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.
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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.
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