i


APRIL 2021

TABLE OF CONTENTS


March

April

Month-on-
Month Change
(%)
Reserve Money (M0) (ZW$ millions)
19,248.053

22,620.093

17.52
Money Supply2 (M3) (ZW$ millions)
234,278.703

262,082.753

11.87
Annual Inflation1 (%)
240.55
194.07
-46.48a

Blended Annual Inflation1 (%)
122.33
94.70
-27.63a
Monthly Inflation1 (%)
2.26
1.58
-0.68a

Blended Monthly Inflation1 (%)
1.09
0.94
-0.15a
National Payment System Transactions2
(ZW$ billions)
493.57
456.55
-7.50
Nominal Lending Rate2
(% per annum)
6.00-85.00
6.00-85.00

Sources:
1. Zimbabwe National Statistics Agency.
2. Reserve Bank of Zimbabwe.
3. Provisional until audit is completed.
a- Percentage point.
SELECTED ECONOMIC INDICATORS

INTERNATIONAL COMMODITY PRICE
DEVELOPMENTS

During the month of April 2021, international
commodity prices for selected base and precious
metals firmed. Crude oil prices, however,
recorded a marginal decline. Developments on
international commodity markets were largely
influenced by a weaker US dollar and optimism
that Covid-19 vaccine rollouts would drive
global economic recovery.

Precious Metals

Gold
Gold prices rebounded during the month under
review, supported by a weaker US dollar and
subdued
US
Treasury
yields.
These
developments stoked investor appetite for safe
haven assets. The US dollar was weighed down
by the release of US macroeconomic data,
which showed a sharp rise in the US inflation
rate. The monthly average price of the yellow
metal rose by 2.4%, from US$1,719.89 per
ounce in March 2021 to US$1,760.49 per ounce
in April 2021.

Platinum
Platinum prices bounced back to an average of
US$1,208.33 per ounce in April 2021,
representing a 2.3% increase from U$1,180.74
per ounce recorded in March 2021. The rally in
platinum prices was largely underpinned by
prospects
of
robust
industrial
demand,
particularly in the automobile industry where
the precious metal is used in catalytic converters
that curb harmful emissions.

Figure 1 shows the evolution of precious metal
prices for the period from April 2020 to April
2021.

Figure 1: Precious metal prices (US$/oz.)
Source: Bloomberg, 2021

Base Metals

Copper
Copper prices rose by 3.7% to a monthly
average of US$9,334.05 per tonne in the month
under review, from US$9,004.98 per tonne
recorded in March 2021.
Prices firmed on account of a weaker US dollar,
coupled with the push toward cleaner energy
sources, a development which boosted the
consumption of the metal. The red metal is
widely used in almost all important green
energy products such as electric vehicles and
solar power systems.

Nickel
Prospects of stronger demand from the US,
following the recent passing of the Bipartisan
infrastructure plan by the US Senate, boosted
nickel prices. Prices also got support from

Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
US$/oz.
Gold
Platinum

robust demand from China’s stainless steel
industry, occasioned
by
rapid
economic
recovery in that country. In light of these
developments, nickel prices rose by 0.1%, to
close the month under review at an average of
US$16,478.20 per tonne.

Figure 2: Base metal prices (US$/ton)
Source: Bloomberg, 2021

Brent Crude Oil
Brent crude oil prices retreated by 0.3% to an
average of US$65.41 per barrel in April 2021,
from US$65.63 per barrel in March 2021. The
decline was due to demand concerns, amid
rising new positive cases of the emerging
Covid-19 Delta variant. The decline was
however, capped by a sharp drop in crude oil
production in the US, as well as tightening of
supplies by major producers.

Figure 3 shows developments in Brent crude oil
prices for the period from April 2020 to April
2021.


Figure 3: International crude oil prices
(US$/barrel)

Source: Bloomberg, 2021


MERCHANDISE
TRADE
DEVELOPMENTS

The month of April 2021 saw the country’s total
merchandise trade amount to US$934.5 million,
representing a 5.6% decline from the previous
month outturn of US$989.8 million. Declines in
both
merchandise
exports
and
imports
underpinned the slowdown in total merchandise
trade. On a year- on- year basis, however, total
merchandise trade for the month under review
was 119.6% higher than the US$425.5 million
recorded in the corresponding month in 2020.

Merchandise Exports

The country’s merchandise exports at US$444.7
million, reflected a 3.7% decline from the
previous month outturn of US$461.8 million.
Compared to the month of April 2020,
merchandise exports for the month under
analysis were 121.8% higher.


Apr-20
Jun-20
Aug-20
Oct-20
Dec-20
Feb-21
Apr-21
Nickel US$/ton
Copper US$/ton
Copper
Nickel (RHS)

Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
US$/barrel

Figure 4 shows developments in the country’s
merchandise trade for the month under review.

Figure 4: Merchandise Exports (US$ m)

Source: ZIMSTAT, 2021


The fall in monthly exports in April 2021 was
largely due to declines in exports of industrial
diamonds (58.1%), Ferro-chrome (17%) and
PGMs (16.5%). Tobacco exports at US$44.5
million were, however, 61.6% up from US$27.6
million recorded in the previous month.
Similarly, gold exports posted a significant
increase of 35.3% from US$76.3 million in
March 2021 to US$103.3 million, during the
month under review.

Table 1 shows exports classified by harmonised
commodity description and code system, for the

1 PGMs include nickel mattes, nickel ores & concentrates
and platinum
months of March and April 2021, respectively.
Table 1: Exports Classified by Harmonised
Commodity Description and Code System
Commodity

Mar-21
Apr-21
Share in
Apr 2021
Exports (%)
Total Exports
461.8
444.7
100.0
Of Which:


Platinum
Group
of
Metals (PGMs1)
263.5
219.9
49.5
Gold
76.3
103.3
23.2
Tobacco
(including
cigarettes)
27.6
44.5
10.0
Ferro-chromium
29.2
24.2
5.4
Industrial diamonds
21.7
9.1
2.0
Coal
4.9
5.5
1.2
Chromium ores and
concentrates
3.1
4.7
1.1
Ferro-silicon
1.5
1.9
0.4
Granite
1.4
1.7
0.4
Black tea
2.1
1.6
0.4
Source: ZIMSTAT & RBZ Calculations, 2021

During the month of April 2021, the country’s
exports were mainly destined for the SADC
region, with South Africa absorbing 39.7%,
followed by Mozambique, 8.2% and Zambia,
1.1%. The United Arab Emirates accounted for
25.3% of the country’s exports, during the
month under analysis.
Figure 5 shows the country’s major export
markets, during the month of April 2021.

Figure 5: Top Ten Merchandise Export
Destinations (% Share)

Source: ZIMSTAT & RBZ Calculations, 2021

Merchandise Imports

Merchandise imports eased by 7.2%, from
US$528.0 million in March 2021 to US$489.9
million in April 2021. The country’s import bill
for the month under review was, however,
117.2% higher than that of the comparable
month in 2020.
Figure 6 shows the evolution in the country’s
imports for 2020 and 2021.


Figure 6: Merchandise Imports classified by
HS Codes 2020 & 2021 (US$ m)

Source: ZIMSTAT & RBZ Computations, 2021
The decline in imports in April 2021 was largely
driven by slowdowns in imports of maize, crude
soya bean oil and electricity. Maize imports
slumped largely on account of the current year’s
bumper harvest estimated at 2.7 million metric
tonnes. The general improvement in hydroelectricity generation, following rising dam
levels, accounted for the fall in the country’s
energy import bill.

Table 2 shows imports of major commodities
for the months of March and April 2021,
respectively.


