THE Reserve Bank of Zimbabwe (RBZ) issued savings bonds worth $4,99 billion in April to mop-up excess liquidity.
The bank has been escalating open market operations (OMO) by aggressively mopping-up excess liquidity through the issuance of short-term savings bonds to support its conservative monetary targeting framework.
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In an update, the apex bank said reserve money increased by $1,83 billion to $21,90 billion during the week to April 16, 2021, which it attributed to the payment of monthly wages and salaries of civil servants by the gove
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