Omega Ukama 
12
THE Reserve Bank of Zimbabwe (RBZ) insists that it has a handle on money supply, saying the currency volatility seen within the economy recently was caused by “non-monetary factors”.
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It comes as a number of observers have attributed the shocks to money supply growth. RBZ governor John Mangudya said the exchange rate depreciation experienced between April and June reflected elevated demand for foreign currency for store-of-value purposes.
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