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AfricaMoney | June 26, 2017

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Net foreign assets up 26% at Rs 139.1 bn in March 2015: Bank of Mauritius survey

Net foreign assets up 26% at Rs 139.1 bn in March 2015: Bank of Mauritius survey

The monetary base rose mainly on the back of increase in Rs 9.4 billion for liabilities to Other Depository Corporations on a yearly basis followed by the increase of liabilities to other sectors by Rs 199.8 million and higher currency in circulation by Rs 1.5 billion. (Image: orange.mu)

Mauritius` central bank released on 15 April 2015 its annual survey for the period of March 2014-March 2015 as also the weekly central bank survey as on 03April15 which showed net assets increased by 26% over a one year period to reach Rs 139.1 billion in March 2015 and further rose to Rs 139.5 billion in April 2015.

These comprised the increasing trend of claims on non-residents, which hit Rs 139.1 billion in March 2015 against the 2014 figure of Rs 110.6 billion, while liabilities to non-residents pursued a declining trend.

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 were at Rs 2.4 billion lower than Rs 3.5 billion in 2014, while net claims on the central government stood at negative Rs 23.5 billion in 2015 against negative Rs 13.4 billion in 2015. Claims on Central Government stood at Rs 3.8 billion and Deduction of liabilities to Central Government of Rs 27.3 billion was registered, against corresponding figures of Rs 6.6 billion and Rs 20.0 billion for 2014. Finally, claims on other sectors and monetary base amounted to Rs 206.0 million.

Concerning the monetary base, it strengthened to Rs 73.6 billion in 2015 compared to Rs 62.5 billion in 2014 and its components, namely currency in circulation was at Rs 26.8 billion in 2014, lower than the 2015 figure of Rs 28.2 billion. As for liabilities to other depository corporations and liabilities to other sectors, the figures improved to Rs 45.1 billion and Rs 287.5 million in 2015.

In addition, securities other than shares included in broad money amounted to Rs 3.0 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 27.0 billion.

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