Mauritius’ net foreign assets at Rs 137.3 bn for week ended 15 May15
Estimated net foreign assets in Mauritius for the week ended 15 May 2015 stood at Rs 137.3 billion, as per the central bank’s weekly survey, and concerning the monetary base of Rs 74.2 billion, it comprised Rs 27.2 billion for currency in circulation, Rs 46.5 billion for liabilities to other depository corporations while liabilities to other sectors amounted to Rs 98 million.(Image: Orange.mu)
Mauritius’ central bank released on 26 May 2015 its weekly survey for 15 May 2015, which showed that net foreign assets are estimated at Rs 137.3 billion.
These comprised claims on non-residents amounting to Rs 137.3 billion, less liabilities to non-residents amounting to Rs 93 million.
Next were domestic assets, which are disaggregated as Claims on Other Depository Corporations, Net Claims on Central Government, and Claims on Other Sectors.
Claims on Other Depository Corporations are estimated at Rs 2.6 billion while net claims on the central government stood at – Rs 24.3 billion with Rs 3.6 billion for claims on Central Government and deduction of liabilities to Central Government of Rs 27.9 billion. Finally, claims on other sectors amounted to Rs 433 million.
Concerning the monetary base, it comprised Rs 27.6 billion for currency in circulation, Rs 46.4 billion for liabilities to other depository corporations while liabilities to other sectors amounted to Rs 98 million.
In addition, securities other than shares included in broad money amounted to Rs 2.2 billion, deposits excluded from broad money amounted to Rs 58 million and Rs 1 million for securities other than shares excluded from broad money.
Finally, central bank data also showed that shares and other equity – which is essentially equity capital and reserves compiled by the bank consisting of equity, general and special reserves – stood at the level of Rs 25.0 billion.
It is to be noted that the Bank of Mauritius is undertaking monetary policy operations for the absorption of excess liquidity from the banking system through foreign exchange interventions and issue of notes with the aim of capturing Rs 20 billion of liquidity by December 2015.