{"id":49864,"date":"2021-11-14T17:08:17","date_gmt":"2021-11-14T15:08:17","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=49864"},"modified":"2021-11-14T15:35:27","modified_gmt":"2021-11-14T13:35:27","slug":"rbz-reserve-money-update-as-at-5-november-2021","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/rbz-reserve-money-update-as-at-5-november-2021","title":{"rendered":"RBZ: Reserve Money Update As At 5 November 2021"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>The Reserve Bank of Zimbabwe has said reserve money increased by ZW$3.91 billion during the week ending 5th November 2021, compared to the previous week\u2019s position. The central bank said in a statement:<\/p>\n

1. Reserve money technically increased by ZW$3.91 billion to ZW$28.27 billion during the week ending 5th November 2021, compared to the previous week\u2019s position of ZW$24.36 billion.<\/p>\n

2. The increase in reserve money was necessitated by an increase of ZW$8.77<\/p>\n

billion in required reserves, following the increase in statutory reserve requirement ratios. The Monetary Policy Committee (MPC) meeting of 28th October 2021 raised the statutory reserve ratio on demand and call<\/p>\n

deposits from 5% to 10% to reduce money supply.<\/p>\n

3. Partially offsetting the increase was a decrease of ZW$4.78 billion in banks \u2019liquidity (RTGS balances) at the Central Bank, through issuance of open market operations (OMO) instruments.<\/p>\n

Download the full document click on this link.<\/b><\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. The Reserve Bank of Zimbabwe has said reserve money increased by ZW$3.91 billion during the week ending 5th November 2021, compared to the previous week\u2019s position. The central bank said in a statement: 1. Reserve money technically increased by ZW$3.91 billion to ZW$28.27 billion during the week ending 5th November 2021, compared […]<\/p>\n","protected":false},"author":84,"featured_media":49863,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[1493,2189,1276,653,631,4453,19],"class_list":{"0":"post-49864","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-homepage-english","10":"category-twitter","11":"tag-africa-press","12":"tag-africa-press-zimbabwe-2","13":"tag-mpc","14":"tag-rbz","15":"tag-reserve-bank-of-zimbabwe","16":"tag-reserve-money","17":"tag-zimbabwe"},"yoast_head":"\nRBZ: Reserve Money Update As At 5 November 2021 - zimbabwe<\/title>\n<meta name=\"description\" content=\"The Reserve Bank of Zimbabwe has said reserve money increased by ZW$3.91 billion during the week ending 5th November 202 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reserve-money-update-as-at-5-november-2021\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBZ: Reserve Money Update As At 5 November 2021\" \/>\n<meta property=\"og:description\" content=\"The Reserve Bank of Zimbabwe has said reserve money increased by ZW$3.91 billion during the week ending 5th November 202 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reserve-money-update-as-at-5-november-2021\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-14T15:08:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-14T13:35:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/11\/img-61911085c74d5.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"677\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reserve-money-update-as-at-5-november-2021\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reserve-money-update-as-at-5-november-2021\",\"name\":\"RBZ: Reserve Money Update As At 5 November 2021 - 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