11,168.5
Mar-97	20,773.6	14,908.8	35,969.4	130.9	192.8	51,201.9	71,975.6	4,358.5	9.7	4,369.0	8,737.3	23,126.3	24,954.1	2,201.4	50,281.8	59,019.1	12,956.5
Jun-97	21,230.8	15,758.6	37,735.9	135.1	259.1	53,888.8	75,119.6	4,306.9	5.3	4,562.2	8,874.3	24,017.0	24,755.3	2,712.5	51,484.8	60,359.1	14,760.5
Sep-97	19,949.2	18,381.1	40,188.4	135.1	266.8	58,971.4	78,920.6	4,484.7	8.3	5,281.9	9,774.9	25,130.2	25,222.8	3,100.9	53,453.8	63,228.7	15,691.9
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

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	Foreign	Total¹		Treasury	Advances	Total	ON	NON-BANK	ADVANCES	ASSETS	ASSETS
Period	Drawing	With	Bills	Securities	Investments			Bills and	and		COMMERCIAL	FINANCIAL
	Rights	Banks			with			Government	Discounts		BANKS	INSTITUTIONS
					TFCMF			Stocks

1995	569.3	5,665.2	2,543.7	55.7	6,291.8	15,129.3		439.0	0.0	439.0	550.0	24.8	127.7	519.5	16,790.3
1996	574.0	8,301.7	801.2	73.8	6,237.0	15,988.1		703.0	0.0	703.0	0.0	162.6	451.0	641.1	17,945.8
1997	666.2	5,725.6	106.1	8,787.0	0.0	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	0.0	13,866.6		1,303.5	3,405.7	4,709.3	475.0	570.0	238.4	430.1	20,289.4

Mar-96	573.7	7,500.7	1,781.1	55.7	6,378.9	16,293.9		541.1	0.0	541.1	375.0	41.7	149.9	516.5	17,918.1
Jun-96	571.9	7,602.5	1,085.8	73.8	6,223.4	15,561.2		617.9	1,096.5	1,714.5	0.0	71.3	278.7	1,486.7	19,112.3
Sep-96	571.7	7,708.0	757.2	73.7	6,204.7	15,319.3		637.9	0.0	637.9	0.0	107.3	176.1	705.1	16,945.7
Dec-96	574.0	8,301.7	801.2	73.8	6,237.0	15,988.1		703.0	0.0	703.0	0.0	162.6	451.0	641.1	17,945.8
Mar-97	604.3	9,606.7	1,175.4	31.5	5,701.5	17,119.7		642.2	0.0	642.2	250.0	192.8	179.3	592.9	18,976.8
Jun-97	641.4	7,435.9	632.4	8,275.5	0.0	17,162.5	²	428.9	326.2	755.1	250.0	259.1	746.4	562.5	19,735.6
Sep-97	651.9	6,325.5	169.4	7,808.6	0.0	15,024.4		490.9	762.9	1,253.8	250.0	266.8	169.4	526.8	17,491.1
Dec-97	666.2	5,725.6	106.1	8,787.0	0.0	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	0.0	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	0.0	14,869.0		906.1	1,458.1	2,364.2	250.0	476.2	634.8	462.0	19,056.1
Jul-98	705.8	3,841.0	186.7	9,339.0	0.0	14,131.1		1,072.9	2,718.9	3,791.8	250.0	520.6	164.6	449.2	19,307.3
Aug-98	704.6	3,960.8	32.4	9,302.8	0.0	14,037.7		966.3	2,499.6	3,465.9	250.0	528.3	120.9	440.9	18,843.7
Sep-98	704.6	4,307.8	32.1	9,039.3	0.0	14,120.6		432.1	2,716.3	3,148.4	250.0	529.6	195.7	448.6	18,693.0
Oct-98	724.6	3,308.8	0.0	8,709.8	0.0	12,779.6		1,011.6	4,193.7	5,205.4	250.0	576.9	120.0	450.3	19,382.2
Nov-98	741.1	3,446.9	0.0	8,433.2	0.0	12,658.1		1,582.1	3,680.2	5,262.3	250.0	574.4	170.3	440.9	19,356.0
Dec-98	771.1	4,546.2	118.6	8,393.6	0.0	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	0.0	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	0.0	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	0.0	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	0.0	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	0.0	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	0.0	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	0.0	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	0.0	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	0.0	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	0.0	16,273.5		1,127.5	1,742.7	2,870.2	250.0	533.6	150.0	460.5	20,537.8

¹ Includes foreign notes and coins.					² Hereafter includes suspense account interest receivable.

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

1995	33.0	4,847.2	1,185.8	3,555.1	0.3	45.8	490.9	10,125.0	446.8	17.1	6,168.4	16,790.3
1996	33.0	5,050.8	1,566.4	2,500.8	0.1	6.3	2,236.3	11,360.6	249.9	25.0	6,277.3	17,945.8
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

Mar-96	33.0	4,122.8	886.2	4,344.4	0.3	21.0	1,372.0	10,746.7	1,010.6	18.1	6,109.8	17,918.1
Jun-96	33.0	4,161.9	832.1	5,573.5	0.3	16.0	1,139.9	11,723.7	54.4	26.6	7,274.6	19,112.3
Sep-96	33.0	4,172.5	1,043.0	3,027.5	0.3	16.0	2,023.1	10,282.5	862.9	19.5	5,747.8	16,945.7
Dec-96	33.0	5,050.8	1,566.4	2,500.8	0.1	6.3	2,236.3	11,360.6	249.9	25.0	6,277.3	17,945.8
Mar-97	33.0	4,358.5	1,289.7	3,198.8	0.1	9.6	2,373.0	11,229.8	499.0	14.3	7,200.8	18,976.8
Jun-97	33.0	4,306.9	1,167.6	4,243.1	0.0	5.3	1,486.2	11,209.1	77.4	21.7	8,394.5	19,735.6
Sep-97	33.0	4,484.7	1,171.6	2,602.8	0.0	8.3	376.3	8,643.8	1.3	78.9	8,734.1	17,491.1
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
Jul-98	33.0	4,787.0	1,330.9	2,762.2	0.0	22.2	0.0	8,902.5	42.8	23.8	10,305.2	19,307.3
Aug-98	33.0	4,836.8	1,425.2	2,609.6	0.1	10.4	0.0	8,882.1	0.6	25.5	9,902.5	18,843.7
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
Oct-98	33.0	5,004.7	1,449.1	3,183.2	0.0	11.4	0.0	9,648.4	17.5	17.4	9,665.9	19,382.2
Nov-98	33.0	4,971.7	1,864.8	2,391.7	0.0	18.4	0.0	9,246.6	8.8	19.1	10,048.6	19,356.0
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

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

Table 5: Bank of Mauritius Assets and Liabilities as at 30 November 1999


	November 1999	October 1999
	Rupees	Rupees
CAPITAL AND RESERVES

Authorised Capital	10,000,000	10,000,000

Issued and Paid up Capital	10,000,000	10,000,000
General Reserve Fund	23,000,000	23,000,000
	33,000,000	33,000,000
Other Reserves	10,336,907,623	10,336,907,623
	10,369,907,623	10,369,907,623
Represented by:

ASSETS

External Assets:
Gold & Foreign Assets	7,067,662,403	5,619,194,229
Special Drawing Rights	560,630,879	561,484,797
Foreign Investments	10,123,186,686	10,092,714,357
Others	0	124,224
	17,751,479,968	16,273,517,607
Discounts & Advances	2,221,572,996	2,798,545,405
Government securities	722,778,398	1,127,540,053
Fixed Assets	171,833,656	177,269,670
Other Assets¹	168,519,382	160,954,453
	21,036,184,400	20,537,827,188
Less:

LIABILITIES

Notes in Circulation	7,009,143,380	6,421,463,550
Coin in Circulation	299,482,157	288,430,127
	7,308,625,537	6,709,893,677
Demand Deposits:
Government	787,087	721,935
Commercial Banks	2,114,499,860	2,153,804,753
Other Financial Institutions	39,313,712	30,347,200
Others	9,306,506	7,887,710
	2,163,907,165	2,192,761,598
Bank of Mauritius Instruments	278,753,400	280,355,400
Provisions & Other Liabilities	914,990,675	984,908,890
	10,666,276,777	10,167,919,565
	10,369,907,623	10,369,907,623


¹ Includes investments under section 12(j) of the Bank of Mauritius Act.

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		Balances	Foreign	Foreign		Treasury	Government	Advances	Total	Local	Bills	Local	Loans	Total	on Other	Assets²	ASSETS	Documentary
Period	in	with	Mauritius	Total	with	Bills	Notes	Total¹	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

1995	1,185.8	3,555.1	490.9	5,231.8	2,216.0	1,213.0	156.7	4,667.7	11,404.8	3,218.9	0.0	14,623.7	669.4	1,190.2	408.7	31,160.2	33,428.4	132.4	5,018.3	63,102.3	10,505.0
1996	1,566.4	2,500.8	2,237.4	6,304.6	2,080.2	1,298.3	192.3	4,736.9	11,209.8	2,911.8	98.0	14,219.6	623.2	1,484.4	394.7	32,499.3	35,001.6	163.1	6,080.0	66,505.8	10,550.7
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

