The Reserve Bank of Zimbabwe (RBZ) recorded an increase in Reserve Money as of the week ending 27th of August 2021 reflecting an increase in RBZ’s liquidity.
In the RBZ’s previous report for the week that ended on 20 August 2021, Reserve Money had increased by ZW$2.51 billion to ZW$27.33 billion.
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Pindula News presents the central bank’s statement on the status of Reserve Money for the week ending 20 August 2021.
1. Reserve money for the week ending 27th August increased by ZW$374.51 million to ZW$27.71 billion, compared to last week’s position of ZW$27.33 billion.
2. The rise in reserve money largely reflected increases of ZW$214.85 million and ZW$151.15 million in required reserves and banks’ liquidity (RTGS balances) at the Reserve Bank, respectively. RTGS balances increased due to maturing open market operations (OMO) savings bonds.