ECONOMICS & MARKET INTELLIGENCE: The toothpaste tube effect

THE Reserve Bank of Zimbabwe (RBZ) recently published an update indicating that reserve money declined by ZWL1,4 billion to ZW16,1 billion as at the week ending October 23, 2020. The decline reflected a fall of ZWL1,5 billion in banks’ deposits at the RBZ. This was mainly due to foreign currency sales to the market by…

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