Reserve Money At The RBZ As Of 15 October 20211 year ago
The Reserve Bank of Zimbabwe (RBZ) recorded a decrease in Reserve Money as of the week ending 15 October 2021 reflecting a decrease in banks’ liquidity at the RBZ.
In the RBZ’s previous report for the week that ended on 08 October 2021, Reserve Money had increased by ZW$225.32 million to ZW$28.05 billion.
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Pindula News presents the central bank’s statement on the status of Reserve Money for the week ending 15 October 2021.
1. Reserve money decreased by ZW$1.94 billion to ZW$26.11 billion during the week ending 15th October 2021, compared to the previous week’s position of ZW$28.05 billion.
2. The decline in reserve money largely reflected a decrease of ZW$2.03 billion in banks’ liquidity (RTGS balances) at the Central Bank, partially offset by increases of ZW$72.02 million and ZW$14.63 million in required reserves and currency issued, respectively.
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3. The fall in market liquidity was largely on the back of liquidity mopping up operations by the Bank, through the issuance of non-negotiable certificates of deposits (NNCDs).