South Africa
United Arab Emirates
Mozambique
Zambia
Botswana
United Republic of
Tanzania
Netherlands
Malawi
United Kingdom
United States

Table 2: Imports Classified by Harmonised
Commodity Description and Code
System
Commodity
Mar 21
US$ m
Apr 21
US$ m
Share in
Apr

Imports
(%)
Total Exports
528.0
489.9
100.0
Of Which:


Diesel
23.6
24.4
5.0
Maize
(Excluding Seed)
27.1
14.6
3.0
Crude soya bean
oil
16.9
13.9
2.8
Medicaments
10.8
13.2
2.7
Electricity
11.7
8.9
1.8
Machinery
0.6
8.8
1.8
Road tractors
7.9
8.3
1.7
Rice
6.9
7.4
1.5
Vaccines
18.6
6.5
1.3
Unleaded petrol
5.4
5.9
1.2
Source: ZIMSTAT & RBZ Calculations, 2021
The country’s imports for the month of April
2021 were mainly sourced from South Africa
(46.1%), China (17.0%), Singapore (6.7%),
Mozambique (3.7%), Zambia (2.8%), India
(2.7%) and other markets, as shown in Figure 7.


Figure 7: Top Ten Merchandise Import
Sources (% Share)

Source: ZIMSTAT & RBZ Calculations, 2021

Merchandise Trade Balance

The country’s trade balance improved from a
deficit of US$66.2 million in March 2021 to a
deficit of US$45.2 million in April 2021. This
was on account of the marked decline in imports
relative to exports. Figure 8 shows the country’s
trade balance for the period from January 2020
to April 2021.


South Africa
China
Singapore
Mozambique
Zambia
India
Mauritius
United Kingdom
United Arab Emirates
Denmark

Figure 8: Merchandise Trade Balance
(US$ m)

Source: ZIMSTAT & RBZ Computations, 2020

On an annual basis, the country’s trade balance
worsened from a deficit of US$25.5 million in
the corresponding month in 2020, to a deficit of
US$45.2 million, during the month under
review.

MONETARY DEVELOPMENTS2

Broad money (M3) stood at ZW$262.08 billion
in April 2021, an increase of 11.87% from
ZW$234.28 billion recorded in March 2021.
The M3 stock was composed of local currency
transferrable deposits, 48.57% of total; foreign
currency deposits, 44.94%, time deposits,

2All monetary numbers valued in ZW$ since the adoption
of an interbank market determined exchange rate in
February 2019.
5.23%; currency in circulation, 0.69%; and
negotiable certificates of deposits, 0.57%.
Foreign currency deposits included in broad
money recorded an annual growth of 409.68%,
from ZW$19.46 billion in April 2020 to
ZW$117.77 billion in April 2021. The increase
partly reflected valuation changes owing to
exchange rate movement. The exchange rate
moved from a fixed rate of ZW$25.00 per US$1
in April 2020 to ZW$84.50 per US$1 in April
2021, following the introduction of the auction
system.
On an annual basis, local currency deposits
registered a growth of 343.74%, while currency
in circulation increased by 73.78%.
Figure 9: Composition of Money Supply

Source: Reserve Bank of Zimbabwe, 2021

The annual broad money growth of 404.15% in
April 2021, largely reflected an increase of

Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
Exports
Imports
Trade Balance
Local
Currency
Transferable
deposits
48.57%
Foreign
Currency
Deposits
44.94%
Time
Deposits
5.23%
Currency in
Circulation
0.69%
NCDs
0.57%

548.26% in credit to the private sector. Net
claims on Government also rose by 172.91%.
On a month-on-month basis, domestic claims
increased by 20.63% to ZW$149.91 billion. The
growth was largely driven by growth in net
claims to Government, 46.16%; and credit to the
private sector, 14.07%.
Credit to the private sector was mainly extended
towards
agriculture,
31.87%;
households,
14.73%;
financial
organisations,
12.26%;
distribution, 12.10%; manufacturing, 10.79%;
and mining, 8.80%; as shown in figure 10.
Figure 10: Distribution of Private Sector Credit
Source: Reserve Bank of Zimbabwe, 2021

Credit to the private sector was largely
channeled towards inventory build-up, 38.15%;
other recurrent expenditures, 29.14%; and fixed
capital investment, 18.58%.


STOCK MARKET DEVELOPMENTS

The bullish sentiments exhibited on the
Zimbabwe Stock Exchange (ZSE) continued
during the month ended April 2021. Resultantly,
all major indices registering gains for the sixth
consecutive month.

The All Share, Top 10, Top 15 and Medium Cap
indices gained 3.38%, 2.53%, 1.71% and 5.36%
to close at 4 641.11 points, 2 660.37 points, 3
023.66 and 11 330.52 points, respectively. The
resource index, however, shed 4.78% to close at
5 061.28 points.

Figure 11: Zimbabwe Stock Exchange All
Share and Top 10 Indices

Source: Zimbabwe Stock Exchange, 2021


Households
14.73%
Agriculture
31.87%
Mining
8.80%
Manufacturing
10.79%
Distribution
12.10%
Construction
0.68%
Transport &
Communicati
ons
2.18%
Services
6.56%
Financial Org.
& Investments
12.26%
Other


30-Apr-20
31-May-20
30-Jun-20
31-Jul-20
31-Aug-20
30-Sep-20
31-Oct-20
30-Nov-20
31-Dec-20
31-Jan-21
28-Feb-21
31-Mar-21
30-Apr-21
All Share Index
Top 10 Index
Mining Index

On an annual basis, the All Share, Top 10 and
mining indices gained 849.88%, 569.81% and
512.27%, from 488.60 points, 397.18 points and
826.64
points
recorded
in
April
2020,
respectively.

During the month under analysis, trading
activity was skewed towards some selected midcap and low-tier stocks. As a consequence, the
cumulative value of shares traded declined by
31.90% to ZW$3.08 billion, despite an increase
of 9.75% in the volume of shares traded to
223.49 million shares.

Figure 12: ZSE Monthly Volumes and Values
Traded

Source: Zimbabwe Stock Exchange, 2021
As a result of improved trading activity, the
local bourse gained $9 billion, or 1.69% worth
of capitalization, to ZW$540.75 billion as at end
of April 2021. On a year-on-year basis, local
bourse capitalization increased by 753.07%,
from ZW$63.39 billion recorded in April 2020.

3The Zimbabwe National Statistical Agency (ZIMSTAT)
commenced publication of the blended CPI inflation in June
2020. The blended CPI inflation combines the average changes
INFLATION OUTTURN

Annual Inflation

The country continued on the disinflationary
path which began in July 2020, with annual
headline inflation decelerating further to
194.07% in April 2021, from 240.55% in March
2021. The slowdown in annual inflation was
largely attributed to the decline in food inflation.

Annual food inflation shed off 83.21 percentage
points, from 299.81% in March 2021 to
216.60% in April 2021, following a good
harvest.
Year-on-year
non-food
inflation
decelerated from 206.00% in March 2021 to
178.93% in April 2021.

The annual blended CPI inflation3 slowed down
for the third consecutive month, from 162.95%
in February 2021 to 122.33% in March 2021 and
further to 94.70% in April 2021.

Monthly Inflation

The ZW$ monthly inflation slowed down to
1.58% in April 2021, from 2.26% and 3.45%
recorded in March 2021 and February 2021,
respectively.
The deceleration in monthly inflation was due to
declines in all food sub-categories, except bread
and cereals and meat. Monthly non-food
inflation also fell from 2.06% in March 2021 to
1.53% in April 2021.
in price of goods and services sold in the two main currencies in
circulation, namely the ZW$ and the US$.


Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
Values Traded (ZW$ millions)
Volumes Traded (milions)
Volume
Turnover

The slowdown in monthly non-food inflation
was driven by declines in communication;
health; alcoholic beverages and tobacco;
housing, water and energy; and recreation and
culture, among others. Partially offsetting the
declines were price increases in education and
clothing and footwear.
The blended monthly inflation rate decelerated
from 1.09% in March 2021 to 0.94% in April
2021, as shown in Figure 13.
Figure 13: Month-on-Month Inflation (%)

Source: ZIMSTAT, 2021

NATIONAL PAYMENTS SYSTEM

During the month of April 2021, the value of
transactions processed through the National
Payments
System
(NPS)
amounted
to
ZW$456.55 billion, from ZW$493.97 billion
recorded in March 2021. NPS transaction
volumes increased by 7.19% to close at 115.04
million in April 2021.
Zimbabwe Electronic Transfer Settlement
System (ZETSS)

Transactions processed through the Real Time
Gross Settlement System (RTGS) were 9.82%
lower, to close at ZW$288.96 billion in April
2021, from ZW$320.42 billion March 2021.
RTGS
transaction
volumes
at
951,673
transactions, reflected a 14.48% decline from
1,112,804
transactions
recorded
in
the
preceeding month.
Figure 14: ZETSS Volumes and Values

Source: Reserve Bank of Zimbabwe, 2021

Cash Transactions

Cash based transactions totalled ZW$11.11
billion during the month of analysis, a 8.18%
increase from ZW$10.27 billion recorded in
March 2021.
Mobile and Internet Based Transactions

Mobile
and
internet-based
transactions
registered an increase of 2.84% to close at
ZW$134.71 billion in April 2021, from
ZW$130.99 billion in March 2021.
Card Based Transactions

During the month under review, Card-based
transactions increased by 3.11% to close at

Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
Food
Non-Food
Overall


Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
Value in ZW$ Billions
Volume in Thousands
Volume
Value

ZW$32.88 billion, from ZW$31.89 billion in
the previous month.

RESERVE BANK OF ZIMBABWE

Statistical Tables

Monetary Statistics
1. Depository Corporations Survey

2. Central Bank Survey

3. Other Depository Corporations Survey

Other Depository Corporations

4.1 Assets

4.2 Liabilities

Commercial Banks
5.1 Assets

5.2 Liabilities

Building Societies
6.1 Assets

6.2 Liabilities

Sectoral Analysis of Bank Loans and Advances and Deposits

7.1 Sectoral Analysis of Commercial Banks Loans and Advances

7.2 Sectoral Analysis of Commercial Banks Deposits

Interest Rates

8.1 Lending Rates

8.2 Banks Deposit Rates

Inflation

9.1 Monthly Inflation

9.2 Yearly Inflation

External Statistics

10. Total External Debt Outstanding by Debtor

11. Exchange Rates

12. Zimbabwe Stock Market Statistics

13. National Payments System Statistics


13.1 Values of Transactions

13.2 Volumes of Transactions

14. Merchandise Trade Statistics

TABLE 1: DEPOSITORY CORPORATIONS SURVEY ($'000)
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
Net Foreign Assets

Central Bank(net)

Foreign Assets

Foreign Liabilities

Other Depository Corporations(net)

Foreign Assets

Foreign Liabilities

Net Domestic Assets (NDA)

Domestic Claims

Claims on Central Government(net)

Claims on Central Government

Central Bank

ODCs

Less Liabilities to Central Government

Central Bank

ODCs

Claims on Other Sectors

Other Financial Corporations

State and Local Government

Public Non Financial Corporations

Private Sector

Central Bank

ODCs

Other Items(Net)
-108,457,657.69 -117,412,003.72 -283,986,230.81 -381,705,468.53 -407,214,233.87 -407,712,767.45 -416,421,280.93 -418,553,646.30 -420,531,764.21 -440,611,441.66 -438,913,696.40 -437,308,745.22 -431,443,651.46
Shares and Other Equity

Liabilities to Other Financial Corporations

Restricted Deposits

Deposits and Securities Excluded from Base Money

Other Items(net)

Broad Money-M3

Securities Other than Shares Included in Broad Money

Broad Money-M2

Other Deposits

Narrow Money-M1

Transferable Deposits

Of which Foreign Currency Accounts

Currency Outside Depository Corporations

Memorandum Items
Reserve Money

FCAs as a Percentage of Deposits in M3

End Period Exchange Rate

Source: Reserve Bank of Zimbabwe, 2021
Notes:
(i) Depository corporations survey - formerly Monetary Survey.
(ii) Broad money redefined using IMF's Monetary and Financial Statistics Manual of 2000. Major changes include exclusion of Government deposits held by banks from broad money.
(iii) Transferable deposits made up of demand and savings deposits.
(iv) NCDs are also referred to as securities included in broad money.
(v) All classes of time deposits, short and long term are classified as time deposits, which are also termed other deposits.
(vi) Credit to the private sector now excludes claims on other financial corporations, as well as claims on state and local government (local authorities)
(vii) Depository corporations made up of the Central Bank and other depository corporations
(viii) Other depository corporations (ODCs) - Commercial banks, merchant banks, building societies and POSB.
(ix) In December 2017, the statistics were adjusted in restrospect by reclassifying Securities issued under Aftrades from claims on government to claims on central bank
(x) In December 2017, the statistics were adjusted in restrospect by reclassifying amounts accessed by banks under the Aftrades from liabilities to Other Depository corporations and Other Financial Corporations to liabilities to Central Bank
(xi) In December 2018, statistics were revised from November 2017 due to reclassification of lines of credit (foreign liabilities) that were initially classified as deposits included in broad money
(xii) All monetary and financial statistics are valued in ZWL$ since the introduction of the interbank foreign exchange market in February 2019

Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
Net Foreign Assets
-104,544,431.97 -114,377,001.26 -275,623,563.54 -366,357,650.73 -391,303,802.50 -386,104,783.47 -398,503,742.75 -398,165,536.09 -392,036,907.50 -406,631,588.87 -411,000,792.44 -404,663,451.67 -402,310,198.93
Claims on Non Residents

Official Reserves Assets

Other Foreign Assets

Less Liabilities to Non Residents

Short Term Liabilities

Other Foreign Liabilities*

of which blocked funds

Net Domestic Assets (NDA)

Domestic Claims

Net Claims on Central Government

Claims on Central Government

Of which: Securities Other than Shares

Loans

Loans and Advances

Legacy Debt

Export Incentives

Less Liabilities to Central Government

Of which: Deposits

Other

Claims on Other Sectors

Other Financial Corporations

State and Local Government

Public Non Financial Corporations

Private Sector

Claims on Other Depository Corporations

Of which: Loans

Other Liabilities to ODCs

Of which: Aftrades Balances

Securities

Other Items(Net)
-114,986,959.06 -125,482,666.85 -295,508,852.17 -397,084,920.55 -427,953,446.54 -425,725,999.11 -429,887,129.29 -440,784,407.01 -443,273,555.40 -459,415,237.58 -470,268,174.72 -474,455,170.78 -466,387,761.43
Shares and Other Equity

Other Items(Net)

Liabilities to Other Resident Sectors

Deposits and Securities Excluded from Base Mon

Monetary Base Incl. foreign currency clearing balances
Monetary Base

Bond Coins

Bond Notes

Liabilities to ODCs

Reserve Deposits

Exess reserves

Private Deposits

Source: Reserve Bank of Zimbabwe,2021
Provisional until audit is completed
NB: * Other Foreign Liabilities include blocked funds amounting to USD2.2 billion assumed by the Central Bank on behalf of Government.
TABLE 2: CENTRAL BANK SURVEY ($'000)

