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-98 |
Sep-98 |
Dec-98 |
Mar-99 |
Jun-99 |
Sep-99 |
Oct-99 |
Nov-99 |
Dec-99 |
Jan-00 |
Feb-00 |
Mar-00 |
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Components of Reserve Money |
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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 |
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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 |
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Sources of Reserve Money |
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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 |
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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 |
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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. |
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Figures may not
agree with Table 12. |
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Table 12:
Components and Sources of Broad Money (M2) |
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(End of Period) |
(Rs million) |
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Jun-98 |
Sep-98 |
Dec-98 |
Mar-99 |
Jun-99 |
Sep-99 |
Oct-99 |
Nov-99 |
Dec-99 |
Jan-00 |
Feb-00 |
Mar-00 |
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Components
of Broad Money |
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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 |
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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 |
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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 |
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Sources
of Broad Money |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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Note: Figures may not add up
to totals due to rounding. |
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