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

Table 12: Components and Sources of Broad Money (M2)
				(End of Period)			(Rs Million)
	Jun-98	Sep-98	Dec-98	Mar-99	Apr-99	May-99	Jun-99	Jul-99
Components of Broad Money
1. Currency with Public	4,651	4,812	5,833	5,000	5,001	5,014	4,876	4,896
2. Demand Deposits with the Banking System	5,501	5,966	5,759	5,530	5,786	5,720	6,030	5,304
I. Narrow Money, M1 (1+2)	10,152	10,778	11,592	10,530	10,787	10,734	10,906	10,200
1. Savings Deposits	28,244	29,400	30,477	31,648	31,597	31,413	31,830	32,080
2. Time Deposits	26,234	26,284	27,406	29,224	29,582	29,843	30,239	30,624
3.  Foreign Currency Deposits	6,248	5,613	5,954	6,366	6,520	7,000	7,229	7,291
II. Quasi-Money (1+2+3)	60,726	61,297	63,837	67,238	67,700	68,256	69,298	69,995
Broad Money, M2 (I+II)	70,878	72,075	75,429	77,767	78,486	78,990	80,204	80,195
Sources of Broad Money
1. Bank of Mauritius	14,869	14,121	13,867	16,038	15,366	15,082	15,315	14,957
2. Commercial Banks	6,249	5,245	5,778	6,039	6,177	6,332	6,772	6,621
I. Net Foreign Assets (1+2)	21,118	19,366	19,645	22,077	21,543	21,414	22,087	21,578
1. Bank of Mauritius	2,453	3,252	4,831	3,655	4,233	4,069	4,576	4,099
2. Commercial Banks	14,905	14,361	13,152	12,869	12,582	12,866	11,437	12,240
A. Net Credit to the Central Government (1+2)	17,358	17,613	17,983	16,524	16,815	16,935	16,013	16,339
1. Bank of Mauritius	476	530	570	556	587	560	575	562
2. Commercial Banks' Claims on Private Sector	49,941	52,723	56,653	57,832	57,878	59,250	60,106	61,028
3. Commercial Banks' Claims on Other Bank-like Institutions	152	152	152	33	33	33	33	33
B. Credit to the Private Sector (1+2+3)	50,569	53,404	57,374	58,421	58,498	59,843	60,714	61,623
II. Domestic Credit (A+B)	67,927	71,017	75,358	74,945	75,313	76,778	76,727	77,962
III. Net Non-Monetary Liabilities	18,167	18,308	19,574	19,255	18,370	19,202	18,610	19,345
Broad Money, M2 (I+II-III)	70,878	72,075	75,429	77,767	78,486	78,990	80,204	80,195
Note: Figures may not add up to total due to rounding.