TABLE 3 : OTHER DEPOSITORY CORPORATIONS SURVEY ( $ '000)
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
Net Foreign Assets

Claims on Non Residents

Of Which: Foreign Currency

Deposits

Other

Less Liabilities to Non Residents

Of Which: Deposits

Loans

Other

Net Domestic Assets (NDA)

Domestic Claims

Net Claims on Central Government

Claims on Central Government

Securities

Loans

Other
-

-

-

-

-

-

-

-

-

-

-

-


Less Liabilities to Central Government

Of which: Deposits

Other

Claims on Other Sectors

Other Financial Corporations

State and Local Government

Public Non Financial Corporations

Private Sector

Claims on the Central Bank

Currency

Reserves

Securities

Other Claims

Liabilities to the Central Bank

Other Items(Net)

Shares and Other Equity

Liabilities to other ressident sectors

Other Items(Net)

Deposits and Securities Included in Broad Money

Deposits Included in Broad Money
49,685,009.94

57,713,065.69

97,187,347.86

127,237,814.07

140,284,498.63

147,593,137.33

161,784,545.97

179,622,031.80

200,965,243.38

217,355,104.75

222,450,885.44

229,411,015.11

257,454,072.92

Transferable Deposits
47,162,154.77

54,870,283.47

93,169,652.47

121,190,660.19

134,852,887.37

140,657,703.75

153,387,406.86

170,624,218.30

191,058,398.68

206,003,627.38

208,504,172.16

215,242,961.41

243,752,296.92

of which FCAs
19,463,088.16

24,984,322.48

57,701,775.14

79,076,606.18

82,607,196.16

88,430,395.05

91,944,864.16

100,147,096.67

102,824,762.68

108,386,216.00

109,466,728.50

114,435,612.97

117,724,886.45

Other Deposits

Money Market Instruments
337,556.97

359,194.93

863,206.40

1,024,311.11

1,111,664.44

1,083,907.10

1,231,944.90

1,237,340.99

1,436,202.84

1,422,437.87

1,457,355.54

1,641,213.33

1,503,791.55

Source:Reserve Bank of Zimbabwe,2021

Foreign
TOTAL
End of
Notes
Bond
&
Balances
Balances with
Balances
Other Claims
Local
Other
Notes &
Coin
with
Other Depository
with
on

Local
Governemt
Other2
Government
Local
Public
Institutional
Other cliams
Contigent Assets
Other Assets
Non Financial
Coins
RBZ
Corporations
Foreign Banks
Non-residents
Securities
securities
Government
Enterprises
Units
Assets

Jan
23.4

66.9

2,528.5

291.2

111.9


Feb
20.0

46.8

2,516.8

347.6

114.2


Mar
16.7

57.9

2,457.7

312.8

139.2


Apr
14.9

61.9

2,423.5

337.0

120.8


May
14.2

71.7

2,543.0

477.8

138.6


Jun
9.0

58.5

3,081.0

509.8

120.0


Jul
20.6

61.9

3,450.6

466.4

111.6


Aug
23.1

72.3

3,475.7

377.8

105.3


Sep
18.2

61.5

3,781.6

398.1

159.1


Oct
39.9

70.4

3,771.3

368.3

185.5


Nov
30.6

84.6

3,696.3

300.6

209.8


Dec
20.5

94.5

3,949.5

439.6

235.5


Jan
49.0

113.4

3,901.0

401.9

261.6


Feb
59.7

256.8

3,764.8

357.1

570.4


Mar
62.5

263.2

3,891.0

432.9

739.3


Apr
45.2

363.5

4,153.9

578.9

1,031.9


May
98.7

484.2

4,089.2

694.1

1,890.1


Jun
126.3

882.2

4,518.6

560.2

2,383.0


Jul
232.4

968.8

5,605.6

370.4

3,738.0


Aug
184.4

1,150.4

7,956.5

527.8

3,904.2


Sep
124.5

2,108.5

9,128.1

874.0

5,678.3


Oct
144.3

1,906.0

11,613.0

2,511.0

7,644.9


Nov
128.8

2,243.1

11,417.7

2,236.3

8,417.4


Dec
169.8

2,526.2

13,994.1

1,254.7

8,415.7


Jan
183.4

3,176.6

13,217.3

1,073.2

8,142.0


Feb
267.1

3,136.4

13,817.0

1,504.5

8,642.5


Mar
263.6

3,607.6

16,167.1

2,214.4

12,681.9


Apr
298.5

3,642.9

17,926.4

1,523.3

13,697.1


May
330.0

3,581.8

21,376.4

1,749.6

15,757.4


Jun
606.6

9,584.7

29,457.9

3,974.7

35,786.5


Jul
690.8

18,357.0

54,139.7

5,578.7

42,159.7


Aug
975.1

28,776.0

54,868.5

4,623.1

41,100.2


Sep
1,084.2

30,217.6

56,679.6

4,426.6

39,530.8


Oct
1,064.2

32,235.0

66,948.5

4,457.3

40,092.7


Nov
1,063.6

34,673.9

73,237.2

4,211.3

41,173.6


Dec
1,177.8

39,886.8

76,076.5

5,771.7

38,623.2


Jan
1,483.3

42,733.9

77,994.4

13,109.2

40,071.8


Feb
1,735.4

41,180.7

76,140.3

17,748.1

39,141.4


Mar
1,457.1

40,953.3

83,032.1

6,945.5

42,516.8


Apr
1,699.7

40,964.4

85,330.2

6,844.8

49,733.4


Source:Reserve Bank of Zimbabwe,2021
Notes
1.Government securities includes treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households and other financial corporations.
Public
Enterprises
TABLE 4.1: OTHER DEPOSITORY CORPORATIONS -ASSETS
$ millions
Debt Securities
Loans and Advances

Debt Securities
Foreign Liabilities
Capital
Contigent
Other
TOTAL
and
Liablities
Liablities
End of
Demand
Savings
Time Deposits
Total Deposits
Other Depository
Government
Total
RBZ
Other Depository Other Finacial
Reserves
from the public
Corporations
Corporations
Corporations

Jan

Feb

Mar

Apr

May

June

July

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

Source:Reserve Bank of Zimbabwe,2021
TABLE 4.2 : OTHER DEPOSITORY CORPORATIONS - LIABILITIES
Deposits
Amounts Owing to
$ millions

TOTAL
End of
Foreign
Bond
Notes
Balances
Balances with
Balances
Other Claims
Local
Public
Other
Contigent
Non Financial
Notes &
&
with
Other Depository
with
on
Government1
Local Governemt
Public Enterprises
Other2
Government
Government
Enterprises
Institutional Units3
Other claims
Assets
Other Assets
Assets
Coins
Coin
RBZ
Corporations
Foreign Banks
Non-residents
Securities
securities

