Table 11: Components and Sources of Reserve Money
(End of Period) (Rs million)
  Jun-98 Sep-98 Dec-98 Mar-99 Jun-99 Sep-99 Oct-99 Nov-99 Dec-99 Jan-00 Feb-00 Mar-00
                       
Components of Reserve Money                      
                       
1. Currency with Public 4,651 4,812 5,833 5,000 4,876 4,322 4,599 4,727 6,127 5,255 5,137 5,132
2. Currency with Banks 1,384 1,456 2,226 1,752 2,000 2,349 2,111 2,582 3,010 1,818 1,738 1,631
3. Demand Deposits with Bank of Mauritius 2,547 2,436 1,702 2,790 3,469 3,156 2,166 2,137 1,388 3,627 2,781 3,437
                       
Reserve Money (1+2+3) 8,582 8,704 9,761 9,542 10,345 9,827 8,876 9,445 10,525 10,700 9,655 10,201
                       
Sources of Reserve Money                      
                       
1. Net Foreign Assets of BoM 14,869 14,121 13,867 16,038 15,315 15,696 16,274 17,751 18,425 18,913 18,555 18,214
2. Net BoM Credit to Government 2,319 3,118 4,697 3,521 4,443 4,250 2,869 1,922 2,187 1,893 1,691 2,190
3. BoM Credit to Non-Bank Financial Institutions 476 530 570 556 575 541 534 519 506 493 488 475
4. Net Non-Monetary Liabilities 9,082 9,065 9,373 10,573 9,988 10,660 10,801 10,747 10,593 10,600 11,079 10,678
                       
Reserve Money (1+2+3-4) 8,582 8,704 9,761 9,542 10,345 9,827 8,876 9,445 10,525 10,700 9,655 10,201
                         
Broad Money Multiplier @ 8.3 8.3 7.7 8.1 7.8 8.5 9.3 8.9 8.3 8.2 9.0 8.6
 @ Defined as the ratio of Broad Money to Reserve Money.  Figures may not agree with Table 12.  
Table 12: Components and Sources of Broad Money (M2)
(End of Period) (Rs million)
  Jun-98 Sep-98 Dec-98 Mar-99 Jun-99 Sep-99 Oct-99 Nov-99 Dec-99 Jan-00 Feb-00 Mar-00
                       
Components of Broad Money                      
                       
1. Currency with Public 4,651 4,812 5,833 5,000 4,876 4,322 4,599 4,727 6,127 5,255 5,137 5,132
2. Demand Deposits with the Banking System 5,501 5,966 5,759 5,530 6,030 5,833 5,325 5,532 5,877 5,835 5,581 5,867
I. Narrow Money, M1 (1+2) 10,152 10,778 11,592 10,530 10,906 10,155 9,924 10,259 12,004 11,090 10,717 10,999
                       
1. Savings Deposits 28,244 29,400 30,477 31,648 31,830 34,085 33,955 34,142 34,525 35,258 35,927 36,107
2. Time Deposits 26,234 26,284 27,406 29,224 30,239 31,638 31,651 32,463 33,094 33,912 33,643 33,607
3.  Foreign Currency Deposits 6,248 5,613 5,954 6,366 7,229 7,282 6,857 7,237 7,276 7,198 7,042 7,252
II. Quasi-Money (1+2+3) 60,726 61,297 63,837 67,238 69,298 73,005 72,463 73,842 74,895 76,369 76,612 76,966
                       
Broad Money, M2 (I+II) 70,878 72,075 75,429 77,767 80,204 83,160 82,388 84,101 86,899 87,459 87,330 87,965
                       
Sources of Broad Money                      
                       
1. Bank of Mauritius 14,869 14,121 13,867 16,038 15,315 15,696 16,274 17,751 18,425 18,913 18,555 18,214
2. Commercial Banks 6,249 5,245 5,778 6,039 6,772 6,526 6,188 6,181 7,120 6,596 6,628 6,537
I. Net Foreign Assets (1+2) 21,118 19,366 19,645 22,077 22,087 22,222 22,462 23,932 25,545 25,509 25,183 24,751
                       
1. Bank of Mauritius 2,453 3,252 4,831 3,655 4,576 4,384 2,974 2,044 2,281 2,017 1,813 2,298
2. Commercial Banks 14,905 14,361 13,152 12,869 11,437 13,009 13,718 14,597 15,416 15,365 15,432 15,929
A. Net Credit to the Central Government (1+2) 17,358 17,613 17,983 16,524 16,013 17,393 16,693 16,641 17,697 17,382 17,246 18,226
                       
1. Bank of Mauritius Claims on Non-bank Financial Institutions 476 530 570 556 575 541 534 519 506 493 488 475
2. Commercial Banks' Claims on Private Sector 49,941 52,723 56,653 57,832 60,106 61,896 62,324 62,802 62,521 63,661 63,648 64,137
3. Commercial Banks' Claims on Other Bank-like Institutions 152 152 152 33 33 284 284 284 284 284 284 284
B. Credit to the Private Sector (1+2+3) 50,569 53,404 57,374 58,421 60,714 62,721 63,141 63,605 63,311 64,439 64,420 64,895
                       
II. Domestic Credit (A+B) 67,927 71,017 75,358 74,945 76,727 80,113 79,834 80,246 81,008 81,820 81,666 83,121
                       
III. Net Non-Monetary Liabilities 18,167 18,308 19,574 19,255 18,610 19,175 19,908 20,077 19,654 19,871 19,519 19,907
                       
Broad Money, M2 (I+II-III) 70,878 72,075 75,429 77,767 80,204 83,160 82,388 84,101 86,899 87,459 87,330 87,965
                         
Note: Figures may not add up to totals due to rounding.