Money supply reaches $438 billion

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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.

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 percent.