RESERVE money fell by $181,07 million to $22,44 billion during the week ending May 7, 2021 as the Reserve Bank of Zimbabwe (RBZ)’s open market operations (OMO) continued.
In its latest update, the apex bank said this movement largely reflected a decrease of $464,85 million in banks’ liquidity (RTGS balances) at the reserve bank, “due to excess liquidity mopping up operations by the bank.
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Reserve Bank of Zimbabwe governor, John Mangudya
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