The Reserve Bank of Zimbabwe (RBZ) recorded an increase in Reserve Money as of the week ending 01 October 2021 reflecting an increase in RBZ’s liquidity.
In the RBZ’s previous report for the week that ended on 17 September 2021, Reserve Money had increased by ZW$239.11 million to ZW$28.20 billion.
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Pindula News presents the central bank’s statement on the status of Reserve Money for the week ending 01 October 2021.
1. Reserve money increased by ZW$912.93 million to ZW$28.28 billion during the week ending 1st October 2021, compared to the previous week’s position of ZW$27.36 billion.
2. The increase in reserve money largely reflected an increase of ZW$641.91 million in banks’ liquidity (RTGS balances) at the Central Bank, coupled with increases of ZW$187.74 million and ZW$83.28 million in required reserves and currency issued, respectively.
3. The rise in banks’ liquidity at the RBZ was mainly associated with an increase in banking system deposits, owing to expansion in the economy.