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

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

(End of Period)

(Rs Million)

Jun-97

Dec-97

Jun-98

Sep-98

Dec-98

Jan-99

Feb-99

Mar-99

Components of Broad Money

1. Currency with Public

4,307

5,411

4,651

4,812

5,833

5,147

5,027

5,000

2. Demand Deposits with the Banking System

4,567

5,202

5,501

5,966

5,759

5,596

5,521

5,530

I. Narrow Money, M1 (1+2)

8,874

10,613

10,152

10,778

11,592

10,743

10,548

10,530

1. Savings Deposits

24,017

26,799

28,244

29,400

30,477

31,150

31,852

31,648

2. Time Deposits

24,755

25,514

26,234

26,284

27,406

27,654

28,859

29,224

3. Foreign Currency Deposits

2,713

4,903

6,248

5,613

5,954

6,271

5,879

6,366

II. Quasi-Money (1+2+3)

51,485

57,217

60,726

61,297

63,837

65,075

66,590

67,238

Broad Money, M2 (I+II)

60,359

67,830

70,878

72,075

75,429

75,818

77,138

77,767

Sources of Broad Money

1. Bank of Mauritius

17,163

15,341

14,869

14,121

13,867

15,188

15,368

16,038

2. Commercial Banks

4,068

6,434

6,249

5,245

5,778

6,004

5,816

6,039

I. Net Foreign Assets (1+2)

21,231

21,775

21,118

19,366

19,645

21,192

21,184

22,077

1. Bank of Mauritius

812

1,549

2,453

3,252

4,831

4,057

3,979

3,655

2. Commercial Banks

14,947

16,724

14,905

14,361

13,152

12,642

12,537

12,869

A. Net Credit to the Central Government (1+2)

15,759

18,273

17,358

17,613

17,983

16,699

16,516

16,524

1. Bank of Mauritius

259

379

476

530

570

559

554

556

2. Commercial Banks' Claims on Private Sector

37,208

43,360

49,234

51,912

55,821

56,125

56,481

57,020

3. Commercial Banks' Claims on Other Bank-like Institutions

135

135

152

152

152

154

154

33

B. Credit to the Private Sector

37,602

43,874

49,861

52,593

56,542

56,838

57,188

57,609

II. Domestic Credit (A+B)

53,361

62,147

67,220

70,206

74,525

73,537

73,704

74,133

III. Net Non-Monetary Liabilities

14,233

16,092

17,460

17,497

18,741

18,911

17,750

18,443

Broad Money, M2 (I+II-III)

60,359

67,830

70,878

72,075

75,429

75,818

77,138

77,767

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