US$900 million in cash and bond notes/coins worth US$136 million are circulating in Zimbabwe; but fiscal indiscipline — principally hoarding and externalisation — continues to curtail market liquidity, a Reserve Bank of Zimbabwe study has established.

RBZ data also shows that bank deposits increased from US$6,14 billion in September 2016 to US$6,51 billion last December on the back of reduced grain imports, increased Diaspora remittances and remarkable export growth.