By A Correspondent- The Reserve Bank of Zimbabwe has reported that Banking sector deposits at the central bank increased by ZW$1.4 billion, while currency issued increased by ZW$69.5 million.

This resulted in reserve money rising by ZW$1.1 billion, to ZW$15.4 billion over the week ending 9 October 2020.

Government deposits at the Central Bank declined by ZW$1.7 billion, which had the impact of injecting liquidity at banks, thus contributing to the increase in reserve money during the week under review.

– Reserve-Money