RBZ: Reserve Money Declines Again - 2 July 2021
The Reserve Bank of Zimbabwe (RBZ) recorded a sharp decline in Reserve Money as of the week ending 2nd July 2021 mainly because of a decrease in banks’ liquidity.
In the RBZ’s previous report for the week that ended on 18 June, Reserve Money had fallen by ZW$176.84 million to ZW$23.85 billion.
- RBZ: Reserve Money In Sharp Decline
- Reserve Bank of Zimbabwe: Reserve Money Increase
- RBZ: Reserve Money In Sharp Decline
- DOWNLOAD: RBZ Update On Reserve Money – 30 April 2021
- Reserve Bank Of Zimbabwe: Reserve Money Increase
- RBZ: Reserve Money Update As Of 23 April 2021
- DOWNLOAD: Reserve Bank Of Zimbabwe Reserve Money Update -PDF
- RBZ Update On Reserve Money 6 October 2020
- FBC Bank In Bribery Storm Involving High Court Judge
- CABS Receives Historic €15M Credit Facility From European Investment Bank
- Banks, Pension Funds Shun Tobacco Sector
- Mthuli: USD Depositors To Be Compensated For Exchange Losses
- Zimbabwe Enacts SI 65 of 2020 Which Directs Banks To Pay Interest On Savings Accounts And Fixed Deposits
- New Duty Regime Sharply Reduces Vehicle Imports
Pindula News present the central bank’s statement.
1. Reserve money declined by ZW$917.13 million to ZW$23.53 billion during the week ending 2nd July 2021, largely reflecting a decrease of ZW$1.35 billion in banks’ liquidity (RTGS balances), which was partially offset by increases of ZW$400.36 million and ZW$37.13 million in required reserves and currency issued, respectively.
Latest Samsung Galaxy A05s available on Pindula:
128GB storage, 6GB RAM$148 USD
WhatsApp +263715068543
2. The fall in liquidity was mainly due to payment of taxes for the Quarter ended June 2021, which led to an increase in Government revenue collections. As a result, Government’s deposits at the RBZ rose by ZW$9.15 billion, over the week under review.
More: Pindula News
