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AfricaMoney | August 23, 2017

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Mauritius sees Broad Money Liabilities climbed up by Rs 334 million as at September 2014

Mauritius sees Broad Money Liabilities climbed up by Rs 334 million as at September 2014

At the end of September 2014, the Broad Money Liabilities (BML) increased by Rs 334 million from Rs 379.20 billion at the end of August 2014 to Rs 379.54 billion. (Image: Traveling East)

Mauritius’ central bank announced that the Broad Money Liabilities (BML) amounted to Rs 379.54 billion at the end of September 2014 against Rs 379.20 billion at the end of August 2014, representing an increase of Rs 334 million.

Besides, the annual growth rate of the BML was 8.3% at the end of September 2014 compared to 7.9% at the end of August 2014.

The central bank’s monetary development for the month of September showed that domestic claims, with regard to the counterparts of BML, was estimated at Rs 424.43 billion at the end of September 2014 against Rs 422.78 billion at the end of August 2014, thus representing an increase of Rs 1.65 billion.

In addition, domestic claims declined by 3.3% in the year to September 2014, as compared to a decrease of 2.8% felt in the year to August 2014.

However, net claims on central government boosted from Rs 33.65 billion at the end of August 2014 to Rs 34.11 billion at the end of September 2014, hence representing an increase of Rs 457 million or 1.4%.

Furthermore, claims on other sectors knew an increase of Rs 1.19 billion to reach Rs 390.33 billion at the end of September 2014 or by 0.3%.

On an annual basis, claims on other sectors plunge by 4.8% to September 2014, as compared to a decrease of 3.5 per cent in the year to August 2014.

Concerning the net foreign assets of depository corporations, it was amounted to Rs 409.26 billion at the end of August 2014 and went up by Rs 31.43 billion or 7.7%, to reach Rs 440.69 billion at the end of September 2014, as compared to an increase of 4.3% recorded in the previous month.

Finally, the bank noted that the net foreign assets went up by 15.4% in the year to September 2014, as compared to an increase of 5.4% obtained in the year to August 2014.

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