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*RBZ: Reserve Money Declines Again - 2 July 2021* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?cv The Reserve Bank of Zimbabwe (RBZ) recorded a sharp decline in Reserve Money as of the week ending 2nd July 2021 mainly because of a decrease in banks’ liquidity. In the RBZ’s previous report for the week that ended on 18 June, Reserve Money had fallen by ZW$176.84 million to ZW$23.85 billion. ---------- itel A70 256GB $99USD WhatsApp: https://wa.me/+263715068543 Calls: 0772464000 ---------- RBZ: Reserve Money In Sharp Decline 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 declined by ZW$917.13 million to ZW$23.53 billion during the week ending 2nd July 2021, largely reflecting a decrease of ZW$1.35 billion in banks’ liquidity (RTGS balances), which was partially offset by increases of ZW$400.36 million and ZW$37.13 million in required reserves and currency issued, respectively. > 2. The fall in liquidity was mainly due to payment of taxes for the Quarter ended June 2021, which led to an increase in Government revenue collections. As a result, Government’s deposits at the RBZ rose by ZW$9.15 billion, over the week under review. More: Pindula News _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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