Sheet1

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

	(End of Period)					(Rs Million)
	Jun-98	Sep-98	Dec-98	Jan-99	Feb-99	Mar-99	Apr-99

Components of Broad Money

1. Currency with Public	4,651	4,812	5,833	5,147	5,027	5,000	5,001
2. Demand Deposits with the Banking System	5,501	5,966	5,759	5,596	5,521	5,530	5,786
I. Narrow Money, M1 (1+2)	10,152	10,778	11,592	10,743	10,548	10,530	10,787

1. Savings Deposits	28,244	29,400	30,477	31,150	31,852	31,648	31,597
2. Time Deposits	26,234	26,284	27,406	27,654	28,859	29,224	29,582
3. Foreign Currency Deposits	6,248	5,613	5,954	6,271	5,879	6,366	6,520
II. Quasi-Money (1+2+3)	60,726	61,297	63,837	65,075	66,590	67,238	67,700

Broad Money, M2 (I+II)	70,878	72,075	75,429	75,818	77,138	77,767	78,486

Sources of Broad Money

1. Bank of Mauritius	14,869	14,121	13,867	15,188	15,368	16,038	15,366
2. Commercial Banks	6,249	5,245	5,778	6,004	5,816	6,039	6,177
I. Net Foreign Assets (1+2)	21,118	19,366	19,645	21,192	21,184	22,077	21,543

1. Bank of Mauritius	2,453	3,252	4,831	4,057	3,979	3,655	4,233
2. Commercial Banks	14,905	14,361	13,152	12,642	12,537	12,869	12,582
A. Net Credit to the Central Government (1+2)	17,358	17,613	17,983	16,699	16,516	16,524	16,815

1. Bank of Mauritius	476	530	570	559	554	556	587
2. Commercial Banks' Claims on Private Sector^*	49,941	52,723	56,653	56,948	57,300	57,832	57,878
3. Commercial Banks' Claims on Other Bank-like Institutions	152	152	152	154	154	33	33
B. Credit to the Private Sector (1+2+3)	50,569	53,404	57,374	57,661	58,008	58,421	58,498

II. Domestic Credit (A+B)	67,927	71,017	75,358	74,361	74,524	74,945	75,313

III. Net Non-Monetary Liabilities^*	18,167	18,308	19,574	19,735	18,570	19,255	18,370

Broad Money, M2 (I+II-III)	70,878	72,075	75,429	75,818	77,138	77,767	78,486

Note: Figures may not add up to total due to rounding.
^: Figures from Jun-98 through Mar-99 have been revised following reclassification of data by one bank.*

Last Updated on 6/15/99
By bom