Broad money rises to $331 billion

ZIMBABWE’S broad money supply increased by nine percent to $331 billion in July, latest statistics from the Reserve Bank of Zimbabwe show.

Broad money, which is also known as M3, is a measure of the entire stock of money in an economy, including foreign currency deposits.
In its monthly economic report for July published last week, the central bank said M3 at the end of that month was composed largely of local and foreign currency deposits ― 49,16 percent and 42,7 percent, respec