Mar-96	886.2	4,344.4	1,373.6	6,604.1	2,172.6	1,038.2	115.8	4,452.1	13,234.8	2,988.4	89.4	16,312.5	621.2	1,011.4	366.3	31,010.6	33,009.5	179.4	5,030.4	65,588.2	10,257.2
Jun-96	832.1	5,573.5	1,141.6	7,547.2	1,878.2	1,263.3	66.9	4,408.7	10,685.0	2,936.8	0.2	13,622.0	655.2	1,164.0	365.8	30,391.1	32,576.1	138.5	5,324.8	63,617.3	10,665.1
Sep-96	1,043.0	3,027.5	2,024.5	6,095.0	2,075.7	1,087.7	96.5	4,496.3	11,404.2	3,070.4	107.5	14,582.2	608.3	1,389.2	370.0	31,415.3	33,782.8	143.3	5,446.2	64,545.7	11,250.7
Dec-96	1,566.4	2,500.8	2,237.4	6,304.6	2,080.2	1,298.3	192.3	4,736.9	11,209.8	2,911.8	98.0	14,219.6	623.2	1,484.4	394.7	32,499.3	35,001.6	163.1	6,080.0	66,505.8	10,550.7
Mar-97	1,289.7	3,198.7	2,373.7	6,862.2	2,380.0	1,114.0	108.8	4,744.3	11,701.6	3,056.6	96.4	14,854.6	571.3	1,281.1	618.6	33,498.4	35,969.4	158.0	5,248.4	67,836.8	10,444.7
Jun-97	1,167.6	4,243.1	1,486.6	6,897.3	2,350.2	1,070.4	72.6	4,666.5	12,494.7	3,056.6	141.9	15,693.3	633.4	1,193.1	871.7	35,037.7	37,735.9	153.6	5,713.9	70,860.3	11,059.9
Sep-97	1,171.6	2,602.8	376.7	4,151.1	3,298.2	1,087.7	96.3	5,709.8	12,649.3	4,444.8	175.7	17,269.7	630.2	1,280.5	2,886.3	35,391.3	40,188.4	143.0	5,776.9	73,239.0	11,566.7
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
Jul-98	1,330.9	2,762.2	0.0	4,093.2	2,738.7	1,180.0	120.9	5,763.2	10,386.3	3,980.1	169.0	14,535.4	694.4	1,487.0	7,232.8	41,454.6	50,868.8	540.4	6,535.7	82,336.7	12,369.7
Aug-98	1,425.2	2,609.6	0.0	4,034.7	2,704.1	1,071.1	143.5	5,633.6	10,089.1	3,980.1	182.0	14,251.2	663.4	1,521.2	7,308.4	42,363.0	51,856.1	382.8	6,444.0	82,602.4	12,344.2
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
Oct-98	1,449.1	3,235.9	0.0	4,685.1	3,420.8	916.0	98.1	6,293.6	9,032.3	4,043.7	245.0	13,321.0	662.3	1,474.2	8,021.5	44,053.5	54,211.5	411.9	6,564.2	85,487.4	12,939.5
Nov-98	1,864.8	2,391.7	0.0	4,256.4	3,499.7	1,241.5	133.4	6,690.0	8,830.8	4,043.7	237.2	13,111.7	651.1	1,502.5	8,347.9	44,739.5	55,241.0	489.7	6,759.5	86,548.3	13,250.9
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

¹ Includes foreign securities and loans to nonresidents.								² Include interbank loans				³ For a breakdown, see Table 7.						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


1995	5,447.8	4,628.7	24,011.2	19,152.6	47,792.6	1,574.6	1,388.3	130.0	550.0	2.9	1,192.9	242.4	90.9	4,689.8	63,102.3	1,342.3	3,996.2	5,166.6
1996	6,620.4	4,774.1	24,265.5	22,379.7	51,419.3	319.6	1,786.5	65.0	0.0	2.1	1,068.8	210.5	196.3	4,817.3	66,505.8	1,062.8	3,652.3	5,835.6
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

Mar-96	5,532.2	4,006.4	25,964.9	20,163.4	50,134.7	1,478.6	1,568.7	32.7	375.0	0.9	1,306.5	143.1	142.2	4,873.5	65,588.2	1,082.9	3,969.4	5,204.9
Jun-96	5,924.9	4,056.9	25,136.8	20,137.4	49,331.1	616.8	1,967.0	19.7	0.0	4.6	860.3	244.4	96.9	4,551.6	63,617.3	1,054.8	4,045.9	5,564.4
Sep-96	6,386.9	4,363.9	24,725.0	20,891.6	49,980.5	316.3	2,211.6	240.0	0.0	1.3	1,003.2	129.5	169.6	4,106.8	64,545.7	1,044.6	4,403.0	5,803.2
Dec-96	6,620.4	4,774.1	24,265.5	22,379.7	51,419.3	319.6	1,786.5	65.0	0.0	2.1	1,068.8	210.5	196.3	4,817.3	66,505.8	1,062.8	3,652.3	5,835.6
Mar-97	6,733.0	4,369.0	24,954.1	23,126.3	52,449.3	222.9	2,201.4	40.0	250.0	0.9	1,090.3	96.0	93.7	4,659.2	67,836.8	908.2	3,524.4	6,012.1
Jun-97	6,858.9	4,562.2	24,755.3	24,017.0	53,334.4	743.2	2,712.5	294.0	250.0	2.4	598.2	252.5	350.4	5,463.7	70,860.3	1,140.8	3,446.0	6,473.1
Sep-97	7,633.8	5,199.1	25,222.8	25,130.2	55,552.0	354.3	3,100.9	130.0	250.0	1.9	784.9	191.6	368.9	4,870.6	73,239.0	1,214.7	3,833.4	6,518.6
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
Jul-98	9,097.7	4,679.5	26,499.2	28,624.5	59,803.3	577.3	5,159.2	165.0	250.0	7.5	989.1	25.1	145.7	6,116.8	82,336.7	1,055.6	3,664.6	7,649.5
Aug-98	9,139.3	4,677.2	26,348.9	29,156.1	60,182.2	493.7	5,213.3	0.0	250.0	2.9	996.1	100.4	143.5	6,081.1	82,602.4	896.5	3,737.4	7,710.3
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
Oct-98	8,989.1	5,161.3	26,930.3	29,421.3	61,512.8	661.9	5,692.3	15.0	250.0	1.5	1,492.5	20.0	167.5	6,684.7	85,487.4	771.3	4,035.6	8,132.6
Nov-98	8,980.6	5,045.8	27,099.6	29,601.4	61,746.9	662.8	5,789.5	72.0	250.0	1.6	1,647.8	125.8	178.3	7,093.0	86,548.3	768.1	3,873.9	8,608.9
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

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

Table 8: Consolidated Statement of Assets and Liabilities of Commercial Banks
as at end October 1999

	October 1999	September 1999
	Rupees	Rupees
ASSETS EMPLOYED
ASSETS
Cash in Hand & Balances with BOM	4,264,910,351	5,490,151,949
Balances & Placements
Banks in Mtius & Abroad	5,917,686,359	6,364,897,936
Offshore Banks in Mtius	1,329,152,329	1,617,314,917
	7,246,838,688	7,982,212,853
Investment in Govt & BOM Securities	13,833,854,020	13,149,199,555
Foreign Currency Notes & Coin	141,307,184	144,673,649
Loans & Overdrafts to Customers
Private Sector	49,194,825,879	49,049,551,198
Government	231,200,004	140,105,970
	49,426,025,883	49,189,657,168
Other Advances
Local	2,298,244,927	2,241,034,253
Foreign	2,422,684,994	2,223,333,459
	4,720,929,921	4,464,367,712
Other Investments	11,822,808,219	11,597,485,241
Fixed Assets	5,696,642,116	5,667,758,740
Other Assets	2,728,619,329	2,673,559,743
	99,881,935,711	100,359,066,610
less:
LIABILITIES
Deposits
Demand	12,435,769,730	13,365,238,709
Savings	33,926,907,556	34,055,395,877
Time	31,679,530,345	31,667,325,851
	78,042,207,631	79,087,960,437
Borrowings
Bank of Mauritius	250,000,000	250,000,000
Banks in Mtius & Abroad	3,001,874,146	2,915,877,163
Offshore Banks in Mtius	44,903,051	12,106,440
Others	71,424,346	73,852,040
	3,368,201,543	3,251,835,643
Other Liabilities	7,664,942,826	7,222,444,805
	89,075,352,000	89,562,240,885
	10,806,583,711	10,796,825,725
FINANCED BY
CAPITAL & RESERVES
Issued & Paid-Up Capital	3,003,713,384	3,003,713,384
Reserves & Surplus	7,788,084,412	7,778,326,426
	10,791,797,796	10,782,039,810
LOANS	14,785,915	14,785,915
	10,806,583,711	10,796,825,725
MEMORANDUM ITEMS
Documentary Letters of Credit, Acceptances,
Endorsements & other Obligations on
account of Customers	14,212,729,203	14,146,332,233
Inward Bills Held for Collection	1,042,324,590	1,048,702,417
Outward Bills Sent for Collection	1,038,238,309	728,849,881

Table 9: Sector-wise Distribution of Commercial Banks' Credit to the Private Sector: June 1998 - October 1999

