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Home » Money supply declines to $470bln

Money supply declines to $470bln

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ZIMBABWE’S broad money supply, which consists of domestic and foreign currency deposits, declined by 1,03 percent from $475,4 billion in December 2021 to $470,4 billion in January 2022, latest Reserve Bank of Zimbabwe (RBZ) data shows.
In its December 2021 economic review published on Monday, the RBZ said the decrease in money supply was due to a fall in foreign currency deposits, as companies utilised their balances to meet foreign payments obligations.

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The month-on-month decline in broad money, largely reflected the $13,02 billion fall in foreign currency deposits.

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