Cash, RTGS gap widens

Cash, RTGS gap widens
Published: 08 August 2017
The gap between cash in circulation and virtual balances is seen widening despite initiatives to boost foreign currency earnings through exports, driven by speculative cash hoarding and the externalization of currency, analysts have warned.

RBZ Governor John Mangudya last week announced that the amount of currency in circulation about $1 billion was enough to support the $1.6 billion held in RTGS balances.
- dailynews
Tags: Cash,

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