The Reserve Bank of Zimbabwe (RBZ) has said reserve money declined by ZW$272.36 million to ZW$27.98 billion, compared to the previous week’s position of ZW$28.26 billion. Pindula News presents the central bank’s update:
RESERVE MONEY
1. Reserve money for the week ending 19th November 2021 declined by ZW$272.36 million to ZW$27.98 billion, compared to the previous week’s position of ZW$28.26 billion.
2. This decline in reserve money was largely reflected by a decrease of ZW$684.27 million in banks’ liquidity (RTGS balances) at the Reserve Bank. Government deposits at the RBZ rose by ZW$17.13 billion during the week under review, thus contributing to the withdrawal of liquidity from the market.
3. Partially offsetting the decline in reserve money were increases of ZW$223.96 million and ZW$187.95 million in required reserves and currency issued, respectively.
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