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
                   
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
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
I. Narrow Money, M1 (1+2) 10,152 10,778 11,592 10,530 10,906 10,155 9,924 10,259 12,004
                   
1. Savings Deposits 28,244 29,400 30,477 31,648 31,830 34,085 33,955 34,142 34,525
2. Time Deposits 26,234 26,284 27,406 29,224 30,239 31,638 31,651 32,463 33,094
3.  Foreign Currency Deposits 6,248 5,613 5,954 6,366 7,229 7,282 6,857 7,237 7,276
II. Quasi-Money (1+2+3) 60,726 61,297 63,837 67,238 69,298 73,005 72,463 73,842 74,895
                   
Broad Money, M2 (I+II) 70,878 72,075 75,429 77,767 80,204 83,160 82,388 84,101 86,899
                   
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
2. Commercial Banks 6,249 5,245 5,778 6,039 6,772 6,526 6,188 6,181 7,120
I. Net Foreign Assets (1+2) 21,118 19,366 19,645 22,077 22,087 22,222 22,462 23,932 25,545
                   
1. Bank of Mauritius 2,453 3,252 4,831 3,655 4,576 4,384 2,974 2,044 2,281
2. Commercial Banks 14,905 14,361 13,152 12,869 11,437 13,009 13,718 14,597 15,416
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
                   
1. Bank of Mauritius 476 530 570 556 575 541 534 519 506
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
3. Commercial Banks' Claims on Other Bank-like Institutions 152 152 152 33 33 284 284 284 284
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
                   
II. Domestic Credit (A+B) 67,927 71,017 75,358 74,945 76,727 80,113 79,834 80,246 81,008
                   
III. Net Non-Monetary Liabilities 18,167 18,308 19,574 19,255 18,610 19,175 19,908 20,077 19,654
                   
Broad Money, M2 (I+II-III) 70,878 72,075 75,429 77,767 80,204 83,160 82,388 84,101 86,899
                   
Note: Figures may not add up to totals due to rounding.