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Reserve Bank of Zimbabwe : Money Update as at 15 October 2021

10/23/2021 | 08:14am EST

UPDATE ON RESERVE MONEY

AS AT 15TH OCTOBER 2021

RESERVE MONEY

  1. Reserve money decreased by ZW$1.94 billion to ZW$26.11 billion during the week ending 15th October 2021, compared to the previous week's position of ZW$28.05 billion.
  2. The decline in reserve money largely reflected a decrease of ZW$2.03 billion in banks' liquidity (RTGS balances) at the Central Bank, partially offset by increases of ZW$72.02 million and ZW$14.63 million in required reserves and currency issued, respectively.
  3. The fall in market liquidity was largely on the back of liquidity mopping up operations by the Bank, through issuance of non-negotiable certificates of deposits (NNCDs).
    Table 1: Reserve Money Developments (ZW$ Billions)

PRELIMINARY ESTIMATES

Week

Week

Week

Mar-21

Apr-21

May-21

Jun-21

Jul-21

Aug -21

Sep -21

Ending

Ending

Ending

01 Oct -21

08 Oct -21

15 Oct -21

Currency

3.15

3.25

3.65

3.90

4.51

4.75

4.77

Issued by

4.81

4.81

4.83

RBZ

Banking

Sector

16.10

19.37

22.57

20.95

20.43

23.74

21.47

23.47

23.24

21.28

Deposits at

RBZ

Statutory

(Required)

5.16

5.73

6.66

7.27

7.86

8.22

9.26

9.26

9.04

9.11

Reserves

Banks'

RTGS

10.94

13.64

15.91

13.68

12.57

15.53

12.22

14.21

14.20

12.17

Liquidity

Other

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Deposits

Reserve

19.25

22.62

26.22

24.84

24.94

28.50

22.24

28.28

28.05

26.11

Money

2

PRELIMINARY ESTIMATES

Week

Week

Week

Mar-21

Apr-21

May-21

Jun-21

Jul-21

Aug -21

Sep -21

Ending

Ending

Ending

01 Oct -21

08 Oct -21

15 Oct -21

Currency

Issued/

Reserve

16.37

14.38

13.92

15.68

18.09

16.67

18.18

17.01

17.16

18.50

Money Ratio

(%)

Currency in

Circulation

1.4

1.3

1.1

1.4

1.4

1.5

1.5

1.2

1.4

1.3

/Deposits

Ratio (%)

Monthly

Change in

-5.24

-0.95

16.62

-14.00

-8.12

23.52

-21.31

4.73

-0.09

-14.29

RTGS

Balances (%)

Monthly

Change in

13.99

0.34

15.89

-5.23

0.40

14.23

-7.90

3.34

-0.80

-6.92

Reserve

Money (%)

Government

Deposits at

15.73

11.38

7.11

12.12

9.56

10.68

13.84

11.88

18.06

17.37

RBZ (Stock)

Monthly

Inflation (%)

2.26

1.58

2.54

3.88

2.56

4.19

4.73

n/a

n/a

n/a

- ZW$ CPI

Monthly

Inflation (%)

1.09

0.94

1.80

4.49

0.67

1.32

1.94

n/a

n/a

n/a

- Blended

Inter-Bank

84.40

84.50

84.73

85.42

85.64

86.06

87.67

Exchange

87.67

88.55

90.08

Rate

3

Disclaimer

Reserve Bank of Zimbabwe published this content on 23 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 October 2021 12:13:06 UTC.


© Publicnow 2021
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