The Reserve Bank of Zimbabwe (RBZ) has issued an update on Reserve money noting that it increased during the week ending 14 January 2022 compared to the previous weeks’ position. Pindula News presents the central bank’s update:
1. Reserve money increased by ZW$1.06 billion to ZW$27.18 billion during the week ending 14th January 2022, compared to the previous week’s position of ZW$26.12 billion.
2. The growth in reserve money largely reflected an increase of ZW$1.11 billion and ZW$71.93 million in required reserves and currency issued, respectively.
3. Partially offsetting this increase was a decline of ZW$118.75 million in banks’ liquidity (RTGS balances) at the Central Bank.