Table 11: Components and Sources of Reserve Money
(End of Period) (Rs million)
  Jun-98 Sep-98 Dec-98 Mar-99 Jun-99 Sep-99 Oct-99 Nov-99 Dec-99 Jan-00 Feb-00 Mar-00 Apr-00 May-00 Jun-00
                             
Components of Reserve Money                            
                             
1. Currency with Public 4,651 4,812 5,833 5,000 4,876 4,322 4,599 4,727 6,127 5,255 5,137 5,132 5,139 5,050 5,172
2. Currency with Banks 1,384 1,456 2,226 1,752 2,000 2,349 2,111 2,582 3,010 1,818 1,738 1,631 1,559 1,728 1,557
3. Demand Deposits with Bank of Mauritius 2,547 2,436 1,702 2,790 3,469 3,156 2,166 2,137 1,388 3,627 2,781 3,437 3,236 3,000 3,037
                             
Reserve Money (1+2+3) 8,582 8,704 9,761 9,542 10,345 9,827 8,876 9,445 10,525 10,700 9,655 10,201 9,934 9,778 9,766
                             
Sources of Reserve Money                            
                             
1. Net Foreign Assets of BoM 14,869 14,121 13,867 16,038 15,315 15,696 16,274 17,751 18,425 18,913 18,555 18,214 17,728 17,222 17,455
2. Net BoM Credit to Government 2,319 3,118 4,697 3,521 4,443 4,250 2,869 1,922 2,187 1,893 1,691 2,190 2,403 2,588 2,945
3. BoM Credit to Non-Bank Financial Institutions 476 530 570 556 575 541 534 519 506 493 488 475 463 448 435
4. Net Non-Monetary Liabilities 9,082 9,065 9,373 10,573 9,988 10,660 10,801 10,747 10,593 10,600 11,079 10,678 10,660 10,480 11,069
                             
Reserve Money (1+2+3-4) 8,582 8,704 9,761 9,542 10,345 9,827 8,876 9,445 10,525 10,700 9,655 10,201 9,934 9,778 9,766
                               
Broad Money Multiplier @ 8.3 8.3 7.7 8.1 7.8 8.5 9.3 8.9 8.3 8.2 9.0 8.6 8.8 9.0 9.1
 @ Defined as the ratio of Broad Money to Reserve Money.  Figures may not agree with Table 12.