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*Reserve Bank Of Zimbabwe: Reserve Money Increase* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ra The Reserve Bank of Zimbabwe (RBZ) has reported that Reserve Money increased by 902 Zimbabwean dollars as of the week ending 4th June 2021. In the RBZ’s previous report for the week that ended on 28 May 2021, reserves had increased by 240 million Zimbabwean dollars. ---------- 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 Bank of Zimbabwe: Reserve Money Increase RBZ: Reserve Money In Sharp Decline DOWNLOAD: RBZ Update On Reserve Money – 30 April 2021 Reserve Bank Of Zimbabwe: Reserve Money Increase RBZ: Reserve Money Update As Of 23 April 2021 DOWNLOAD: Reserve Bank Of Zimbabwe Reserve Money Update -PDF RBZ Update On Reserve Money 6 October 2020 FBC Bank In Bribery Storm Involving High Court Judge CABS Receives Historic €15M Credit Facility From European Investment Bank Banks, Pension Funds Shun Tobacco Sector Mthuli: USD Depositors To Be Compensated For Exchange Losses Zimbabwe Enacts SI 65 of 2020 Which Directs Banks To Pay Interest On Savings Accounts And Fixed Deposits New Duty Regime Sharply Reduces Vehicle Imports The increase was largely attributable to maturing savings bonds held by banking institutions. Pindula News present the central bank’s statement below. > 1. Reserve money increased by ZW$902.23 million to ZW$24.28 billion, as at week ending 4th June 2021. The rise in reserve money reflected an increase of ZW$590.80 million in banks’ liquidity (RGTS balances) at the Reserve Bank, coupled with increases of ZW$196.18 million and ZW$115.25 million in required reserves and currency issued, respectively. > 2. The rise in market liquidity was largely attributable to maturing savings bonds held by banking institutions, which was partially offset by issuance of non-negotiable certificates of deposits (NNCDs) to banks with excess liquidity balances. *Download: Reserve-Money-Update—-4-June-2021* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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