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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?au 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 now available on Pindula* $124 Cash on Delivery in Harare & Bulawayo. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > 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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