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Zimbabwe Central Bank hikes forex reserve requirement, raising growth concerns

The Reserve Bank of Zimbabwe has raised the statutory reserve requirement for foreign currency demand deposits from 15 percent to 20 percent, in a move aimed at curbing inflation. Analysts warn the increase could stunt economic growth. In its 2024 Monetary Policy Statement presented last week, the central bank raised the statutory reserve requirement by… ....

Raymond Madziva , Shawn Sakala , Namatai Maeresera , Reserve Bank , Policy Statement ,