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RBZ injects more money into circulation

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RBZ injects more money into circulation. According to statistics released last Friday by the central bank, cash in circulation increased to $1.661 billion for the week to June 19, 2020 up from $1.552 billion for the week ending 12 June 2020.

The Reserve Bank of Zimbabwe (RBZ) says it injected approximately $64 million cash into circulation during the week ending June 19, 2020.

The central bank is, however, taking a cautious approach in injecting cash into circulation given the lack of confidence in the market.

Both RBZ governor Dr John Mangudya and Finance Minister Mthuli Ncube have said cash will be injected into the economy on a gradual basis.

Source – Bulawayo24 News

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