Money supply reaches $438 billion

ZIMBABWE’S broad money supply, which consists of domestic and foreign currency deposits, rose to $437,9 billion in November last year, from $417 billion the previous month, latest data from the Reserve Bank of Zimbabwe (RBZ) shows.

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In its November 2021 economic review published recently, the RBZ said the money stock was composed of local currency transferable deposits, 49,55 percent; foreign currency deposits, 41,46 percent, time deposits, 7,58 percent; negotiable certificates of deposits, 0,91 percent; and currency in circulation, 0,50 p

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