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

1. Mauritius Sugar Syndicate	0.8	88.5	675.6	496.3	299.9	74.2	66.3	206.2	95.3	15.7	366.1	482.3	341.9
2. Sugar Industry - Estates	2,613.2	2,441.0	2,191.9	2,319.4	2,475.8	2,417.0	2,407.2	2,696.7	2,965.3	3,231.1	3,041.8	2,833.8	2,777.6
3. Sugar Industry - Others	462.9	393.6	343.5	321.6	351.9	326.8	327.8	367.0	376.5	419.8	392.5	376.6	403.0
4. Other Agricultural Interests	504.2	509.2	465.3	455.0	487.2	480.8	420.8	418.1	401.1	383.5	384.5	401.9	407.4
5. Export Enterprise Certificate Holders	5,859.1	5,983.0	6,315.2	6,194.6	6,273.2	6,069.9	6,045.8	6,144.6	5,958.1	5,808.0	5,895.8	5,859.6	5,706.5
6. Development Certificate Holders	1,121.7	1,122.9	1,207.2	1,203.3	1,261.3	1,086.7	1,057.0	1,031.8	1,058.4	1,100.2	1,171.1	1,150.1	1,165.0
7. Agricultural Development Cert. Holders	40.4	49.3	56.8	54.6	57.6	57.2	55.0	57.1	56.8	54.4	53.8	57.1	62.0
8. Export Service Certificate Holders	103.8	119.4	136.8	144.7	149.6	155.9	160.5	164.2	159.7	168.4	158.9	155.8	153.1
9. Pioneer Status Certificate Holders	149.3	158.1	141.7	156.1	162.6	159.1	140.9	133.8	128.3	132.5	132.0	134.9	132.6
10. Housing Development Cert. Holders	53.9	52.9	51.6	51.7	51.3	47.2	44.2	40.1	36.1	34.5	32.6	29.5	27.9
11. Hotel Management Certificate Holders	367.6	459.4	708.3	635.1	612.6	555.6	540.8	577.8	668.6	706.3	656.5	831.5	942.1
12. Small Scale Industries	246.3	251.8	245.2	240.2	240.0	244.3	248.9	248.0	249.6	244.0	236.3	230.6	237.4
13. Ex-Dc Industries	351.4	461.9	484.2	516.8	523.4	539.3	474.2	491.3	483.9	477.4	502.8	489.0	517.6
14. Other Industries & Manufacturers	4,731.2	4,779.8	4,617.6	4,517.4	4,574.5	4,636.8	4,719.0	4,805.2	4,860.2	4,715.1	4,752.0	4,718.3	4,770.5
15. Industrial Building Ent. Cert. Holders	142.8	161.4	172.8	177.1	207.5	195.8	179.9	172.3	184.9	180.1	179.4	178.2	173.8
16. Strategic Local Enterprise Cert. Holders	7.5	8.7	5.8	6.4	4.3	4.8	5.0	6.2	5.6	5.5	5.4	5.2	4.1
17. Housing (including Rodrigues)	4,970.7	5,542.7	5,849.9	5,846.0	5,865.7	5,965.8	6,057.7	6,157.8	6,282.5	6,347.5	6,350.4	6,416.2	6,422.1
18. Hotels (other than item 11 above)	1,267.8	1,510.4	1,414.9	1,487.9	1,458.5	1,513.8	1,536.0	1,569.1	1,663.8	1,810.1	1,936.8	1,924.1	1,988.1
19. Transport	606.4	625.6	622.7	637.1	620.2	680.2	675.6	675.9	681.6	691.7	684.1	687.8	685.0
20. Statutory and Parastatal Bodies	400.5	449.7	778.1	792.2	752.1	803.4	944.5	928.1	944.9	988.8	1,013.5	1,144.0	1,199.7
21. Building Contractors, etc.	2,337.1	2,357.2	2,473.1	2,368.0	2,499.9	2,520.8	2,590.7	2,617.6	2,576.7	2,636.4	2,832.8	2,812.4	2,844.0
22. Traders	8,489.9	8,919.1	9,517.3	9,785.4	9,675.6	10,093.3	9,874.9	9,987.5	9,814.6	9,891.3	9,802.9	9,809.6	9,998.4
23. Stock Brokers	143.4	137.8	141.5	150.8	158.9	159.4	159.1	157.5	153.1	156.5	155.6	129.8	125.3
24. Personal & Professional	5,755.0	5,999.2	6,268.3	6,220.1	6,330.7	6,346.1	6,434.0	6,553.7	6,672.3	6,812.5	6,791.6	6,823.1	6,916.8
25. Financial Institutions	710.6	815.5	1,172.8	1,220.3	1,156.0	1,242.6	1,268.8	1,235.6	1,162.7	1,214.0	1,195.3	1,117.4	1,069.6
26. Other Customers	1,469.7	1,762.1	1,886.2	1,896.3	1,867.7	1,897.9	2,026.4	2,041.7	2,441.6	2,366.7	2,571.2	2,492.0	2,421.4

Total	42,907.2	45,160.4	47,944.0	47,894.4	48,118.0	48,274.6	48,460.9	49,484.9	50,082.2	50,592.0	51,295.7	51,290.6	51,493.1
Investment in Shares and Debentures	7,033.9	7,562.4	8,708.9	9,053.8	9,182.3	9,557.7	9,417.1	9,765.4	10,024.1	10,435.8	10,379.0	10,605.3	10,830.7
TOTAL CREDIT TO PRIVATE SECTOR	49,941.1	52,722.8	56,652.9	56,948.2	57,300.3	57,832.3	57,878.0	59,250.3	60,106.3	61,027.8	61,674.7	61,895.9	62,323.7

Table 10: Sector-wise Distribution of Commercial Banks' Credit to the Private Sector as at end October 1999

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

1. Mauritius Sugar Syndicate	341,896,722	0	0	0	341,896,722
2. Sugar Industry - Estates	839,437,678	1,938,188,918	9,365	0	2,777,635,961
3. Sugar Industry - Others	268,087,067	108,690,314	26,237,828	0	403,015,209
4. Other Agricultural Interests	208,275,151	196,809,562	2,266,068	0	407,350,780
5. Export Enterprise Certificate Holders	3,165,760,483	2,302,306,318	109,500,746	128,958,469	5,706,526,016
6. Development Certificate Holders	284,305,918	730,363,200	4,696,250	145,619,274	1,164,984,642
7. Agricultural Development Certificate Holders	41,436,758	20,488,458	0	50,688	61,975,904
8. Export Service Certificate Holders	95,476,468	43,120,947	13,856,444	628,757	153,082,616
9. Pioneer Status Certificate Holders	73,813,068	57,612,778	0	1,167,949	132,593,795
10. Housing Development Certificate Holders	7,621,140	20,273,005	0	0	27,894,146
11. Hotel Management Certificate Holders	359,726,195	582,417,787	0	0	942,143,981
12. Small Scale Industries	137,497,468	99,863,289	50,000	0	237,410,756
13. Ex-Dc Industries	395,832,037	97,199,872	213,722	24,381,909	517,627,541
14. Other Industries & Manufacturers	2,220,111,076	2,379,904,141	9,971,242	160,563,385	4,770,549,844
15. Industrial Building Enterprise Cert. Holders	42,931,771	130,827,228	0	0	173,758,999
16. Strategic Local Enterprise Cert. Holders	4,095,279	0	0	0	4,095,279
17. Housing (including Rodrigues)	320,861,460	5,948,002,318	153,252,473	0	6,422,116,251
18. Hotels (other than item 11 above)	772,180,899	1,215,969,097	0	0	1,988,149,996
19. Transport	128,156,871	556,805,803	0	0	684,962,674
20. Statutory and Para-Statal Bodies	765,323,836	434,356,117	0	0	1,199,679,953
21. Building Contractors, etc.	1,204,044,962	1,639,919,134	0	0	2,843,964,096
22. Traders	5,068,281,485	3,654,424,002	141,413,180	1,134,309,524	9,998,428,191
23. Stock Brokers	122,239,529	3,099,060	0	0	125,338,589
24. Personal & Professional	2,245,673,554	4,495,508,526	175,645,042	0	6,916,827,122
25. Financial Institutions	840,678,283	228,888,654	50,000	0	1,069,616,937
26. Other Customers	1,354,909,194	1,001,133,004	15,345,182	50,057,428	2,421,444,808

Total	21,308,654,344	27,886,171,535	652,507,543	1,645,737,384	51,493,070,807
Investment in Shares and Debentures					10,830,658,646
TOTAL CREDIT TO PRIVATE SECTOR					62,323,729,453
¹ Includes Loans and Other Financing in Foreign Currencies.

Table 11: Components and Sources of Reserve Money

					(End of Period)			(Rs million)
	Jun-98	Sep-98	Dec-98	Mar-99	Jun-99	Jul-99	Aug-99	Sep-99	Oct-99

Components of Reserve Money

1. Currency with Public	4,651	4,812	5,833	5,000	4,876	4,896	4,811	4,322	4,599
2. Currency with Banks	1,384	1,456	2,226	1,752	2,000	1,615	1,841	2,349	2,111
3. Demand Deposits with Bank of Mauritius	2,547	2,436	1,702	2,790	3,469	2,419	2,894	3,156	2,166

Reserve Money (1+2+3)	8,582	8,704	9,761	9,542	10,345	8,930	9,546	9,827	8,876

Sources of Reserve Money

1. Net Foreign Assets of BoM	14,869	14,121	13,867	16,038	15,315	14,957	14,986	15,696	16,274
2. Net BoM Credit to Government	2,319	3,118	4,697	3,521	4,443	3,965	4,741	4,250	2,869
3. BoM Credit to Non-Bank Financial Institutions	476	530	570	556	575	562	549	541	534
4. Net Non-Monetary Liabilities	9,082	9,065	9,373	10,573	9,988	10,554	10,730	10,660	10,801

Reserve Money (1+2+3-4)	8,582	8,704	9,761	9,542	10,345	8,930	9,546	9,827	8,876

Broad Money Multiplier @	8.3	8.3	7.7	8.1	7.8	9.0	8.5	8.5	9.3
@ Defined as the ratio of Broad Money to Reserve Money.			Figures


Table 12: Components and Sources of Broad Money (M2)

					(End of Period)		(Rs milli
	Jun-98	Sep-98	Dec-98	Mar-99	Jun-99	Jul-99	Aug-99	Sep-99	Oct-99

Components of Broad Money

1. Currency with Public	4,651	4,812	5,833	5,000	4,876	4,896	4,811	4,322	4,599
2. Demand Deposits with the Banking System	5,501	5,966	5,759	5,530	6,030	5,304	5,361	5,833	5,325
I. Narrow Money, M1 (1+2)	10,152	10,778	11,592	10,530	10,906	10,200	10,172	10,155	9,924

1. Savings Deposits	28,244	29,400	30,477	31,648	31,830	32,080	32,974	34,085	33,955
2. Time Deposits	26,234	26,284	27,406	29,224	30,239	30,624	31,128	31,638	31,651
3. Foreign Currency Deposits	6,248	5,613	5,954	6,366	7,229	7,291	7,088	7,282	6,857
II. Quasi-Money (1+2+3)	60,726	61,297	63,837	67,238	69,298	69,995	71,190	73,005	72,463

Broad Money, M2 (I+II)	70,878	72,075	75,429	77,767	80,204	80,195	81,362	83,160	82,388