Jan
22.40

64.10

2,294.49

192.08

103.42

81.91

2,143.23

-

23.45

65.90

26.32

20.59

154.85

2,451.11

28.68

500.96

294.22

538.92

9,006.6

Feb
18.34

43.97

2,296.76

223.72

108.28

96.17

2,109.34

-

23.45

66.10

24.29

21.11

145.03

2,461.49

28.67

507.82

290.62

536.35

9,001.5

Mar
14.81

53.62

2,238.77

240.67

124.48

99.51

2,164.00

-

23.45

66.69

19.16

15.90

127.10

2,535.82

30.40

504.13

325.78

552.34

9,136.6

Apr
13.47

56.67

2,207.91

274.97

116.75

78.50

2,314.90

-

24.75

66.97

13.44

20.89

120.77

2,519.81

28.31

531.98

298.96

554.95

9,244.0

May
12.85

62.77

2,308.95

339.50

130.13

85.74

2,562.36

-

24.97

66.94

8.44

20.88

134.01

2,556.25

23.90

458.93

307.90

555.31

9,659.8

June
7.48

52.61

2,848.51

331.76

117.26

84.05

2,538.32

-

26.19

66.55

7.44

19.43

196.00

2,662.21

25.46

551.39

302.93

563.41

10,401.0

July
17.85

54.25

3,189.62

281.13

109.31

95.43

2,949.15

-

-

67.49

4.51

21.01

181.99

2,414.59

26.03

611.36

322.53

565.15

10,911.4

Aug
21.01

67.83

3,196.71

232.34

102.46

66.26

3,014.90

-

-

67.29

7.05

20.62

186.74

2,490.99

29.82

647.67

329.42

566.33

11,047.4

Sep
16.25

58.19

3,487.91

305.30

137.84

78.01

2,789.78

-

45.21

68.09

5.42

20.39

212.17

2,577.06

36.68

637.41

357.43

571.83

11,405.0

Oct
33.06

67.98

3,505.83

272.14

173.15

51.45

2,728.83

-

45.21

68.41

4.59

9.35

188.83

2,697.37

38.71

647.52

353.24

569.20

11,454.9

Nov
25.84

81.42

3,384.38

264.64

198.18

63.91

2,793.90

-

45.21

68.65

6.99

8.13

217.69

2,672.32

46.06

633.21

406.55

569.81

11,486.9

Dec
18.17

89.91

3,736.98

317.34

224.44

74.84

2,633.69

-

43.37

69.16

6.20

9.18

204.31

2,707.60

53.75

573.76

406.16

633.85

11,802.7

Jan
42.05

106.91

3,766.70

338.09

249.77

46.14

2,621.20

-

61.02

68.66

4.41

8.06

189.15

2,594.53

33.84

517.24

428.82

649.94

11,726.5

Feb
52.63

238.67

3,601.94

293.36

549.59

205.65

2,675.29

-

60.52

2.00

5.84

7.71

208.31

2,784.17

31.04

490.74

472.78

696.82

12,377.1

Mar
59.17

244.62

3,729.81

393.22

712.08

55.05

2,635.68

-

61.52

4.53

4.27

9.53

340.66

2,660.90

25.33

523.72

755.57

971.53

13,187.2

Apr
40.82

331.97

3,876.83

492.10

981.80

91.75

2,590.97

-

61.79

3.95

3.98

9.62

407.85

2,721.57

24.55

620.52

935.27

1,002.47

14,197.8

May
94.59

444.70

3,886.07

571.50

1,747.69

154.08

2,508.43

-

62.12

4.20

3.93

9.43

636.78

3,056.86

34.46

910.14

1,832.95

1,142.77

17,100.7

Jun
119.69

810.71

4,104.17

413.18

2,244.98

538.88

2,596.97

-

63.09

6.62

3.89

8.73

929.36

3,667.45

37.02

1,606.53

1,374.23

1,621.33

20,146.8

Jul
224.75

791.31

5,081.19

275.44

3,602.89

801.93

2,640.55

-

103.36

5.49

2.18

9.00

164.58

4,043.75

32.65

1,587.68

1,873.44

1,722.66

22,962.9

Aug
178.74

1,054.06

7,123.10

461.83

3,778.75

1,050.74

3,106.90

-

103.86

6.78

1.04

9.21

212.50

4,430.78

37.42

2,614.64

1,744.16

1,989.27

27,903.8

Sep
108.51

1,915.41

8,246.09

676.17

5,563.16

1,575.75

3,240.85

-

26.96

6.47

1.37

9.40

187.53

4,993.71

42.30

3,707.80

3,074.10

2,440.63

35,816.2

Oct
138.01

1,702.35

10,537.81

2,437.08

7,376.80

906.98

3,416.23

-

27.05

5.29

1.15

7.94

254.84

5,859.32

41.94

4,081.09

1,658.19

2,434.21

40,886.3

Nov
113.92

2,078.54

10,430.55

2,073.35

7,977.27

940.70

3,737.72

-

27.15

11.83

1.37

8.74

248.79

7,670.96

42.07

3,148.28

1,627.27

3,059.40

43,197.9

Dec
158.44

2,300.01

12,821.54

934.73

7,898.48

1,984.08

3,716.31

-

24.75

20.65

1.33

8.11

268.61

8,976.00

61.84

4,867.67

2,740.16

6,935.56

53,718.3

Jan
165.80

2,845.62

12,018.43

708.00

7,706.57

1,811.38

4,029.43

-

125.52

14.97

5.11

12.17

326.11

10,766.91

77.59

2,965.93

3,395.90

8,058.15

55,033.6

Feb
251.70

2,756.57

12,731.97

889.16

8,264.76

1,532.87

3,877.19

-

117.45

13.99

5.15

11.56

329.47

11,656.91

88.37

5,441.70

11,907.90

8,653.69

68,530.4

Mar
242.41

3,063.92

14,545.58

1,948.14

12,381.17

2,497.47

4,373.76

-

0.08

20.23

4.39

11.39

765.82

14,041.67

127.46

7,917.31

5,718.53

9,244.62

76,904.0

Apr
263.29

3,147.75

16,673.44

1,287.51

13,285.14

3,056.32

4,235.96

-

0.08

18.39

4.47

9.75

834.72

14,864.30

129.90

7,642.80

6,534.14

9,703.93

81,691.9

May
284.33

3,144.57

19,827.46

1,553.68

15,003.29

3,130.38

4,160.50

-

0.12

45.79

4.53

9.61

768.01

17,762.27

143.44

7,042.04

6,012.40

9,845.09

88,737.5

Jun
515.11

8,372.39

26,368.55

3,570.85

34,550.44

7,527.46

5,841.98

-

0.12

90.14

4.29

9.41

2,010.79

26,638.87

215.56

24,299.33

14,590.26

18,983.05

173,588.6

Jul
577.99

16,536.53

49,470.13

4,219.81

40,259.84

11,399.93

6,357.84

-

-

74.57

4.33

12.61

1,025.78

33,054.99

229.06

28,551.07

10,247.64

19,646.49

221,668.6

Aug
821.16

26,519.73

49,165.59

4,265.44

38,763.72

14,219.24

6,484.68

-

-

39.07

14.05

14.74

1,046.29

38,741.31

231.00

25,354.64

9,460.49

19,961.16

235,102.3

Sep
891.26

27,646.41

51,169.67

3,898.65

38,420.20

14,126.83

6,354.19

-

-

107.40

9.61

22.30

1,050.38

41,088.91

228.95

28,289.36

17,608.70

19,375.08

250,287.9

Oct
896.48

29,309.79

60,589.19

3,602.58

38,877.31

13,530.74

7,763.97

-

20.06

109.83

17.57

22.18

1,019.00

48,440.92

268.07

29,764.70

15,978.22

19,616.63

269,827.2

Nov
919.42

31,596.89

67,899.10

3,494.87

39,693.38

14,134.74

7,098.29

-

0.02

110.37

20.00

16.81

1,269.94

54,496.74

259.90

29,821.16

16,683.48

19,526.70

287,041.8

Dec
1,019.76

36,507.59

70,392.07

4,949.48

37,346.17

10,803.58

9,985.57

-

-

1.18

23.30

26.76

1,269.01

62,953.03

718.16

29,608.01

12,793.91

28,230.82

306,628.4

Jan
1,237.43

39,565.64

71,463.64

12,288.89

39,092.85

10,921.99

8,281.80

-

-

1.18

16.67

18.01

1,264.28

71,090.96

718.83

25,036.22

12,333.21

32,123.11

325,454.7

Feb
1,320.27

38,100.03

69,341.48

16,867.76

38,108.83

6,341.39

12,518.15

-

-

1.26

24.15

22.69

1,493.66

77,324.34

774.89

28,339.17

15,953.14

33,612.14

340,143.4

Mar
1,244.16

38,369.53

76,479.44

5,317.61

41,401.24

8,733.65

15,889.61

-

19.21

34.56

15.17

21.67

1,309.75

80,607.03

878.97

32,908.13

19,302.34

30,861.86

353,393.9

Apr
1,430.83

38,008.89

79,592.64

5,639.40

48,564.03

7,679.05

18,267.01

-

19.23

62.89

19.86

12.71

1,336.70

91,062.16

956.75

34,537.88

21,214.88

32,383.77

380,788.7

Source:Reserve Bank of Zimbabwe,2021
Notes
1.Government securities include treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households and other financial corporations,
TABLE 5.1: COMMERCIAL BANKS -ASSETS
$ millions
Debt Securities
Loans and Advances

ZWL$ millions
End of
Demand
Savings
Time Deposits
Total Deposits
Other Depository
Government
Total
Debt Securities
Foreign Liabilities
RBZ
Other Depository Other Finacial
Capital
Contigent
Other
from the public
Corporations
Corporations
Corporations
and
Liablities
Liablities
TOTAL
Reserves

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

Source:Reserve Bank of Zimbabwe,2021
TABLE 5.2 : COMMERCIAL BANKS - LIABILITIES
Deposits
Amounts Owing to

Foreign
Other Assets
Non Financial
TOTAL
End of
Notes
Assets
Bond
&
Balances
Balances with
Balances
Other Claims
Notes &
Coin
with
Other Depository
with
on
Government1
Local Governemt
Public Enterprises
Other2
Mortgages
Government
Other
Coins
RBZ
Corporations
Foreign Banks
Non-residents
Securities
securities

