Mauritius vs Tanzania: Broad money to total reserves ratio
Broad money to total reserves ratio over time
- Mauritius
- Tanzania
How they compare
Tanzania currently reports 2.26 against 2.23 in Mauritius, a difference of 0.0281.
The two have swapped places 4 times across 53 shared years of data; in 1966 it was Mauritius ahead.
Globally, Mauritius ranks 116th and Tanzania ranks 115th of 158 countries.
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About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a ratio (a÷b).