Home
About
Contact
Register
Login
Generate
WhatsApp Message
*Reserve Bank Of Zimbabwe: Reserve Money Increase* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ls The Reserve Bank of Zimbabwe has reported that Reserve Money increased mainly due to increases of banks’ liquidity and statutory reserves (minimum amounts of cash and readily marketable securities that insurance companies must hold). We present RBZ’s statement below. > RESERVE MONEY Reserve money increased by ZW$637.41 Million to ZW$22.54 billion, as at week ending 23rd April 2021, largely reflecting increases of ZW$309.98 million in banks’ liquidity (RTGS balances) at the Reserve Bank and ZW$293.85 million in statutory reserves. Currency issued also rose by ZW$33.59 million. The increase in reserve money was mainly attributed to maturing saving bonds, which injected ZW$3.52 billion into the market, during the week under review. > Table 1: Reserve Money Developments (ZW$ Billions) Aug-20 Sep-20 Oct-20 Nov-20 Dec-20* Week Ending 29 Jan-21 Week Ending 26 Feb-21 Week Ending 26 Mar-21 Week Ending 16 April-21 Week Ending 23 April-21 Currency Issued by RBZ 2.06 2.14 2.12 2.13 2.38 2.81 2.95 3.15 3.15 3.19 Banking Sector Deposits at RBZ 10.06 10.25 13.38 15.91 16.38 19.12 19.43 17.62 18.75 19.36 Statutory (Required) Reserves 1.24 1.40 1.68 2.01 2.20 2.44 4.80 5.15 5.29 5.59 Banks’RTGS Liquidity 8.83 8.85 11.70 13.90 14.18 16.68 14.63 12.47 13.46 13.77 Other Deposits 0.26 0.34 0.02 0.38 0.00 0.00 0.00 0.00 0.00 0.00 Reserve Money 12.38 12.73 15.52 18.42 18.76 21.93 22.38 20.77 21.90 22.54 Memorandum Items Currency Issued Reserve Money Ratio (%) 16.6 16.8 13.7 11.6 12.67 12.79 13.17 15.16 14.39 14.13 Currency in Circulation Deposits Ratio (%) 0.7 0.7 0.7 0.6 1.2 1.1 1.3 1.3 1.3 1.2 ---------- Latest itel A06 on Pindula: 32GB storage, 4GB RAM $69 USD WhatsApp: +263715068543 Calls: 0772464000 ---------- RBZ: Reserve Money Update As Of 23 April 2021 DOWNLOAD: Reserve Bank Of Zimbabwe Reserve Money Update -PDF Reserve Money Increase In October – RBZ RBZ: Reserve Money Update As At 11 September 2020 Reserve Money Increased By ZWL$1.037 Billion In The Week Ending 4 September 2020 – RBZ More: Pindula News _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Feedback