The Gross Official International Reserves (GOIR) of the country amounted to Rs 304.2 billion (equivalent to USD6,797.1 million) as of end-January 2023 according to a document published on the Central Bank’s website. Based on the imports of goods and services for the calendar year 2021, the GOIR represented 14.4 months of imports as of end-January 2023.
It is to be noted that for the same period in 2022, the reserves stood at Rs 345 billion. In comparison, this represents a decrease of just over Rs 43 billion. As a reminder, in December 2022, the Bank of Mauritius’ international reserves stood at Rs 342 billion. This is almost Rs 38 billion more than in January 2023.
The GOIR comprises the gross foreign assets of the Bank of Mauritius, which include holdings of assets in the form of monetary gold, SDR and other reserve assets, the country’s Reserve Position in the IMF as well as the foreign assets of the Government. The definition of international reserves is in line with the guidelines of the Sixth Edition of the IMF’s Balance of Payments and International Investment Position Manual (BPM6). The GOIR statistics are disseminated monthly within one week after the end of the reference month, as set out in the Bank’s Advanced Release Calendar.
Here is a table showing the evolution of the country reserve for the last 2 months:
