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*FULL TEXT: RBZ Releases Reserve Money Update As At 24 July 2020* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?hc Reserve rose from ZW$14.36 billion on 17 July 2020 to ZW$17.01 billion as at 24 July 2020, the Bank of Zimbabwe (RBZ) has revealed. The central bank said this was largely on account of increased Government expenditures. The report reads: ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- > Reserve money rose from ZW$14.36 billion on 17 July 2020 to ZW$17.01 billion as at 24 July 2020, largely on account of increased Government expenditures, which saw Government surplus position moving from ZW$8.0 billion to ZW$6.3 billion as at the end of the review period. > Foreign currency purchases from exporters by the Bank also increased reserve money during the week. > During the week under review, required reserves and currency issued also rose. Partially offsetting the increase in reserve money was a decrease of ZW$0.74 billion in other deposits. Follow this link to download the full statement _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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