Jan
0.9

2.3

197.4

98.7

7.8

-

129.8

34.5

-

-

413.2

-

508.7

144.9

136.1

1,674.3

Feb
1.5

1.8

172.4

123.5

5.5

-

141.3

33.5

-

-

414.8

-

507.9

125.7

135.7

1,663.6

Mar
1.4

3.4

175.9

72.1

14.1

-

212.6

32.8

-

-

411.4

-

539.4

142.8

132.3

1,738.2

Apr
1.1

4.3

185.5

61.9

3.6

-

184.4

32.0

-

-

413.3

-

582.7

141.6

135.2

1,745.7

May
1.0

7.6

196.3

138.2

8.1

-

191.0

30.9

-

-

415.0

-

608.4

128.1

137.4

1,862.0

June
1.2

4.9

188.6

177.8

1.9

-

266.2

30.1

-

-

413.9

-

614.3

124.0

141.5

1,964.5

July
1.8

6.6

207.1

185.1

1.7

-

283.2

33.3

-

-

423.5

-

636.1

128.2

141.1

2,047.7

Aug
1.6

3.7

224.7

145.3

2.4

-

288.9

32.2

-

-

428.2

-

579.4

139.1

143.7

1,989.2

Sep
1.9

2.9

245.6

92.6

20.8

-

291.1

31.2

-

-

430.3

-

650.2

148.1

144.4

2,059.1

Oct
4.9

2.1

220.0

95.8

11.9

-

318.9

30.2

-

-

427.7

-

639.8

154.2

147.0

2,052.5

Nov
3.6

2.9

243.3

35.7

10.4

-

320.7

28.9

-

-

433.5

-

635.7

148.0

145.8

2,008.5

Dec
2.3

4.3

157.4

121.3

10.4

-

339.4

28.0

-

-

444.8

-

645.9

179.7

151.9

2,085.6

Jan
6.3

4.6
108.2

63.5
10.9

0.0
343.8

27.3
33.6

0.0
438.0

0.0
649.3

136.7
151.2

1973.3
Feb
5.4

17.6
120.6

62.8
18.1

-

339.6

26.5
-

-

416.1

-

696.1

171.1
156.7

2,030.8

Mar
2.6

18.0
126.3

38.6
23.9

-

331.7

25.5
-

-

415.1

-

710.1

172.1
207.4

2,071.2

Apr
3.7

30.6
220.3

85.0
47.6

-

271.6

25.0
-

-

414.1

-

705.0

169.0
276.2

2,247.8

May
3.9

38.4
162.2

115.4
139.0

-

345.5

23.9
-

-

406.2

-

776.6

165.7
363.4

2,540.1

Jun
6.3

69.8
361.6

144.5
132.4

-

265.8

22.6
-

-

421.7

-

873.6

210.5
473.0

2,981.8

Jul
6.5

174.7
473.9

89.7
131.1

-

258.3

22.2
-

-

416.0

-

934.6

203.1
565.6

3,275.8

Aug
5.5

94.5
758.0

60.6
115.5

-

247.4

21.5
-

-

418.1

-

970.6

345.1
567.6

3,604.2

Sep
15.8

180.3
831.8

195.4
104.2

-

267.6

20.9
-

-

499.1

-

1,137.6

528.8
1,042.2

4,823.6

Oct
6.2

198.7
997.2

72.2
243.7

-

268.8

20.2
-

-

429.8

-

1,286.7

503.4
1,069.3

5,096.2

Nov
11.9

156.1
872.3

159.7
426.0

-

338.6

19.6
-

-

443.5

-

1,357.4

575.8
1,068.7

5,429.6

Dec
9.2

223.9
1,016.9

317.4
492.3

-

308.3

18.2
-

-

454.5

-

1,413.5

700.6
1,470.0

6,424.9

Jan
16.3

322.3
1,106.8

361.8
421.8

-

283.0

20.1
-

-

478.2

-

1,498.8

717.5
1,552.8

6,779.5

Feb
14.5

368.2
977.2

612.5
370.5

-

357.1

20.1
-

1.5

503.6

-

2,097.7

735.9
1,538.8

7,597.4

Mar
20.1

529.4
1,423.7

261.8
282.6

-

341.6

19.2
-

0.6

526.4

-

2,406.4

1165.6
1,914.1

8,891.5

Apr
33.1

493.1
914.2

232.1
384.9

-

424.3

18.1
-

-

525.9

-

2,568.2

1528.5
2,134.4

9,256.8

May
39.7

434.7
1,248.4

192.3
725.0

-

382.4

17.0
-

-

517.6

-

2,793.4

2669.6
2,146.1

11,166.3

Jun
88.7

1167.9
2,857.8

395.9
1,222.0

-

385.4

13.8
-

-

653.4

-

4,663.9

2688.0
4,712.1

18,848.8

Jul
109.1

1780.7
3,878.9

1342.9
1,879.4

-

346.6

13.4
-

-

585.7

-

5,648.0

3879.5
4,927.7

24,391.8

Aug
142.9

2175.5
4,799.3

341.7
2,310.6

-

294.6

13.1
-

-

688.7

-

6,552.1

4480.3
6,104.6

27,903.4

Sep
179.8

2469.9
4,547.1

504.6
1,027.7

-

218.3

12.9
-

0.4

741.5

-

6,518.3

2774.9
6,503.8

25,499.1

Oct
149.1

2787.0
5,056.1

778.9
1,182.4

-

206.5

12.3
-

112.2

772.3

-

6,874.4

2795.4
6,537.1

27,263.4

Nov
104.3

2935.7
4,448.9

691.0
1,412.8

-

1,666.7

11.6
-

157.8

930.4

-

7,498.6

2571.1
6,712.9

29,141.9

Dec
116.2

3210.3
5,085.9

802.0
1,183.4

-

1,830.2

11.2
-

251.1

1,008.4

-

8,562.3

2559.4
7,352.9

31,973.2

Jan
188.7

2943.3
5,986.5

793.8
843.5

-

1,783.8

10.2
-

211.3

1,091.3

0.0

9,329.1

2980.3
7,685.1

33,846.9

Feb
345.7

2762.9
6,004.8

811.1
984.2

-

2,731.0

9.2
-

236.8

2,089.3

-

8,950.2

2949.2
7,790.6

35,665.0

Mar
168.3

2278.9
6,313.1

1594.4
1,028.2

-

1,341.7

8.4
-

415.1

1,242.4

-

10,867.7

3027.5
7,841.0

36,126.8

Apr
206.9

2702.1
5,302.6

1156.7
1,085.4

-

871.7

7.7
-

508.9

1,581.5

-

14,233.6

3431.1
7,237.9

38,326.2

Source:Reserve Bank of Zimbabwe,2021
Notes
