Mauritius sees gross official international reserves dip to Rs 121.66 bn last month
On a year-on-year basis, there was a net increase of Rs 17.1 billion as gross international reserves stood at Rs 104.48 at the end of January 2014. (Image: blirk)
Gross international reserves hit Rs 121. 66 billion in January 2015, decreasing by Rs 2.6 billion over the previous month, according to data released this month by the central bank of Mauritius.
However, on a year-on-year basis, we can note a net increase of Rs 17.1 billion as gross international reserves stood at Rs 104.48 at the end of January 2014.
For the previous month, it may be noted that the gross international reserves had increased from Rs 119.46 billion in November 2014 to Rs 124.34 billion at the end of December 2014.
According to the Reserve Position in the IMF, the Bank of Mauritius (BoM) has registered an amount of Rs 1.7 billion at the end of January 2015 which is a decrease of Rs 2 million compared to December 2014. However, compared to January 2014, we note that there was a decrease of Rs 19 million.
The level of the reserves, as calculated in US dollars, is estimated at USD 3.72 billion in January against USD 3.92 billion in December 2014.
Finally, according to the data released by BoM, the value of the gold reserves increased to Rs 11.79 billion in January 2015, compared to Rs 9.6 billion in December 2014, and Rs 9.4 billion as at end-November 2014.