Home Business RBZ’s reserve money update as at 12 November 2021

RBZ’s reserve money update as at 12 November 2021

RBZ team

RBZ’s reserve money update as at 12 November 2021. The Reserve Bank of Zimbabwe has said reserve money decreased by ZW$3.91 billion during the week ending 12th November 2021, compared to the previous week’s position of ZW$28.27 billion. Pindula News presents the central bank’s update:

RESERVE MONEY
1. Reserve money decreased by ZW$12.07 million to ZW$28.26 billion during the week ending 12th November 2021, compared to the previous week’s position of ZW$28.27 billion.

2. The fall in reserve money was attributable to declines of ZW$61.95 million and ZW$18.29 million in the currency issued and banks’ liquidity (RTGS balances) at the Reserve Bank, respectively. Partially offsetting the decrease was an increase of ZW$68.17 million in required reserves.

Source – Pindula News

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