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*Zimbabwe’s Inflation Pressures Escalate* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?we Zimbabwe’s inflation pressures continue escalating as the country’s annual broad money supply (M3) rose by 40,8 percent to $9,1 billion in June 2018 from $6,4 billion recorded in same period last year. According to the Reserve Bank of Zimbabwe (RBZ)’s monthly economic review for June, the M3 rise reflects yearly increases in transferable deposits of 93,31 percent and negotiable certificates of deposits (NCDs) 1,79 percent. ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- Said RBZ: > Bond notes and coins circulating outside the banking system increased from $175,8 million in June 2017, to $379,2 million in June 2018. > “Month-on-month, broad money increased by 6,84 percent from $8,5 billion in May 2018 to $9,1 billion in June 2018.Households accounted for 23,3 percent of total domestic credit on a sectoral basis, followed by agriculture, 17,33 percent; distribution, 13,69 percent; financial organisations and investments, 12,74 percent; services, 11,97 percent; manufacturing, 11,31 percent; mining, 4,16 percent; construction, 2,44 percent and transport and communications, 1,89 percent. More: Nehanda Radio itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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