Table 11 : Components and Sources of Reserve Money

Table 11 : Components and Sources of Reserve Money
(End of Period) (Rs Million)
  Jun-98 Sep-98 Dec-98 Mar-99 Apr-99 May-99 Jun-99
             
Components of Reserve Money            
             
1. Currency with Public 4,651 4,812 5,833 5,000 5,001 5,014 4,876
2. Currency with Banks 1,384 1,456 2,226 1,752 1,662 1,648 2,000
3. Demand Deposits with Bank of Mauritius 2,547 2,436 1,702 2,790 3,130 2,546 3,469
             
Reserve Money (1+2+3) 8,582 8,704 9,761 9,542 9,793 9,208 10,345
             
Sources of Reserve Money            
             
1. Net Foreign Assets of BoM 14,869 14,121 13,867 16,038 15,366 15,082 15,315
2. Net BoM Credit to Government 2,319 3,118 4,697 3,521 4,099 3,935 4,443
3. BoM Credit to Non-Bank Financial Institutions 476 530 570 556 587 560 575
4. Net Non-Monetary Liabilities 9,082 9,065 9,373 10,574 10,259 10,369 9,988
             
Reserve Money (1+2+3-4) 8,582 8,704 9,761 9,542 9,793 9,208 10,345
               
Broad Money Multiplier @ 8.3 8.3 7.7 8.1 8.0 8.6 7.8
 @ Defined as the ratio of Broad Money to Reserve Money.  Figures may not agree with Table 12.