Sources of Broad Money

1. Bank of Mauritius	14,869	14,121	13,867	16,038	15,315	14,957	14,986	15,696	16,274
2. Commercial Banks	6,249	5,245	5,778	6,039	6,772	6,621	6,145	6,526	6,188
I. Net Foreign Assets (1+2)	21,118	19,366	19,645	22,077	22,087	21,578	21,130	22,222	22,462

1. Bank of Mauritius	2,453	3,252	4,831	3,655	4,576	4,099	4,875	4,384	2,974
2. Commercial Banks	14,905	14,361	13,152	12,869	11,437	12,240	12,101	13,009	13,718
A. Net Credit to the Central Government (1+2)	17,358	17,613	17,983	16,524	16,013	16,339	16,975	17,393	16,693

1. Bank of Mauritius	476	530	570	556	575	562	549	541	534
2. Commercial Banks' Claims on Private Sector	49,941	52,723	56,653	57,832	60,106	61,028	61,675	61,896	62,324
3. Commercial Banks' Claims on Other Bank-like Institutions	152	152	152	33	33	33	284	284	284
B. Credit to the Private Sector (1+2+3)	50,569	53,404	57,374	58,421	60,714	61,623	62,508	62,721	63,141

II. Domestic Credit (A+B)	67,927	71,017	75,358	74,945	76,727	77,962	79,483	80,113	79,834

III. Net Non-Monetary Liabilities	18,167	18,308	19,574	19,255	18,610	19,345	19,251	19,175	19,908

Broad Money, M2 (I+II-III)	70,878	72,075	75,429	77,767	80,204	80,195	81,362	83,160	82,388

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 [1]	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
Apr-98	21.9	5.2	167.3	1.9	0.0	185.9	886.9	912.9	1,438.3	2,378.3	0.0	5,998.5	6.6	11.7	16.0	54.2	66.4	15.1	6.5	15.5	2.5	3.7	0.3	0.2	198.6	6,197.2
May-98	21.9	5.2	164.9	1.9	0.0	181.5	878.6	890.2	1,442.3	2,352.3	0.0	5,938.7	6.6	11.7	17.1	54.0	66.2	15.1	6.5	15.6	2.5	3.7	0.3	0.2	199.5	6,138.2
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
Jul-98	21.7	5.1	162.9	1.8	0.0	176.0	886.3	900.4	1,402.9	2,356.2	0.0	5,913.3	6.6	11.7	21.8	53.8	66.5	15.2	6.5	15.9	2.5	3.8	0.3	0.2	204.7	6,118.0
Aug-98	21.7	5.1	163.0	1.8	0.0	182.1	888.9	921.5	1,504.2	2,366.2	0.0	6,054.4	6.6	11.9	23.7	54.5	66.5	15.3	6.5	16.0	2.5	3.8	0.3	0.2	207.6	6,262.0
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
Oct-98	21.7	5.1	153.1	1.8	0.0	202.3	874.7	995.2	1,612.9	2,369.3	0.1	6,236.3	6.6	11.8	31.5	55.6	67.0	15.5	6.4	16.2	2.5	3.8	0.3	0.2	217.5	6,453.8
Nov-98	21.7	5.1	141.4	1.8	20.5	201.9	930.0	1,014.5	1,621.5	2,538.6	113.9	6,610.9	6.6	11.8	38.0	56.3	67.4	15.7	6.4	16.5	2.5	3.9	0.3	0.2	225.6	6,836.5
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

Figures may not add up to total due to rounding.

Table 14: Auctions of Treasury Bills
						(Rs million)
		Auctions held on				Total
		4-Nov-99	11-Nov-99	18-Nov-99	25-Nov-99	Oct-99	Nov-99

1.	Amount of Bills Put on Tender	1,400	800	1,200	1,600	4,900	5,000
2.	Value of Bids Received	1,167	777	1,075	1,577	3,681	4,596
3.	Value of Bids Accepted	545	616	957	1,123	3,214	3,241
4.	Value of Bills Maturing	1,319	735	1,091	886	3,038	4,031
5.	Net Issue of Bills (3 - 4)	-774	-119	-134	237	176	-790

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
		4-Nov-99	11-Nov-99	18-Nov-99	25-Nov-99

1.	Weighted Yield on:
	28-day	-	12.10	11.97	11.97
	91-day	12.70	12.70	12.66	12.62
	182-day	12.80	12.78	12.71	12.73
	364-day	13.00	13.00	13.00	12.97
	728-day	13.10	13.10	13.10	-
2.	Overall Weighted Average Yield	12.77	12.67	12.47	12.51
3.	Bank Rate ¹	12.75	12.65	12.42	12.51

¹ Effective on the day following auction day.
Bank Rate is determined on the basis of overall weighted average yield on Bills with maturities of 28, 91,182 and 364 days only.

Table 16: Auctions of Treasury Bills: Maturity-wise

		Apr-99	May-99	Jun-99	Jul-99	Aug-99	Sep-99	Oct-99	Nov-99
		Rs million

1.	Amount put on Tender	5,950	3,300	3,900	4,950	3,700	3,800	4,900	5,000
2.	Total Bids Received	4,140	2,451	1,772	3,462	2,440	3,489	3,681	4,596
	28-day ¹	1,262	979	602	1,131	812	1,462	1,579	1,507
	91-day	1,236	640	516	1,213	850	1,370	1,184	1,645
	182-day	329	316	227	224	438	256	348	564
	364-day	327	266	72	486	284	306	415	554
	728-day	986	250	355	408	56	95	155	326
3.	Total Bills Sold	3,984	2,389	1,683	3,448	2,392	3,088	3,214	3,241
	28-day ¹	1,137	922	564	1,131	787	1,112	1,163	728
	91-day	1,205	640	487	1,207	837	1,319	1,133	1,565
	182-day	329	316	206	217	438	256	348	518
	364-day	327	261	72	486	274	306	415	296
	728-day	986	250	354	407	56	95	155	134

		Per cent per annum
4.	Weighted Average Yield
	28-day ¹	12.32	12.41	12.44	12.56	12.61	12.60	12.54	11.99
	91-day	12.69	12.68	12.67	12.72	12.71	12.72	12.70	12.67
	182-day	12.75	12.77	12.77	12.78	12.76	12.79	12.78	12.73
	364-day	12.98	13.00	12.98	12.99	13.00	13.00	12.99	12.99
	728-day	13.10	13.10	13.10	13.10	13.10	13.10	13.10	13.10
5.	Overall Weighted Yield	12.71	12.67	12.71	12.75	12.73	12.72	12.71	12.57
6.	Bank Rate (Simple Average)	12.62	12.62	12.61	12.69	12.74	12.72	12.69	12.60

Figures may not add up to total due to rounding.
¹ As from November 1999, 30-day Treasury Bill was replaced by 28-day Treasury Bill.

Table 17: 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.)

Nov 1999
02-05 Nov	1,541	110	94	489	0	0	693	12.20
08-12 Nov	1,458	55	32	291	0	0	378	12.40
15-19 Nov	1,245	28	160	622	0	0	810	12.30
22-26 Nov	780	0	2	998	0	0	1,000	12.06
29-30 Nov	722	0	0	68	0	0	68	12.43


Sep-98	428	406	0	542	0	0	948	9.97
Oct-98	1,009	330	53	372	164	0	919	9.91
Nov-98	1,579	128	0	476	0	0	604	11.30
Dec-98	1,301	55	69	914	0	0	1,038	12.40
Jan-99	1,361	111	25	850	0	0	986	12.54
Feb-99	1,562	90	0	487	22	0	599	12.43
Mar-99	1,255	97	169	783	0	0	1,049	12.63
Apr-99	1,208	123	0	716	0	0	839	12.73
May-99	1,349	191	84	782	0	0	1,057	12.58
Jun-99	1,320	90	135	1,824	0	0	2,049	12.61
Jul-99	1,522	50	1	566	0	0	617	12.54
Aug-99	1,573	215	231	1,437	0	0	1,883	12.31
Sep-99	863	109	570	1,820	0	0	2,499	11.58
Oct-99	1,125	40	308	970	0	0	1,318	12.52
Nov-99	722	193	288	2,468	0	0	2,949	12.20

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

Table 18: 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)
Nov 1999
01-04 Nov	30	130	265	88	9.00 - 9.50	9.42	12.67
05-11 Nov	10	65	155	39	9.50	9.50	12.75
12-18 Nov	0	0	0	0	0.00	0.00	12.65
19-25 Nov	20	35	185	26	9.50	9.50	12.42
26-30 Nov	5	20	75	15	9.50	9.50	12.51


Sep-98	8	158	725	30	8.00 - 10.25	8.91	10.12
Oct-98	15	495	4,220	136	8.00 - 18.00	10.37	10.30
Nov-98	7	290	3,362	112	8.00 - 11.00	10.14	11.43
Dec-98	21	450	3,384	117	8.50 - 12.19	9.82	12.49
Jan-99	35	385	3,137	116	8.00 - 18.00	11.09	12.76
Feb-99	35	445	5,137	190	9.00 - 13.00	10.28	12.71
Mar-99	15	235	2,499	104	9.00 - 9.75	9.51	12.66
Apr-99	30	250	2,671	89	9.25 - 11.50	10.07	12.62
May-99	10	235	2,033	70	9.00 - 10.50	9.85	12.62
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

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

Table 19: 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-Jul-99	74,159	4,910	4,079	831	6.62
8-Jul-99	75,289	4,217	4,141	76	5.60
15-Jul-99	74,828	4,228	4,116	112	5.65
22-Jul-99	74,747	4,446	4,111	335	5.95
29-Jul-99	75,191	4,322	4,136	186	5.75
5-Aug-99	75,265	4,170	4,140	30	5.54
12-Aug-99	75,260	4,181	4,139	42	5.56
19-Aug-99	74,903	4,504	4,120	384	6.01
26-Aug-99	75,090	4,575	4,130	445	6.09
2-Sep-99	75,354	4,665	4,145	520	6.19
9-Sep-99	76,238	4,505	4,193	312	5.91
16-Sep-99	76,623	4,752	4,214	538	6.20
23-Sep-99	76,654	4,798	4,216	582	6.26
30-Sep-99	77,571	4,933	4,266	667	6.36
7-Oct-99	78,343	4,763	4,309	454	6.08
14-Oct-99	78,470	4,699	4,316	383	5.99
21-Oct-99	77,670	4,595	4,272	323	5.92
28-Oct-99	77,697	4,559	4,273	286	5.87
4-Nov-99	77,689	4,503	4,273	230	5.80
11-Nov-99	77,924	4,915	4,286	629	6.31
18-Nov-99	77,851	4,875	4,282	593	6.26
25-Nov-99	78,100	4,875	4,295	579	6.24

¹ The deposit base is lagged by one week.


