Table 11 : Components and Sources of Reserve Money

Table 11 : Components and Sources of Reserve Money                  
                   
      (End of Period)       (Rs Million)    
  Jun-97 Dec-97 Jun-98 Sep-98 Dec-98 Jan-99 Feb-99 Mar-99  
                   
Components of Reserve Money                  
                   
1. Currency with Public 4,307 5,411 4,651 4,812 5,833 5,147 5,027 5,000  
2. Currency with Banks 1,168 1,885 1,384 1,456 2,226 1,785 1,702 1,752  
3. Demand Deposits with Bank of Mauritius 4,248 1,630 2,547 2,436 1,702 2,846 2,849 2,790  
                   
Reserve Money (1+2+3) 9,723 8,926 8,582 8,704 9,761 9,778 9,578 9,542  
                   
Sources of Reserve Money                  
                   
1. Net Foreign Assets of BoM 17,163 15,341 14,869 14,121 13,867 15,188 15,368 16,038  
2. Net BoM Credit to Government 678 1,415 2,319 3,118 4,697 3,923 3,845 3,521  
3. BoM Credit to Non-Bank Financial Institutions 259 379 476 530 570 559 554 556  
4. Net Non-Monetary Liabilities 8,377 8,209 9,082 9,065 9,373 9,892 10,189 10,574  
                   
Reserve Money (1+2+3-4) 9,723 8,926 8,582 8,704 9,761 9,778 9,578 9,542  
                   
Broad Money Multiplier @ 6.2 7.6 8.3 8.3 7.7 7.8 8.1 8.1  
@ Defined as the ratio of Broad Money to Reserve Money.         Figures may not agree with Table 12.        
                   

Last Updated on 5/18/99
By bom