Government domestic borrowing up 30 percent in February


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Government’s domestic borrowing increased by nearly 30 percent to $549.18 million in February compared to the same period last year, latest central bank figures have shown.

Domestic borrowing grew by 28.76 percent from $426.50 million recorded last year, after the apex bank issued $200 million in Treasury Bills to some creditors.

The value of transactions processed through the RTGS system in February fell by 12 percent to $3.2 billion from $3.7 billion recorded in the previous month.

Total value of card based transactions declined to $417.59 million compared to $466.37 million in January.

Mobile and internet-based transactions were also lower at $439.24 million from $465.64 million in the previous month.

Cheque transactions stood at $13.69 million, up from $11.69 million.- The Source

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Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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