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The Mauritius Yellow Pages News - Upswing In International Reserves Reported |
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Upswing In International Reserves Reported |
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Posted to the web February 22, 2001 February 22, 2001 - Port-Louis, Mauritius, Indian Ocean The net international reserves of Mauritius increased by 1.3 billion rupees (1 USD = 27.5 rupees) between November and December 2000 (from 32.2 billion to 33.5 billion rupees) a bulletin of the Bank of Mauritius said Thursday. "Based on the value of the import bill for fiscal year 1999/2000, the end-December 2000 level of net international reserves of the country represented 31.7 weeks of imports, up from 30.5 weeks at the end of November 2000," the central Bank said. According to the Bank, the rupee depreciated between December 2000 and January 2001 against the Euro and the Pound by 4.9 percent and 1.2 percent respectively. It, however, appreciated against the Yen and the US dollar by 4.4 percent and 0.02 per cent respectively. The Euro was traded at an average rate of 26.327 rupees in January 2001 compared to 25.106 rupees in December 2000. The Pound was traded at an average rate of 41.441 rupees in January 2001 as against 40.935 rupees in December 2000. However, it traded at an average rate of 24.043 rupees per 100 Yen in January 2001, down from 25.100 rupees per 100 Yen in December 2000. The rupee moved marginally higher vis-à-vis the US dollar, trading at an average rate of 28.027 rupees in January 2001 compared with 28.034 rupees in December 2000. Concerning inflation, the Bank indicated that the rate for calendar year 2000 declined to 4.2 percent from 6.9 percent in 1999. According to the Bank, the rate of inflation in 2000 was also dropped to its lowest level since 1987.
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