Table 11 : Components and Sources of Reserve Money |
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(End of Period) |
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(Rs Million) |
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Jun-97 |
Dec-97 |
Jun-98 |
Sep-98 |
Dec-98 |
Jan-99 |
Feb-99 |
Mar-99 |
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Components of Reserve Money |
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1. Currency with Public |
4,307 |
5,411 |
4,651 |
4,812 |
5,833 |
5,147 |
5,027 |
5,000 |
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2. Currency with Banks |
1,168 |
1,885 |
1,384 |
1,456 |
2,226 |
1,785 |
1,702 |
1,752 |
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3. Demand Deposits with Bank of Mauritius |
4,248 |
1,630 |
2,547 |
2,436 |
1,702 |
2,846 |
2,849 |
2,790 |
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Reserve Money (1+2+3) |
9,723 |
8,926 |
8,582 |
8,704 |
9,761 |
9,778 |
9,578 |
9,542 |
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Sources of Reserve Money |
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1. Net Foreign Assets of BoM |
17,163 |
15,341 |
14,869 |
14,121 |
13,867 |
15,188 |
15,368 |
16,038 |
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2. Net BoM Credit to Government |
678 |
1,415 |
2,319 |
3,118 |
4,697 |
3,923 |
3,845 |
3,521 |
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3. BoM Credit to Non-Bank Financial Institutions |
259 |
379 |
476 |
530 |
570 |
559 |
554 |
556 |
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4. Net Non-Monetary Liabilities |
8,377 |
8,209 |
9,082 |
9,065 |
9,373 |
9,892 |
10,189 |
10,574 |
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Reserve Money (1+2+3-4) |
9,723 |
8,926 |
8,582 |
8,704 |
9,761 |
9,778 |
9,578 |
9,542 |
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Broad Money Multiplier @ |
6.2 |
7.6 |
8.3 |
8.3 |
7.7 |
7.8 |
8.1 |
8.1 |
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@ Defined as the ratio of Broad Money to Reserve Money. |
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Figures may not agree with Table 12. |
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