UPDATE ON RESERVE MONEY AS OF 24TH DECEMBER 2021
1. Reserve money fell by ZW$126.89 million to ZW$28.25 billion during the week ending 24th December 2021, compared to the previous week’s position of ZW$28.38 billion.
2. The decline in reserve money largely reflected a decrease of ZW$752.05 million in banks’ liquidity (RTGS balances) at the Central Bank, which was partially offset by increases of ZW$612.27 million and ZW$12.89 million in required reserves and currency issued, respectively.
3. Government deposits at the Reserve Bank increased by ZW$5.51 billion, resulting in liquidity withdrawal from the market.