Zimbabwe’s Inflation Pressures Escalate

Zimbabwe’s inflation pressures continue escalating as the country’s annual broad money supply (M3) rose by 40,8 percent to $9,1 billion in June 2018 from $6,4 billion recorded in same period last year.

According to the Reserve Bank of Zimbabwe (RBZ)’s monthly economic review for June, the M3 rise reflects yearly increases in transferable deposits of 93,31 percent and negotiable certificates of deposits (NCDs) 1,79 percent.

Said RBZ:

Bond notes and coins circulating outside the banking system increased from $175,8 million in June 2017, to $379,2 million in June 2018.

“Month-on-month, broad money increased by 6,84 percent from $8,5 billion in May 2018 to $9,1 billion in June 2018.Households accounted for 23,3 percent of total domestic credit on a sectoral basis, followed by agriculture, 17,33 percent; distribution, 13,69 percent; financial organisations and investments, 12,74 percent; services, 11,97 percent; manufacturing, 11,31 percent; mining, 4,16 percent; construction, 2,44 percent and transport and communications, 1,89 percent.

More: Nehanda Radio

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Reserve Bank of ZimbabweBond NotesZimbabwe

The Reserve Bank of Zimbabwe (RBZ) is the central bank of Zimbabwe. Its offices are located at number 80 Samora Machel Avenue in Harare. The Reserve Bank of Zimbabwe operates under the Reserve Bank of Zimbabwe Act, Chapter 22: 15 of 1964. The Act provides... Read More About Reserve Bank of Zimbabwe

Bond Notes are a currency of notes backed by a bond that the Zimbabwe government announced on 4 May 2016 by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya. The $2 denomination of the notes was finally introduced on 28 November 2016. More notes were... Read More About Bond Notes

The Republic of Zimbabwe is a country located in the Southern Africa region. Its capital city is [[::Harare]] and the country has 10 provinces. Zimbabwe is 390,580 sq km and is bordered on all sides by other countries (Zambia in the north, South Africa in... Read More About Zimbabwe


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