Table 20: Cheque Clearances
	Number	Amount	Number	Daily Average
	of	(Rs'000)	of	Number of	Amount
	Cheques		Days	Cheques	(Rs'000)

Sep-98	505,174	14,501,380	22	22,962	659,154
Oct-98	477,660	14,414,685	21	22,746	686,414
Nov-98	473,758	14,706,667	21	22,560	700,317
Dec-98	561,287	19,148,184	22	25,513	870,372
Jan-99	434,756	12,373,624	19	22,882	651,243
Feb-99	341,678	12,465,665	16	21,355	779,104
Mar-99	515,004	16,069,912	20	25,750	803,496
Apr-99	514,027	15,197,677	22	23,365	690,804
May-99	520,551	14,523,522	21	24,788	691,596
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

Table 21: Principal Interest Rates

										(Per cent per annum)
	Jun-98	Sep-98	Oct-98	Nov-98	Dec-98	Mar-99	Apr-99	May-99	Jun-99	Jul-99	Aug-99	Sep-99	Oct-99

I. LENDING
Bank of Mauritius
Bank Rate ¹	9.03	10.17	10.71	11.93	12.19	12.60	12.56	12.63	12.66	12.82	12.71	12.68	12.67
Commercial Banks
A: Prime Rate	11.00-13.00	10.50-13.00			10.00-13.00	10.00-13.00	10.00-13.00	10.00-13.00	10.00-13.00	10.00-13.00	10.00-13.00	10.00-13.00	10.00-13.00
B: Sectoral Rates
(i) Mauritius Sugar Syndicate	11.00-13.00	10.50-13.00	10.50-13.00	10.50-12.50	10.50-13.50	12.00-13.50	12.00-13.50	12.00-13.50	12.00-13.50	12.00-13.50	12.00-13.50	12.00-13.50	12.00-13.50
(ii) Sugar Industry	11.25-18.00	11.25-17.50	11.25-17.50	10.00-18.50	10.00-19.00	10.00-18.00	10.00-18.00	10.00-18.00	10.00-18.00	10.00-18.00	10.00-18.00	10.00-18.00	10.00-18.00
(iii) Other Agriculture	11.50-19.50	11.50-18.50	11.50-18.25	11.25-18.50	11.25-19.00	11.25-19.50	11.25-19.50	11.25-19.50	11.25-19.50	11.25-19.50	11.25-19.50	11.25-19.50	11.25-18.50
(iv) EPZ	11.50-18.50	11.50-18.50	11.50-18.50	10.50-19.50	10.00-20.00	10.00-22.50	10.00-22.50	10.00-22.50	10.00-20.00	10.00-20.00	10.00-20.00	10.00-20.00	10.00-20.00
(v) DC	11.50-17.50	11.50-17.50	11.50-17.50	11.75-18.50	11.75-19.00	11.75-17.00	11.75-17.00	11.75-17.00	11.75-17.00	11.75-17.00	11.75-17.00	11.75-17.00	11.75-17.00
(vi) Small-scale Industries	11.50-19.50	11.50-19.50	11.50-19.50	12.50-19.50	12.50-20.00	12.50-20.00	12.50-20.00	12.50-20.00	12.50-20.00	12.50-20.00	10.75-20.50	10.75-20.50	10.75-20.00
(vii) Transport	12.25-19.50	12.25-19.50	12.25-19.50	11.00-20.50	11.00-20.50	11.00-20.50	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
(viii) Hotels	12.50-18.00	12.50-18.50	12.50-18.00	13.50-18.50	13.50-19.00	13.50-18.50	13.50-18.50	12.50-18.50	12.50-18.50	12.50-18.50	12.50-18.50	12.50-18.50	12.50-18.50
(ix) Other Industries and Manufacturers	12.50-19.50	12.50-19.50	12.50-19.50	10.75-20.50	10.75-20.00	10.75-20.50	10.75-20.50	10.75-20.50	10.75-20.50	10.75-20.50	10.75-20.50	10.75-19.50	10.75-19.50
(x) Statutory and Parastatal Bodies	13.00-16.50	13.00-16.50	13.00-16.50	12.50-16.50	12.50-16.50	12.50-16.50	12.50-16.50	12.50-16.50	12.50-16.50	12.50-16.50	12.50-16.50	12.50-16.50	12.50-16.50
(xi) Housing	11.50-19.50	11.50-19.50	11.50-19.50	11.50-19.50	12.00-20.50	12.00-20.50	12.00-20.50	12.00-20.50	12.00-20.50	12.00-20.50	12.00-20.50	12.00-20.50	12.00-20.50
(xii) Traders	14.00-21.00	14.00-21.00	14.00-19.50	10.00-19.50	10.00-20.50	10.00-20.50	10.00-20.50	10.00-20.50	10.00-20.50	10.00-20.50	10.00-21.50	10.00-21.50	11.00-21.50
(xiii) Stock Brokers	16.00-17.50	12.00-17.50	12.00-17.50	11.00-18.50	11.00-18.50	11.00-18.50	11.00-18.50	11.00-18.50	11.00-18.50	11.00-18.50	11.00-18.50	11.00-18.50	11.00-18.50
(xiv) Financial Institutions	16.00-17.50	15.50-17.50	15.50-17.50	12.00-18.50	12.00-18.50	12.00-18.50	12.00-18.50	12.00-18.50	12.00-18.50	12.00-18.50	12.00-18.50	12.00-18.50	12.00-18.50
(xv) Personal and Professional	13.50-19.50	13.50-19.50	13.50-19.50	10.00-20.50	10.00-20.50	10.00-20.50	10.00-21.00	10.00-24.00	10.00-24.00	10.00-24.00	10.00-24.00	10.00-24.00	10.00-24.00
(xvi) Other Customers	14.50-19.50	14.50-19.50	14.50-19.50	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	10.00-20.50	10.00-20.50

II. DEPOSITS
1. Savings	8.00	8.00	8.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00
2. Seven Days' Notice	8.00-9.00	8.00-8.50	8.00-9.00	8.00-9.25	8.25-10.00	8.25-12.25	8.25-10.00	8.25-10.00	8.25-10.00	8.25-10.00	8.25-10.00	8.25-10.00	8.25-10.00
3. Fixed Deposits
(i) Up to 3 months	8.00-10.00	8.00-9.00	8.00-9.25	8.00-9.50	9.00-10.50	9.00-10.50	9.00-10.50	9.00-10.50	9.00-11.50	9.00-10.50	9.00-10.50	9.00-11.50	9.00-11.50
(ii) Exceeding 3 and up to 6 months	8.00-10.00	8.00-9.50	8.12-9.62	8.12-9.50	8.12-10.50	9.00-11.00	9.13-10.50	9.00-11.00	9.00-11.25	9.00-11.06	9.00-12.00	9.00-12.00	9.00-12.00
(iii) Exceeding 6 and up to 12 months	8.25-10.00	8.25-10.00	8.25-10.00	8.12-10.00	8.12-11.75	9.25-12.00	9.25-12.00	9.25-12.00	9.00-12.00	9.00-12.00	9.00-12.00	9.00-12.00	9.00-12.00
(iv) Exceeding 12 and up to 18 months	8.37-10.00	8.37-9.25	8.37-10.00	8.37-10.25	8.37-11.75	9.50-11.13	9.50-11.50	9.50-12.00	9.50-12.00	9.50-12.00	9.50-12.00	9.50-12.00	9.50-12.00
(v) Exceeding 18 and up to 24 months	8.50-10.00	8.50-9.50	8.50-9.25	8.50-11.00	8.50-11.50	9.50-11.50	9.50-12.00	9.38-11.50	9.38-11.50	9.38-11.50	9.38-11.50	9.38-11.50	9.38-12.00
(vi) Exceeding 24 and up to 36 months	8.25-11.00	8.25-11.00	8.25-11.00	8.25-11.25	8.62-11.50	9.63-11.75	9.63-12.00	9.63-12.00	9.63-12.00	9.63-12.00	9.63-12.00	9.63-12.00	9.63-12.50
(vii) Exceeding 36 and up to 48 months	9.00-11.00	9.00-12.50	9.00-11.00	9.00-11.50	9.00-12.00	9.75-12.00	9.75-12.00	9.75-12.00	9.63-12.00	9.75-12.00	9.75-12.00	9.75-12.00	9.63-12.50
(viii) Over 48 months	9.00-14.00	9.00-14.00	9.00-14.00	9.00-11.50	9.00-11.25	9.75-11.25	9.75-11.25	9.75-11.25	9.75-11.25	9.75-11.25	9.75-11.25	9.75-11.25	9.75-11.25

¹ As on the last day of the month.

Table 22: 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
Apr-98	9.08	8.97	9.05	9.30	18.98	8.00	8.00 - 14.00	11.00 - 21.00	9.14	13.57
May-98	9.08	8.97	9.08	8.08	n.a.	8.00	8.00 - 14.00	11.00 - 21.00	9.11	13.68
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
Jul-98	9.52	9.14	9.22	9.06	n.a.	8.00	8.00 - 14.00	11.00 - 21.00	9.06	13.61
Aug-98	9.94	9.36	9.63	9.00	30.21	8.00	8.00 - 14.00	10.50 - 21.00	9.08	13.59
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
Oct-98	10.62	9.91	10.30	10.37	39.31	8.00	8.00 - 14.00	10.50 - 19.50	9.05	13.60
Nov-98	11.67	11.30	11.43	10.14	n.a.	9.00	8.00 - 11.50	10.00 - 20.50	9.32	13.74
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

n.a. : Not applicable.

