The Reserve Bank of Zimbabwe (RBZ) recorded a decrease in Reserve Money as of the week ending 22 October 2021 reflecting a decrease in banks’ liquidity at the RBZ.
In the RBZ’s previous report for the week that ended on 15 October 2021, Reserve Money had increased by ZW$599.62 million to ZW$26.71 billion.
Pindula News presents the central bank’s statement on the status of Reserve Money for the week ending 22nd October 2021.
1. Reserve money increased by ZW$599.62 million to ZW$26.71 billion during the week ending 22nd October 2021, compared to the previous week’s position of ZW$26.11 billion.
2. The increase in reserve money largely reflected increases of ZW$604.42 million and ZW$16.97 million in banks’ liquidity (RTGS balances) at the Central Bank and currency issued, respectively. Partially offsetting the increase was a decrease of ZW$21.77 million in required reserves.