The Reserve Bank of Zimbabwe has announced that Reserve Money had increased by 240 million Zimbabwean dollars as of 28 May 2021.
The increase follows a sharp decline in reserve money during the week that ended 7 May. The decline was attributed to a decrease in banks’ liquidity.
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Pindula News present below the central bank’s latest report of reserve money.
1. Reserve money increased by ZW$239.55 million to ZW$23.38 billion, as of the week ending 28th May 2021, from ZW$23.14 million in the previous week.
2. The rise in reserve money largely reflected increases of ZW$242.73 million in required reserves andZW$51.69 million in the currency issued. Partially offsetting these increases was a decline of ZW$54.87 million in banks liquidity (RGTS balances) at the central bank.
3. Maturing OMO savings bonds injected ZW$532.75 million into the market, thus contributing to the increase in liquidity during the week under review.
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