Table 23: 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)

Mar-98	21	100.00	422.11	10,834	572
Jun-98	22	107.49	456.42	5,547	244
Jul-98	23	117.79	491.53	17,567	528
Aug-98	20	125.68	517.78	15,223	644
Sep-98	22	116.09	485.22	10,735	429
Oct-98	21	106.21	447.43	14,043	524
Nov-98	21	109.32	456.35	6,818	214
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

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

Table 24: Consumer Price Index¹ and Inflation Rate


Month	1993	1994	1995	1996	1997	1998	1999

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

Average	114.4	122.7	130.1	138.7	147.8	109.5

Inflation Rate	+10.5	+7.3	+6.0	+6.6	+6.6	+6.8	+7.6²
(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 1999.
Source: Central Statistical Office, Government of Mauritius.

Table 25 : 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)

Nov-98	12,658	5,042	240	17,940	18.1
Dec-98	13,867	5,778	250	19,895	20.1
Jan-99	15,188	6,004	252	21,444	21.6
Feb-99	15,368	5,816	493	21,677	21.9
Mar-99	16,038	6,039	493	22,570	22.8
Apr-99	15,366	6,177	492	22,035	22.2
May-99	15,082	6,332	491	21,905	22.1
Jun-99	15,315	6,772	488	22,575	22.8
Jul-99	14,957	6,621	499	22,077	22.3
Aug-99	14,986	6,145	502	21,633	21.8
Sep-99	15,696	6,526	508	22,730	22.9
Oct-99	16,274	6,188	508	22,970	23.2

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 1998-99.

Table 26 : 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 1999
Week I	4.30	0.11	4.41	111.93	25.3025 - 25.3300
Week II	0.00	0.11	0.11	2.04	25.3250 - 25.3325
Week III	0.00	0.04	0.04	0.97	25.3125 - 25.3300
Week IV	0.50	0.20	0.70	17.79	25.3300 - 25.3600
Week V	0.00	0.07	0.07	1.76	25.3725 - 25.3800

Mar-99	2.20	4.80	6.90	174.90	24.9650 - 25.0350
Apr-99	0.15	3.17	3.32	82.60	25.0225 - 25.0900
May-99	0.58	1.80	2.38	59.66	25.0550 - 25.1725
Jun-99	2.60	0.85	4.08	103.40	25.1450 - 25.2100
Jul-99	0.15	0.10	0.27	6.91	25.2100 - 25.2550
Aug-99	6.38	1.18	7.56	190.75	25.2125 - 25.2575
Sep-99	4.75	1.05	5.98	151.55	25.2200 - 25.2825
Oct-99	2.70	3.96	6.98	176.66	25.2400 - 25.3050
Nov-99	4.80	0.53	5.33	134.49	25.3025 - 25.3800

¹ With effect from 1-Oct-98, the Rs/US$ ask rate is based on the average of daily Rs/US$ ask rates of four major commercial banks.

Table 27 : 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)

Mar-99	-	-	-	-	3.0	27.27
Apr-99	16.2	25.01 - 25.04	-	-	-	-
May-99	15.9	25.03 - 25.07	-	-	-	-
Jun-99	12.9	25.12 - 25.15	-	-	-	-
Jul-99	14.9	25.18 - 25.21	1.0	25.18	-	-
Aug-99	6.7	25.17 - 25.18	4.2	25.16 - 25.26	1.0	26.44
Sep-99	3.0	25.18	3.0	25.24 - 25.27	0.5	26.69
Oct-99	-	-	3.0	25.27 - 25.28	1.0	27.29
Nov-99	-	-	-	-	-	-

Table 28 : Exchange Rate of the Rupee (End of Period)


Indicative	Mar-99	Apr-99	May-99	Jun-99	Jul-99	Aug-99	Sep-99	Oct-99	Nov-99
Selling Rates


Australian dollar	15.950	16.710	16.500	16.830	16.590	16.260	16.660	16.480	16.350
Belgian franc(100)	67.217	66.599	65.772	65.004	67.533	66.190	67.096	66.735	64.059
China yuan	3.090	3.090	3.100	-	-	-	-	-	-
French franc	4.134	4.094	4.045	3.998	4.152	4.070	4.126	4.092	3.940
Deutsche mark	13.864	13.731	13.565	13.403	13.925	13.651	13.837	13.722	13.213
Hongkong dollar	3.300	3.300	3.310	3.310	3.320	3.320	3.310	3.320	3.330
Indian rupee(100)	60.000	60.000	60.000	59.000	60.000	59.000	59.000	59.000	60.000
Italian lira(1000)	13.997	13.872	13.685	13.541	14.065	13.788	13.979	13.861	13.345
Japanese yen(100)	21.100	21.250	20.940	21.100	22.110	23.030	23.890	24.340	25.160
Kenya shilling(100)	39.460	37.800	36.470	35.310	34.700	34.270	33.440	34.350	34.740
New Zealand dollar	13.500	14.160	13.620	13.520	13.480	13.170	13.230	13.090	13.140
Singapore dollar	14.800	15.050	14.870	15.120	15.260	15.300	15.130	15.450	15.390
South African rand	4.140	4.230	4.110	4.270	4.180	4.240	4.290	4.200	4.190
Swiss franc	16.990	16.700	16.660	16.390	17.080	16.680	16.920	16.730	16.120
US dollar	25.291	25.269	25.356	25.389	25.416	25.437	25.431	25.492	25.568
Pound sterling	40.715	40.678	40.585	39.970	40.993	40.456	41.782	41.729	40.982
Euro¹	27.114	26.866	26.534	26.224	27.239	26.697	27.065	26.836	25.841

¹ Effective 1 January 1999, the Euro (EUR) was introduced replacing its precursor, the ECU, on a one-to-one basis.
Notes:
(i) 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.
(ii) With effect from 10 June 1999, there are no dealings for the China yuan.

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


Indicative	Mar-99	Apr-99	May-99	Jun-99	Jul-99	Aug-99	Sep-99	Oct-99	Nov-99
Selling Rates


Australian dollar	15.134	16.248	16.006	16.693	16.786	16.446	16.545	16.636	16.378
Belgian franc(100)	64.659	67.104	63.552	65.343	65.277	66.896	66.260	67.645	65.449
China yuan	2.929	3.089	2.945	-	-	-	-	-	-
French franc	4.183	4.126	4.100	4.018	4.014	4.113	4.074	4.159	4.025
Deutsche mark	14.028	13.838	13.751	13.475	13.462	13.793	13.664	13.948	13.499
Hongkong dollar	3.297	3.300	3.302	3.310	3.320	3.315	3.316	3.318	3.322
Indian rupee(100)	60.050	59.955	60.000	59.818	59.955	59.818	59.000	59.000	59.810
Italian lira(1000)	14.167	13.970	13.888	13.622	13.586	13.933	13.801	14.089	13.635
Japanese yen(100)	21.145	21.160	20.811	21.062	21.306	22.484	23.786	24.063	24.418
Kenya shilling(100)	39.946	39.035	37.261	35.057	35.284	34.614	34.049	34.148	34.598
New Zealand dollar	13.451	13.739	14.020	13.557	13.439	13.421	13.324	13.141	13.130
Singapore dollar	14.771	14.926	14.961	15.017	15.186	15.334	15.186	15.374	15.469
South African rand	4.117	4.187	4.150	4.224	4.223	4.203	4.258	4.231	4.213
Swiss franc	17.208	16.905	16.782	16.531	16.420	16.833	16.627	17.119	16.447
US dollar	25.218	25.259	25.286	25.375	25.434	25.420	25.438	25.446	25.521
Pound sterling	40.814	40.621	40.796	40.471	40.009	40.805	41.247	42.148	41.356
Euro¹	27.439	27.066	26.899	26.360	26.332	26.980	26.725	27.280	26.398

¹ Effective 1 January 1999, the Euro (EUR) was introduced replacing its precursor, the ECU, on a one-to-one basis.
Notes:
(i) 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.
(ii) With effect from 10 June 1999, there are no dealings for the China yuan.

Table 30 : Exchange Rate Movements of the Rupee vis-à-vis Major Trading Partner Currencies


Indicative	Average for	Average for	Appreciation/
Selling Rates	12 Months	12 Months	(Depreciation)
	ended November-98	ended November-99	of Rupee
	[1]	[2]	Between [1] & [2]
			Per Cent

Australian dollar	15.1472	16.1976	(6.5)
Belgian franc (100)	66.4343	67.1244	(1.0)
French franc	4.0352	4.1600	(3.0)
Deutsche mark	13.5256	13.9516	(3.1)
Hong Kong dollar	3.1263	3.3010	(5.3)
Indian rupee (100)	59.0748	59.6600	(1.0)
Italian lira (1000)	13.8867	14.0898	(1.4)
Japanese yen (100)	18.2155	22.1038	(17.6)
Kenya shilling (100)	40.0370	37.1284	7.8
New Zealand dollar	12.9778	13.4526	(3.5)
Singapore dollar	14.5020	15.1321	(4.2)
South African rand	4.4827	4.2098	6.5
Swiss franc	16.4252	17.0548	(3.7)
US dollar	23.9088	25.2872	(5.5)
Pound sterling	39.5814	40.9869	(3.4)
Euro¹	26.8084	27.2999	(1.8)

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 1997 to November 1998.
[2] is calculated on the basis of the monthly average exchange rates for the period December 1998 to November 1999.
(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 31: Exchange Rate Movements of Selected Currencies vis-à-vis the
	Euro (Period Average)

