Reserve Money At RBZ As Of 9 July 2021

2 years agoTue, 20 Jul 2021 18:47:10 GMT
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Reserve Money At RBZ As Of 9 July 2021

The Reserve Bank of Zimbabwe (RBZ) recorded an increase in Reserve Money as of the week ending 9 July 2021 mainly because of an increase in banks’ liquidity.

In the RBZ’s previous report for the week that ended on 2nd July, Reserve Money had declined by ZW$917.13 million to ZW$23.53 billion.

Pindula News presents the central bank’s statement.

1. Reserve money increased by ZW$926.48 million to ZW$24.46 billion, as of the week ending 9th July 2021. This largely reflected increases of
ZW$575.34 million and ZW$431.22 million in banks’ liquidity (RTGS balances) and currency issued, respectively.

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2. The increase in reserve money, which followed liquidity injections through maturities of previously issued non-negotiable certificates of deposits (NNCDs), was partially offset by a decline of ZW$80.08 million in required reserves.

DOWNLOAD Reserve Money Update 09-July-2021



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