RBZ reserve money has increased during the week ended 14 January as compared to the previous weeks position. According to the RBZ the reserve money increased from ZW$ 26.12 billion to ZW$ 27.18 billion, this means they was an increase of ZW$ 1.06 from the previous week.
However, the RBZ pointed out that they was a decline of ZW$118.75 in banks liquidity that is the RTGS balances at the central bank.
Below is the full RBZ update:
1.Reserve money increased by ZW$ 1.06 billion to ZW$27.18 billion during the week ending 14th January 2022, compared to the previous week’s position of ZW$26.12 billion.
2.The growth in reserve money largely reflected an increase of ZW$1.11 billion and ZW$71.93 million in required reserves and currency issued, respectively.
3.Partially offsetting this increase was a decline of ZW$ 118.75 million in banks liquidity (RTGS balances) at the Central bank.Pindula