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

Hong Kong dollar	8.9689	8.0355	11.6
Indonesian rupiah	9961.02	7224.39	37.9
Korean won	1358.76	1214.56	11.9
Mauritian rupee	28.9870	26.3980	9.8
Philippines peso	44.395	41.754	6.3
Singapore dollar	1.9453	1.7273	12.6
South African rand	6.9690	6.3402	9.9
Taiwan dollar	37.333	32.763	13.9
Thailand baht	42.3655	40.0744	5.7
Note:
(1): 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 32: Inward and Outward Remittances of Foreign Currencies

			(Rs million)
	Inward	Outward	Net Inward /
	Remittances	Remittances	Outward (-)
			Remittances
	(1)	(2)	(1) - (2)

Oct-98	4,921	6,525	-1,604
Nov-98	4,964	6,563	-1,599
Dec-98	6,828	6,837	-9
Jan-99	5,662	5,130	532
Feb-99	4,739	5,047	-308
Mar-99	5,242	5,790	-548
Apr-99	5,012	5,618	-606
May-99	4,879	5,731	-852
Jun-99	5,953	6,292	-339
Jul-99	5,163	6,310	-1,147
Aug-99	5,137	5,644	-507
Sep-99	5,798	6,459	-661
Oct-99	5,411	6,855	-1,444

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



	Nov-99	Nov-99	Nov-99	Oct-99
	Low	High	Average	Average


YEN / USD	106.30/35	101.78/86	104.79/85	106.06/13
USD / EUR	1.0101/06	1.0524/26	1.0340/47	1.0711/18
USD / GBP	1.6015/20	1.6472/79	1.6219/26	1.6573/82

Source : Reuters

Table 34 : Consolidated Assets and Liabilities of Offshore Banks

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

ASSETS EMPLOYED

Assets
Cash in Hand and Balances with Banks		654.3	727.9	1,045.5	1,249.9	1,654.3	1,540.2	1,639.1	1,623.2	1,533.1	1,651.6	1,655.1	1,747.1
Investments in Bonds and Other Securities		34.8	58.5	56.3	56.2	69.7	69.9	72.2	103.8	105.4	108.9	109.6	109.6
Loans and Advances to Non-bank Customers		214.7	226.2	376.4	460.4	553.2	645.1	694.2	830.0	825.1	846.1	803.0	840.1
Bills Purchased and Discounted		3.5	3.3	2.3	2.2	2.8	3.3	3.6	3.7	4.1	4.2	4.4	3.9
Other Assets		6.5	6.3	8.6	12.0	13.9	9.4	19.0	12.3	14.0	16.4	17.4	14.4

	[A]	913.8	1,022.2	1,489.1	1,780.7	2,293.9	2,267.9	2,428.1	2,573.0	2,481.7	2,627.2	2,589.5	2,715.1
Less :
Liabilities
Deposits of Non-bank Customers		669.4	651.0	822.7	882.9	1,119.8	974.8	1,081.2	1,090.9	1,048.1	1,082.8	1,131.9	1,149.2
Amounts due to Banks		190.3	158.9	396.6	568.8	841.6	947.3	992.4	1,067.6	1,023.6	1,097.0	1,007.3	1,110.2
Other Liabilities		15.6	20.9	35.7	42.2	49.0	40.1	53.2	47.1	48.7	49.7	54.6	61.3

	[B]	875.3	830.8	1,255.0	1,493.9	2,010.4	1,962.2	2,126.8	2,205.6	2,120.4	2,229.5	2,193.8	2,320.7

Excess of Assets over Liabilities	[A]-[B]	38.5	191.4	234.1	286.8	283.5	305.7	301.3	367.4	361.3	397.7	395.7	394.4

FINANCED BY :

Capital and Reserves		38.5	191.4	234.1	286.8	283.5	305.7	301.3	367.4	361.3	397.7	395.7	394.4


Off-Balance Sheet Items		110.4	166.9	135.0	155.9	179.4	199.2	320.4	307.0	332.3	313.2	311.0	321.8

COMMUNIQUÉ

BANKS AND NON-BANK DEPOSIT-TAKING INSTITUTIONS

The Bank of Mauritius once again draws the attention of the public to the provisions of the law relating to transacting of banking business, offshore banking or deposit-taking business, all of which are regulated under the Banking Act 1988 and defined as follows:

"banking business" means -

(i) the business of accepting deposits of money repayable on demand or after fixed periods or after notice, by cheque or otherwise; and

(ii) the employment of such deposits in making or giving loans, advances, overdrafts or similar facilities for the account and at the risk of the person accepting such deposits.

"offshore banking" means banking business or investment banking business conducted in currencies other than the Mauritian rupee except to the extent permitted by the central bank for trading on the foreign exchange market of Mauritius and investment in money market instruments.

"deposit-taking business" means the business of accepting deposits of money and the employment of such deposits to finance the specific business activities of the non-bank financial institution accepting such deposits.

No person in Mauritius is authorised to do any banking business, offshore banking or deposit-taking business without being duly licensed or authorised by the Bank of Mauritius.

The law further provides that every licensee, under the Banking Act 1988, shall at all times display its licence or authorisation in a conspicuous place in the public part of its every place of business.

The public is reminded not to deal with any party alleging to be a bank or deposit-taking institution without first ascertaining whether it holds a banking licence or deposit-taking authorisation as specified above.

A list of domestic and offshore banks licensed to transact banking business or offshore banking and non-bank financial institutions authorised to transact deposit-taking business in Mauritius is displayed on the notice board in the Banking Hall of the Bank of Mauritius and is given on the next page.

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. State Insurance Company of Mauritius Ltd
8. The Mauritius Civil Service Mutual Aid Association Ltd.

BANK OF MAURITIUS

NOTICE

The following companies have been authorised to carry on the business of money-changer and foreign exchange dealer in Mauritius under the Foreign Exchange Dealers Act 1995:

(i) Money-Changers

1. Direct-Plus Ltd
2. MPC Holidays Ltd
3. Novleen Enterprise Co. Ltd
4. Shibani Finance Co. Ltd.

(ii) Foreign Exchange Dealers

1. British American Mortgage Finance House Co. Ltd
2. Rogers Investment Finance Ltd

30 November 1999

Bank of Mauritius

Published on: 30/11/1999

Monthly Statistical Bulletin Oct 1999

BANK OF MAURITIUS WEB SITE
Home Page Address : http://bom.intnet.mu
E-Mail Address : bomrd@bow.intnet.mu

CONTENTS

OVERVIEW

TABLES
1.   Selected Economic Indicators
2.   Monetary Survey
3.   Bank of Mauritius - Assets
4.   Bank of Mauritius - Liabilities
5.   Bank of Mauritius Assets and Liabilities as at 29 October 1999
6.   Commercial Banks - Assets
7.   Commercial Banks - Liabilities
8.   Consolidated Statement of Assets and Liabilities of Commercial Banks as at end September 1999
9.   Sector-wise Distribution of Commercial Banks' Credit to the Private Sector : June 1998 –September 1999
10.   Sector-wise Distribution of Commercial Banks' Credit to the Private Sector as at end September 1999
11.   Components and Sources of Reserve Money
12.   Components and Sources of Broad Money (M2)
13.   Currency in Circulation
14.   Auctions of Treasury Bills
15.   Bank Rate and Weighted Average Yields on Treasury Bills
16.   Auctions of Treasury Bills: Maturity-wise
17.   Secondary Market Activity
18.   Transactions on the Interbank Money Market
19.   Maintenance of Cash Ratio by Commercial Banks
20.   Cheque Clearances
21.   Principal Interest Rates
22.   Other Interest Rates
23.   Transactions on the Stock Exchange of Mauritius
24.   Consumer Price Index and Inflation Rate
25.   Net International Reserves
26.   Transactions on the Interbank Foreign Exchange Market
27.   Bank of Mauritius - Intervention and Related Transactions on the Interbank Foreign Exchange Market
28.   Exchange Rate of the Rupee (End of Period)
29.   Exchange Rate of the Rupee (Period Average)
30.   Exchange Rate Movements of the Rupee vis-à-vis Major Trading Partner Currencies
31.   Inward and Outward Remittances of Foreign Currencies
32.   Exchange Rates of Selected Currencies vis-à-vis the US Dollar
33.   Consolidated Assets and Liabilities of Offshore Banks

Communiqué
1.   Banks and Non-Bank Deposit-Taking Institutions
2.   Money-Changers and Foreign Exchange Dealers

Published on: 31/10/1999

Monthly Statistical Bulletin Sep 1999

BANK OF MAURITIUS WEB SITE
Home Page Address : http://bom.intnet.mu
E-Mail Address : bomrd@bow.intnet.mu

CONTENTS

OVERVIEW

TABLES
1. Selected Economic Indicators
2.   Monetary Survey
3.   Bank of Mauritius - Assets
4.   Bank of Mauritius - Liabilities
5.   Bank of Mauritius Assets and Liabilities as at 30 September 1999
6.   Commercial Banks - Assets
7.   Commercial Banks - Liabilities
8.   Consolidated Statement of Assets and Liabilities of Commercial Banks as at end August 1999
9.   Sector-wise Distribution of Commercial Banks' Credit to the Private Sector
10.   Sector-wise Distribution of Commercial Banks' Credit to the Private Sector as at end August 1999
11.   Components and Sources of Reserve Money
12.   Components and Sources of Broad Money (M2)
13.   Currency in Circulation
14.   Auctions of Treasury Bills
15.   Bank Rate and Weighted Average Yields on Treasury Bills
16.   Auctions of Treasury Bills: Maturity-wise
17.   Secondary Market Activity
18.   Transactions on the Interbank Money Market
19.   Maintenance of Cash Ratio by Commercial Banks
20.   Cheque Clearances
21.   Principal Interest Rates
22.   Other Interest Rates
23.   Transactions on the Stock Exchange of Mauritius
24.   Consumer Price Index and Inflation Rate
25.   Net International Reserves
26.   Transactions on the Interbank Foreign Exchange Market
27.   Bank of Mauritius - Intervention and Related Transactions on the Interbank Foreign Exchange Market
28.   Exchange Rate of the Rupee (End of Period)
29.   Exchange Rate of the Rupee (Period Average)
30.   Exchange Rate Movements of the Rupee vis-à-vis Major Trading Partner Currencies
31.   Inward and Outward Remittances of Foreign Currencies
32.   Exchange Rates of Selected Currencies vis-à-vis the US Dollar
33.   Consolidated Assets and Liabilities of Offshore Banks

