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*RBZ: Reserve Money In Sharp Decline* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?se The Reserve Bank of Zimbabwe (RBZ) recorded a sharp decline in Reserve Money as of the week ending 18th June 2021 mainly because of a decrease in banks’ liquidity. In the RBZ’s previous report for the week that ended on 4 June, Reserve Money had increased by 902 Zimbabwean dollars. ---------- Latest itel S24 available on Pindula: 128GB storage $119 USD WhatsApp +263783450793 ---------- 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 Pindula News present the central bank’s statement. > 1. Reserve money for the week ending 18th June 2021 fell by ZW$176.84 million to ZW$23.85 billion, compared to last week’s position of ZW$24.02 billion. > 2. The decrease in reserve money largely reflected a decrease of ZW$378.06 million in banks’ liquidity (RGTS balances) at the Reserve Bank, which was partially offset by increases of ZW$125.35 million and ZW$75.87 million in currency issued and required reserves, respectively. > 3. The fall in liquidity followed an increase in revenue collection by Government, which saw its deposit at the RBZ rising by ZW$1.19 billion over the week under review, thus withdrawing liquidity from the market. > Please note that the end-December 2020 reserve money is provisional until audit is completed. *Download: Reserve Money Update: 18 June 2021* 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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