24 February 2018
   
ZRP regrets killing two people in Harare
Chamisa acting pres after 6 hour indaba
Sorry Gogo! Mwonzora to Tsvangirai's mom
Visionless Mzembi a glory seeker: ex-aide
Shumba rails at ED ‘mafia’ government
Malema to SA: Learn from Zim blunders
Zanu PF MP books all rally venues till polls
Zanu PF youths shocked Mugabe was ousted
MORE NEWS
Diamond sales: Zim seeks Botswana help
GMB in record 1,5m metric tonnes of cereals
MORE BUSINESS
Mnangagwa: Tuku is our music icon
Zim musician among top world biz leaders
MORE SHOWBIZ
Williams, Zhuwao recalled for Cricket WC ties
Cameroonian coach for Masvingo FC
MORE SPORTS
Morgan Tsvangirai a dear, just leader
New era: Changing Zimbabwe’s past
MORE OPINION
 
Tsvangirai aide farewell to iconic boss
In the aftermath of Tsvangirai's death
MORE COLUMNISTS
 
 

Value of financial transactions up 23pct following bond notes injection

 

15/12/2016 00:00:00
by Source.co.zw
 
Reserve Bank of Zimbabwe head John Mangudya
 
RELATED STORIES

HARARE:The value of transactions processed on Zimbabwe’s National Payment System (NPS) increased from $1,2 billion to $1,5 billion as the volume of transactions went up by 13 percent in the week the Reserve Bank of Zimbabwe (RBZ) introduced bond notes, a report by the central bank has shown.

The central bank on November 28 injected $10 million worth of bond notes into circulation followed by an additional $7 million last week. The notes which trade at par with US dollar are expected to help ease a banknote shortage.

The RBZ has said it will release a total of $75 million worth of bond notes by the end of this year.

Real Time Gross Settlement (RTGS) transactions which accounted for 83,25 percent of the total value of the NPS transactions, increased by 23,25 percent to $1,284 billion in the week to December 2 . Point Of Sale (POS) transactions also increased by 11 percent from $104,97 million to $116,88 million during the week under review.

Mobile transactions increased by 29 percent from $92,28 million to $119,43 million while ATM transactions rose by 23 percent from $16,76 million to $20,61 million.

Cheque transactions, which account for a paltry 0,1 percent of the transactions on the NPS, declined 17,8 percent from $1,65 million to $1,36 million.



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark

 
 
 
comments powered by Disqus
 
RSS NewsTicker