Money supply up 9,12 percent

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ZIMBABWE’S broad money increased by 9,12 percent to $3,19 trillion in March 2023, compared to $2,92 trillion recorded in February 2023, the Reserve Bank of Zimbabwe (RBZ) has said.
According to the RBZ’s monthly economic review for March, the increase reflects an expansion of $114,56 billion and $152,19 billion in foreign currency deposits and local currency components respectively.
“The money stock was composed of foreign currency deposits, 58,49 percent; local currency deposits, 41,31 percent; and currency in circulation, 0,20 percent,” RBZ said.