No Result
View All Result
Friday, January 27, 2023
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Govt strikes deal with Insurance Association on debt exchange programme

    We must invest in crucial infrastructure to accelerate AfCFTA’s success– Bawumia to African Leaders

    NCCE Chairperson pays courtesy call on BoG Governor

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Accra never sleeps, neither does The Cosmopolitan …The Cosmopolitan now runs 24/7 [ARTICLE]

    Tax on agro inputs a threat to agribusiness and food security – Analysts

    Completely exempt individuals from DDEP over GAB agreement – Senyo Hosi to govt

    Assin State College receives Dano “Inner Strength” Award

    Government and Association of Banks reach agreement on DDEP

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

    Registrar of Companies increases fee for business registration

  • TECHNOLOGY

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

    Telcos ready to begin deactivating unregistered SIMs – Chamber of Telecommunications

    Malagasy delegation completes tour of Ghanaian Fintechs and MFIs

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

    African countries that could follow Sri Lanka into economic chaos

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Govt strikes deal with Insurance Association on debt exchange programme

    We must invest in crucial infrastructure to accelerate AfCFTA’s success– Bawumia to African Leaders

    NCCE Chairperson pays courtesy call on BoG Governor

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Accra never sleeps, neither does The Cosmopolitan …The Cosmopolitan now runs 24/7 [ARTICLE]

    Tax on agro inputs a threat to agribusiness and food security – Analysts

    Completely exempt individuals from DDEP over GAB agreement – Senyo Hosi to govt

    Assin State College receives Dano “Inner Strength” Award

    Government and Association of Banks reach agreement on DDEP

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

    Registrar of Companies increases fee for business registration

  • TECHNOLOGY

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

    Telcos ready to begin deactivating unregistered SIMs – Chamber of Telecommunications

    Malagasy delegation completes tour of Ghanaian Fintechs and MFIs

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

    African countries that could follow Sri Lanka into economic chaos

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

Zimbabwe: Money Supply Increases – RBZ

bycitibusinessnews
September 30, 2016
in Africa, Southern Africa
Share on FacebookShare on TwitterShare on Whatsapp

Zimbabwe’s money supply growth increased by 1,71 percentage points to 14,84 percent in July from 13,13 percent in June due to increased foreign exchange inflows during the tobacco selling season.

According the Reserve Bank of Zimbabwe (RBZ)’s latest monthly economic review, annual growth in money supply was on the back of increases in demand and savings deposits which stood at 31,96 percent and 25,95 percent respectively.

Broad money supply (M3) is a measure of the money in circulation which includes physical currency and demand deposits.

ADVERTISEMENT

Partially offsetting these increases were declines of 15,21 percent and 4,40 percent in under 30-days and over 30-days deposits, respectively.

“In proportions, demand deposits constituted 53,8 percent of total deposits, followed by over 30-days deposits 19,4 percent under 30-days deposits, 14,3 percent and savings deposits, 12,5 percent,” said the RBZ.

As at July 31, US$558,41 million had been realised from the sale of 190,05 million kgs of tobacco.

“On a month-on-month basis, broad money supply declined by 0,05 percent, to US$5,13 billion from US$5,14 billion,” the central bank said.

Banks’ nostro accounts balances stood at US$166 million. The RBZ recently announced plans to inject funds into nostro accounts through a US$215 million facility from international financiers, while a further US$330 million is under negotiations with regional financiers. The central bank expects the move to improve the external payments situation and subsequently boost liquidity in the economy.

Mobile and internet-based transactions values rose to US$709,3 million from US$639,2 million on June 30 2016. Card-based transactions also registered an increase in July owing to the persistent cash shortages as the value of transactions rose by 21 percent to US$406,4 million from US$335,4 million in June.

The value of cheque transactions, however, recorded a 10 percent decline US$9,2 million from US$10,3 million registered in June 2016.

–

Credit: All Africa

Related Posts

Africa

Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

bycitibusinessnews

The African Development Bank Group, will commit $10 billion over the next five years to boost Africa’s efforts to end...

Read more

Nigeria’s national debt hits an all time as the country struggles with repayment

What does 2023 hold? Predictions in payments for the year ahead for Africa

EIU analysts forecast grim economic outlook for Africa in 2023

AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

Next Post

Ghana’s economic outlook still challenging - IMF

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.