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 Jul-99 Aug-99
                 
Components of Reserve Money                
                 
1. Currency with Public 4,651 4,812 5,833 5,000 5,001 5,014 4,876 4,896 4,811
2. Currency with Banks 1,384 1,456 2,226 1,752 1,662 1,648 2,000 1,615 1,841
3. Demand Deposits with Bank of Mauritius 2,547 2,436 1,702 2,790 3,130 2,546 3,469 2,419 2,894
                 
Reserve Money (1+2+3) 8,582 8,704 9,761 9,542 9,793 9,208 10,345 8,930 9,546
                 
Sources of Reserve Money                
                 
1. Net Foreign Assets of BoM 14,869 14,121 13,867 16,038 15,366 15,082 15,315 14,957 14,986
2. Net BoM Credit to Government 2,319 3,118 4,697 3,521 4,099 3,935 4,443 3,965 4,741
3. BoM Credit to Non-Bank Financial Institutions 476 530 570 556 587 560 575 562 549
4. Net Non-Monetary Liabilities 9,082 9,065 9,373 10,573 10,259 10,369 9,988 10,554 10,730
                 
Reserve Money (1+2+3-4) 8,582 8,704 9,761 9,542 9,793 9,208 10,345 8,930 9,546
                   
Broad Money Multiplier @ 8.3 8.3 7.7 8.1 8.0 8.6 7.8 9.0 8.5
 @ Defined as the ratio of Broad Money to Reserve Money.  Figures may not agree with Table 12.