Money supply increases to $506 billion

ZIMBABWE’S broad money supply (M3), which consists of domestic and foreign currency deposits, rose to $506,1 billion in February from $470,4 billion, latest Reserve Bank of Zimbabwe (RBZ) data shows.
In its February economic review published on Monday, the RBZ said the money stock was largely composed of local currency deposits at 54,87 percent and foreign currency deposits at 44,61 percent, while currency in circulation constituted 0,52 percent of total money supply.