1.Government securities include treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households and other financial corporations,
TABLE 6.1: BUILDING SOCIETIES -ASSETS
$ millions
Debt Securities
Loans and Advances

Debt Securities
Foreign Liabilities
Capital
Other
TOTAL
and
Liablities
End of
Savings
Time Deposits
Total Deposits
Other Depository
Government
Total
RBZ
Other Depository Other Finacial
Reserves
from the public
Corporations
Corporations
Corporations

Jan

Feb

Mar

Apr

May

June

July

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

Source:Reserve Bank of Zimbabwe,2021
Amounts Owing to
TABLE 6.2: BUILDING SOCIETIES -LIABILITIES
$ millions

AGRICULTURE
CONSTRUCTION
COMMUNICATION
DISTRIBUTION
FINANCIAL &
FINANCIAL
MANUFACTURING
MINING
SERVICES
TRANSPORT
INDIVIDUALS
CONGLOMERATES
TOTAL
END OF


INVESTMENTS
ORGANISATIONS


1,000.0

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

Source:Reserve Bank of Zimbabwe,2021
/1 Including the only merchant bank still in operation.
TABLE 7.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES
$ ('000)

END OF
AGRICULTURE
CONSTRUCTION
COMMUNICATIONS
DISTRIBUTION
FINANCIAL &
FINANCIAL
MANUFACTURING
MINING
SERVICES
TRANSPORT
INDIVIDUALS
CONGLOMERATES
TOTAL
INVESTMENTS ORGANISATIONS

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

Source: Reserve Bank of Zimbabwe,2021
TABLE 7.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS
$ ('000)

End of
Nominal
Lending
Rates 1
Individuals
Corporate

Jan
4.00-18.00
9.47
7.40
Feb
4.00-18.00
9.23
7.30
Mar
4.00-18.00
9.23
7.31
Apr
4.00-18.00
9.30
7.38
May
4.00-22.00
9.31
7.33
Jun
4.00-22.00
9.15
7.67
Jul
4.00-35.00
9.54
8.40
Aug
5.00-55.00
14.37
18.43
Sep
5.00-65.00
14.64
19.81
Oct
5.00-65.00
15.59
19.66
Nov
5.00-65.00
15.06
18.00
Dec
5.00-65.00
16.08
18.31

Jan
5.00-65.00
16.56
17.20
Feb
5.00-65.00
16.92
16.68
Mar
5.00-65.00
19.65
17.21
Apr
5.00-65.00
18.57
18.69
May
5.00-65.00
18.06
18.07
June
5.00-65.00
20.04
17.38
July
5.00-65.00
18.87
20.11
Aug
6.00-65.00
19.14
18.99
Sep
6.00-65.00
20.65
25.09
Oct
6.00-65.00
26.04
26.68
Nov
6.00-65.00
30.32
27.67
Dec
6.00-65.00
32.11
26.91

Jan
6.00-65.00
32.65
24.77
Feb
6.00-85.00
36.67
21.36
Mar
6.00-85.00
35.83
22.61
Apr
6.00-85.00
35.22
22.59
Source:Reserve Bank of Zimbabwe, 2021
Notes
TABLE 8.1: LENDING RATES (percent per annum)
1. Nominal lending rates depict the range of rates quoted by banks.
Commercial Banks
Weighted Lending Rates

TABLE 8.2 : BANK DEPOSIT RATES (percent per annum)
END OF
SAVINGS
3 MONTHS

Jan
0.22-12.00
1.00-8.00
Feb
0.22-12.00
1.00-6.75
Mar
0.22-12.00
1.00-8.00
Apr
0.22-12.00
1.00-8.00
May
0.22-12.00
1.00-8.00
Jun
0.22-12.00
1.00-8.00
Jul
0.22-12.00
1.00-8.00
Aug
0.22-12.00
1.00-8.00
Sep
0.22-12.00
1.00-8.00
Oct
0.22-12.00
1.00-8.00
Nov
0.22-12.00
1.00-8.00
Dec
0.22-12.00
1.00-8.00

Jan
0.22-12.00
1.00-8.00
Feb
0.22-12.00
1.00-8.00
Mar
0.22-12.00
1.00-8.00
Apr
0.22-12.00
1.00-8.00
May
0.22-12.00
1.00-8.00
Jun
0.22-12.00
1.00-8.00
Jul
0.22-12.00
1.33-14.00
Aug
0.50-15.00
1.00-20.28
Sep
0.50-15.00
1.00-20.28
Oct
0.50-15.00
1.00-20.28
Nov
0.50-15.00
1.00-20.28
Dec
0.50-15.00
1.00-20.28

Jan
0.22-12.00
2.00-21.50
Feb
0.22-12.00
2.00-21.50
Mar
0.22-12.00
2.00-21.50
Apr
0.22-12.00
2.00-21.50
Source:Reserve Bank of Zimbabwe, 2021
* Deposit rates depict the range of rates qouted by banks.
COMMERCIAL BANKS

ALCOHOLIC
BEVERAGES
CLOTHING
&
HOUSING,
WATER,
FURNITURE
HEALTH
TRANSPORT
COMMUNIC
ATION
RECREATION
&
EDUCATION
RESTAUR
ANTS &
MISC.
TOTAL NON
& TOBACCO
FOOTWEAR
ELECTRICTY,
GAS
AND
CULTURE
HOTELS
GOODS &
FOOD
& OTHER
EQUIPMEN
T
SERVICES
FUELS
WEIGHTS


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

Source:Zimstat, 2021
FOOD & NON
ALCOHOLIC
BEVERAGES
ALL
ITEMS
TABLE 9.1 : MONTHLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX
(February 2019 = 100)

FOOD
INFLATION
ALCO HO LIC
CLO T HING
HO US ING ,
W AT E R,
FURNIT URE
MIS C.
FO O D &
B E VE RAG E S
&
E LE CT RICT Y,
G AS
AND
RE CRE AT IO N &
RE S T AURANT S
&
G O O DS &
T O T AL NO N
NO N
ALCO HO LIC
ALL
& T O B ACCO
FO O T W E AR
& O T HE R
E Q UIP ME NT
CULT URE
HO T E LS
S E RVICE S
FO O D
B E VE RAG E S
IT E MS
FUE LS
WEIGHTS