Communiqué
1.   Banks and Non-Bank Deposit-Taking Institutions
2.   Money-Changers and Foreign Exchange Dealers

Published on: 30/09/1999

Monthly Statistical Bulletin Aug 1999

BANK OF MAURITIUS WEB SITE
Home Page Address : http://bom.intnet.mu
E-Mail Address : bomrd@bow.intnet.mu
CONTENTS

OVERVIEW

Year 2000 Preparations in the Banking Sector of Mauritius

TABLES
1. Selected Economic Indicators
2.   Monetary Survey
3.   Bank of Mauritius - Assets
4.   Bank of Mauritius - Liabilities
5.   Bank of Mauritius Assets and Liabilities as at 31 August 1999
6.   Commercial Banks - Assets
7.   Commercial Banks - Liabilities
8.   Consolidated Statement of Assets and Liabilities of Commercial Banks as at end July 1999
9.   Sector-wise Distribution of Commercial Banks' Credit to the Private Sector
10.   Sector-wise Distribution of Commercial Banks' Credit to the Private Sector as at end July 1999
11.   Components and Sources of Reserve Money
12.   Components and Sources of Broad Money (M2)
13.   Currency in Circulation
14.   Auctions of Treasury Bills
15.   Bank Rate and Weighted Average Yields on Treasury Bills
16.   Auctions of Treasury Bills: Maturity-wise
17.   Secondary Market Activity
18.   Transactions on the Interbank Money Market
19.   Maintenance of Cash Ratio by Commercial Banks
20.   Cheque Clearances
21.   Principal Interest Rates
22.   Other Interest Rates
23.   Transactions on the Stock Exchange of Mauritius
24.   Consumer Price Index and Inflation Rate
25.   Net International Reserves
26.   Transactions on the Interbank Foreign Exchange Market
27.   Bank of Mauritius - Intervention and Related Transactions on the Interbank Foreign Exchange Market
28.   Exchange Rate of the Rupee (End of Period)
29.   Exchange Rate of the Rupee (Period Average)
30.   Exchange Rate Movements of the Rupee vis-à-vis Major Trading Partner Currencies
31.   Inward and Outward Remittances of Foreign Currencies
32.   Exchange Rates of Selected Currencies vis-à-vis the US Dollar
33.   Consolidated Assets and Liabilities of Offshore Banks

Communiqué
1.   Banks and Non-Bank Deposit-Taking Institutions
2.   Money-Changers and Foreign Exchange Dealers
3.   Issue of Banknotes of Rs1000

Published on: 31/08/1999

Monthly Statistical Bulletin Jul 1999

CONTENTS

BANK OF MAURITIUS WEB SITE
Home Page Address : http://bom.intnet.mu
E-Mail Address : bomrd@bow.intnet.mu

OVERVIEW

TABLES

1. Selected Economic Indicators
2.   Monetary Survey
3.   Bank of Mauritius - Assets
4.   Bank of Mauritius - Liabilities
5.   Bank of Mauritius Assets and Liabilities as at 30 July 1999
6.   Commercial Banks - Assets
7.   Commercial Banks - Liabilities
8.   Consolidated Statement of Assets and Liabilities of Commercial Banks as at end June 1999
9.   Sector-wise Distribution of Commercial Banks' Credit to the Private Sector
10.   Sector-wise Distribution of Commercial Banks' Credit to the Private Sector as at end June 1999
11.   Components and Sources of Reserve Money
12.   Components and Sources of Broad Money (M2)
13.   Currency in Circulation
14.   Auctions of Treasury Bills
15.   Bank Rate and Weighted Average Yields on Treasury Bills
16.   Auctions of Treasury Bills: Maturity-wise
17.   Secondary Market Activity
18.   Transactions on the Interbank Money Market
19.   Maintenance of Cash Ratio by Commercial Banks
20.   Cheque Clearances
21.   Principal Interest Rates
22.   Other Interest Rates
23.   Transactions on the Stock Exchange of Mauritius
24.   Consumer Price Index and Inflation Rate
25.   Net International Reserves
26.   Transactions on the Interbank Foreign Exchange Market
27.   Bank of Mauritius - Intervention and Related Transactions on the Interbank Foreign Exchange Market
28.   Exchange Rate of the Rupee (End of Period)
29.   Exchange Rate of the Rupee (Period Average)
30.   Exchange Rate Movements of the Rupee vis-à-vis Major Trading Partner Currencies
31.   Inward and Outward Remittances of Foreign Currencies
32.   Exchange Rates of Selected Currencies vis-à-vis the US Dollar
33.   Consolidated Assets and Liabilities of Offshore Banks

Communiqué
1. Banks and Non-Bank Deposit-Taking Institutions
2. Money-Changers and Foreign Exchange Dealers

Published on: 31/07/1999

Monthly Statistical Bulletin Jun 1999

BANK OF MAURITIUS WEB SITE
Home Page Address : http://bom.intnet.mu
E-Mail Address : bomrd@bow.intnet.mu

CONTENTS

OVERVIEW

TABLES
1. Selected Economic Indicators
2.   Monetary Survey
3.   Bank of Mauritius - Assets
4.   Bank of Mauritius - Liabilities
5.   Bank of Mauritius Assets and Liabilities as at 30 June 1999
6.   Commercial Banks - Assets
7.   Commercial Banks - Liabilities
8.   Consolidated Statement of Assets and Liabilities of Commercial Banks as at end May 1999
9.   Sector-wise Distribution of Commercial Banks' Credit to the Private Sector
10.   Sector-wise Distribution of Commercial Banks' Credit to the Private Sector as at end May 1999
11.   Components and Sources of Reserve Money
12.   Components and Sources of Broad Money (M2)
13.   Currency in Circulation
14.   Auctions of Treasury Bills
15.   Bank Rate and Weighted Average Yields on Treasury Bills
16.   Auctions of Treasury Bills: Maturity-wise
17.   Secondary Market Activity
18.   Transactions on the Interbank Money Market
19.   Maintenance of Cash Ratio by Commercial Banks
20.   Cheque Clearances
21.   Principal Interest Rates
22.   Other Interest Rates
23.   Transactions on the Stock Exchange of Mauritius
24.   Consumer Price Index and Inflation Rate
25.   Net International Reserves
26.   Transactions on the Interbank Foreign Exchange Market
27.   Bank of Mauritius - Intervention and Related Transactions on the Interbank Foreign Exchange Market
28.   Exchange Rate of the Rupee (End of Period)
29.   Exchange Rate of the Rupee (Period Average)
30.   Exchange Rate Movements of the Rupee vis-à-vis Major Trading Partner Currencies
31.   Inward and Outward Remittances of Foreign Currencies
32.   Exchange Rates of Selected Currencies vis-à-vis the US Dollar
33.   Consolidated Assets and Liabilities of Offshore Banks

Communiqué

1.   Banks and Non-Bank Deposit-Taking Institutions
2.   Money-Changers and Foreign Exchange Dealers
3.   New Family of Banknotes

Published on: 30/06/1999

Monthly Statistical Bulletin May 1999

CONTENTS

BANK OF MAURITIUS WEB SITE
Home Page Address : http://bom.intnet.mu
E-Mail Address : bomrd@bow.intnet.mu

OVERVIEW

TABLES

1. Selected Economic Indicators
2.   Monetary Survey
3.   Bank of Mauritius - Assets
4.   Bank of Mauritius - Liabilities
5.   Bank of Mauritius Assets and Liabilities as at 31 May 1999
6.   Commercial Banks - Assets
7.   Commercial Banks - Liabilities
8.   Consolidated Statement of Assets and Liabilities of Commercial Banks as at end April 1999
9.   Sector-wise Distribution of Commercial Banks' Credit to the Private Sector
10.   Sector-wise Distribution of Commercial Banks' Credit to the Private Sector as at end April 1999
11.   Components and Sources of Reserve Money
12.   Components and Sources of Broad Money (M2)
13.   Currency in Circulation
14.   Auctions of Treasury Bills
15.   Bank Rate and Weighted Average Yields on Treasury Bills
16.   Auctions of Treasury Bills: Maturity-wise
17.   Secondary Market Activity
18.   Transactions on the Interbank Money Market
19.   Maintenance of Cash Ratio by Commercial Banks
20.   Cheque Clearances
21.   Principal Interest Rates
22.   Other Interest Rates
23.   Transactions on the Stock Exchange of Mauritius
24.   Consumer Price Index and Inflation Rate
25.   Net International Reserves
26.   Transactions on the Interbank Foreign Exchange Market
27.   Bank of Mauritius - Intervention and Related Transactions on the Interbank Foreign Exchange Market
28.   Exchange Rate of the Rupee (End of Period)
29.   Exchange Rate of the Rupee (Period Average)
30.   Exchange Rate Movements of the Rupee vis-à-vis Major Trading Partner Currencies
31.   Inward and Outward Remittances of Foreign Currencies
32.   Exchange Rates of Selected Currencies vis-à-vis the US Dollar
33.   Consolidated Assets and Liabilities of Offshore Banks

Communiqué

1. Banks and Non-Bank Deposit-Taking Institutions
2. Money-Changers and Foreign Exchange Dealers

Published on: 31/05/1999

Key Rate

4.50 %

04 February 2025

Overnight Interbank Rate

29 April 2025

RUPEE EXCHANGE RATE

Consolidated Indicative Rates

Rupee Exchange Rates

Consolidated Indicative

30 April 2025

	Buy (Notes)	Sell
USD 1	44.5496	45.6486
EUR 1	50.4319	52.1492
GBP 1	59.4126	61.4115
JPY 100	31.1280	33.1267

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