Presently, we have Treasury and Bank of Mauritius Bills with maturities of 91 days up to 364 days. Treasury notes with maturities of 2, 3 and 4 years and bonds with maturities ranging from 5 years to 29 years are issued on a regular basis. Lately we have introduced a 14 day Special Deposit facility.
We feel that there is a gap between the 14 day Special Deposit Facility and the 91 day bill and in order to close the gap and manage the persistent excess liquidity in the system, the Bank is contemplating the issue of Central Bank papers with maturities of 1 and 2 months.