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun


Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

Source:Zimstat, 2021
TABLE 9.2 : YEARLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX
(February 2019 = 100)
NON-FOOD INFLATION
HE ALT H
T RANS P O RT
CO MMUNICAT IO N
E DUCAT IO N

(US$ MILLIONS)
End Period

Est
Long-Term External Debt

Government

Bilateral Creditors

Multilateral Creditors

Private Creditors

Public Enterprises


Bilateral Creditors

1,155

Multilateral Creditors

Private Creditors

Monetary Authorities

Multilateral Creditors - IMF

Private


Short-Term External Debt
1,348
2,040
1,286


Supplier's Credits

Reserve Bank

1,300

2,463
Private


Total External Debt

Source: Ministry of Finance & Economic Development, 2020; & Reserve Bank of Zimbabwe, 2020
TABLE 10: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS)

USA
SOUTH ARFICAN
BOTSWANA
JAPANESE
EURO
POUND
END OF
Dollar
RAND
PULA
YEN
STERLING

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

Source: Reserve Bank of Zimbabwe, 2021
TABLE 11 : SELECTED INTERNATIONAL EXCHANGE RATES
1. ZWL$ dollar per unit of foreign currency

Market Capitalisation
END OF
All Share*
ZWL$ millions

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June*

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

Source:Zimbabwe Stock Exchange, 2021
*All Share index was introduced in January, 2018
**As at 26 June 2020
TABLE 12: ZIMBABWE STOCK MARKET STATISTICS
Market Turnover
ZWL$ million
Volume of Shares
Mining
Indices

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan
6,903.0
2.9 1,294.05
16.9 3,608.83 1,056.16
Feb
8,337.0
4.0 1,330.58
17.2 3,594.51 1,093.64
Mar
9,881.5
3.9 1,399.50
18.3 4,080.65 1,250.55
Apr
10,321.4
3.1 1,590.10
14.0 4,949.34 1,408.53
May
14,670.3
4.2 1,397.48
11.8 6,692.55 1,897.82
Jun
17,881.2
3.7 1,464.66
30.1 7,130.02 2,539.84
Jul
23,309.9
3.7 1,806.45
36.6 9,137.36 3,295.81
Aug
23,596.6
2.4 2,181.56
38.5 11,077.65 3,493.56
Sep
30,328.1
3.8 3,029.87
51.9 15,112.00 5,337.71
Oct
39,413.7
3.9 3,621.64
67.1 16,588.28 6,237.03
Nov
40,871.8
3.5 4,199.30
67.4 13,537.77 7,200.30
Dec
49,579.8
2.8 5,695.39
97.2 19,356.74 8,724.02

Jan
47,841.3
1.8 5,236.3 115.2 21,247.9 9,646.8
Feb
41,637.6
4.7 5,431.8 136.9 22,589.7 9,633.8
Mar
60,804.1
4.1 7,252.9 268.0 27,993.6 14,411.4
Apr
47,525.5
- 4,150.6 82.6 18,299.2 11,481.8
May
59,271.1
- 7,426.0 349.8 24,851.5 19,593.2
Jun
91,311.3
- 9,752.7 516.6 26,042.5 25,842.3
Jul
127,743.2
- 14,741.1 1,028.7 26,033.3 35,199.7
Aug
143,042.1
- 14,953.6 1,547.5 27,217.6 34,505.0
Sep
203,172.0
- 18,252.3 1,963.0 26,441.0 41,958.4
Oct
198,863.56
- 22,482.28
2,163.27 42,767.66 46,270.42
Nov
236,231.56
- 23,936.70
2,151.61 36,475.66 54,797.79
Dec
302,661.15
- 30,061.03
1,935.29 45,278.12 67,038.24

Jan
255,551.32
- 21,042.23
4,532.12 35,306.27 64,996.35
Feb
226,335.83
- 22,882.64
2,288.90 36,383.01 61,941.70
Mar
320,422.14
- 28,569.92
3,316.59 44,523.99 86,463.87
Apr
288,958.76
- 30,071.50
2,807.02 44,131.56 90,580.45
Source:Reserve Bank of Zimbabwe, 2021
TABLE 13.1 : ZETSS AND RETAIL PAYMENTS
Values of Transactions (ZWL$ millions)

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan
548.1
22.7 20,981.2 449.6 100,593.9
501.8
Feb
457.2
22.5 18,869.0 292.2 89,584.3
463.8
Mar
545.2
23.7 21,996.8 268.4 116,120.0
510.5
Apr
505.5
17.4 21,170.0 253.6 117,616.8
457.0
May
611.1
21.2 23,278.2 213.2 137,423.0
496.6
Jun
553.6
22.5 23,790.0 175.2 156,609.8
502.2
Jul
560.2
20.1 25,075.5 223.1 169,416.8
559.6
Aug
553.0
15.1 25,249.9 317.4 164,918.0
518.7
Sep
543.0
19.4 24,918.0 300.8 161,289.5
511.3
Oct
571.6
20.4 21,025.4 345.5 161,427.4
496.0
Nov
477.4
16.7 17,845.4 334.9 133,862.1
430.6
Dec
478.6
13.0 27,419.1 236.2 161,540.7
409.1
Annual Total
6,404.4
234.6 271,618.6 3,410.1 1,670,402.1
5,857.13

Jan
401.5
12.2 40,613.8 232.6 135,481.1
413.4
Feb
456.5
16.4 27,811.2 226.8 119,081.1
463.6
Mar
525.9
15.4 30,417.6 248.9 142,597.8
441.0
Apr
535.0
13.7 32,092.5 168.8 157,348.3
390.1
May
642.6
14.7 15,542.6 121.4 166,491.6
494.3
Jun
706.0
13.3 18,012.1 79.6 160,873.0
486.8
Jul
983.5
13.6 20,465.4 99.6 170,823.3
638.2
Aug
872.9
9.0 21,919.8 85.2 179,281.2
542.3
Sep
1,010.7
11.9 22,749.6 62.4 200,441.9
679.4
Oct
1,079.4
12.7 23,191.6 65.0 206,621.5
1,099.3
Nov
982.1
10.3 25,737.5 225.2 152,919.9
2,044.1
Dec
1,003.8
7.6 27,800.5 385.5 146,316.6
1,273.6

Jan
943.3 4.6 23,649.0
199.9 139,278.2 671.7
Feb
916.1 8.9 21,652.2
196.6 149,671.5 647.8
Mar
1,068.5 7.4 22,588.1
234.3 173,042.2 661.2
Apr
515.1
- 11,036.4 36.4 131,190.0 998.0
May
674.1
- 14,711.6
231.2 150,936.1 705.3
Jun

Jul
918.4
- 15,786.5
251.4 121,072.4 791.9
Aug
789.4
- 13,536.2
248.2 127,308.6 702.1
Sep
911.9 0.002 15,524.1
309.8 125,059.2 783.2
Oct
990.2
- 19,138.6
398.8 191,148.8 735.8
Nov
971.3
- 17,584.9
430.0 101,305.8 755.6
Dec
1,100.0
- 19,404.0
453.0 115,290.2 820.1

Jan
720.0
- 9,849.3 229.0 94,691.4 872.2
Feb
806.0
- 12,309.3
527.8 90,078.0 754.9
Mar

Apr
951.7
- 15,185.0
605.5 97,253.3 1,040.1
Source:Reserve Bank of Zimbabwe, 2021
TABLE 13.2 : ZETSS AND RETAIL PAYMENTS
Volumes of Transactions (000's)

END OF
EXPORTS
IMPORTS
TOTAL TRADE TRADE BALANCE

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

Source: ZIMSTAT, 2021
TABLE 14 : MERCHANDISE TRADE STATISTICS
(US$ millions)