ZIMBABWE’S broad money supply, which consists of domestic and foreign currency deposits, rose to $589 billion in March from $506,1 billion, latest data from the Reserve Bank of Zimbabwe (RBZ) shows.
The central bank said the money stock was largely composed of local currency deposits at 52,74 percent and foreign currency deposits at 42,78 percent. Currency in circulation constituted 0,55 percent of total money supply.
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On an annual basis, broad money registered a growth of 151,45 percent, down from 384,02 percent in March 2021.
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