Reserve Money At The RBZ As Of 23 July 2021
The Reserve Bank of Zimbabwe (RBZ) recorded a decline in Reserve Money as of the week ending 23 July 2021 reflecting a decrease in RBZ’s liquidity.
In the RBZ’s previous report for the week that ended on 9 July, Reserve Money had increased by ZW$926.48 million to ZW$24.46 billion.
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Pindula News presents the central bank’s statement.
1. Reserve money for the week ending 23rd July 2021 declined by ZW$906.52 million to ZW$23.40 billion. This largely reflected a decrease of
ZW$966.91 million in banks’ liquidity (RTGS balances) at the Central Bank.
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2. The decrease in reserve money was largely due to mopping-up operations by the Bank, through the issuance of non-negotiable certificates of deposits (NNCDs).
3. Partially offsetting the decline in liquidity were increases of ZW$56.74 million and ZW$3.66 million in required reserves and currency issued, respectively.
