MONTHLY ECONOMIC REVIEW
JUNE 2013
Selected Economic Indicators

Global Economic Developments

Monetary Developments

Inflation

National Payments System

Statistical Tables

Stock Market Developments

INSIDE THIS ISSUE:

PAGE
SELECTED ECONOMIC INDICATORS

May

June
Z.S.E. Mining Index1
73.99
73.29
Z.S.E. Industrial Index1
212.72
211.19
Money Supply (Total Bank Deposits) (US$)2
4.02 billion
3.84 billion
Money Supply (M3) Annual Growth2
12.23%
6.91%
Yearly Inflation3
2.20%
1.86%
Sources:
1 Zimbabwe Stock Exchange
2 Reserve Bank of Zimbabwe
3 ZIMSTAT


Month on
Month
Change


GLOBAL ECONOMIC DEVELOPMENTS

Global economic activity is projected to slowly
gain momentum in the second half of 2013,
though growth will continue to be below
potential. Several key risks and uncertainties
remain and, if not mitigated, could dampen
global economic growth prospects. These
include short-term risks stemming from the
euro area crisis, fiscal adjustment in the United
States and deceleration of economic activity in
emerging economies.

Although several new policy initiatives in
major developed economies have reduced
systemic risks and helped stabilize consumer,
business and investor confidence, the impact on
growth has remained negligible. As such,
enhanced international policy coordination is
needed to mitigate negative policy spillovers
and foster robust and balanced growth.

In the euro area, the risk of a near-term
break-up has declined considerably, but the
economic situation remains fragile. Economic
activity in the euro area will be held back by
austerity measures, weak bank lending and
continued
uncertainty.
In
consequence,
economic growth in the Euro-area is projected
to contract by 0.4% in 2013.

This, notwithstanding, the outlook on Africa is
optimistic, with least developed countries
(LDCs) projected to realize faster growth in
2013 than in the past two years. Nonetheless,
with commodity demand moderating and
Official Development Assistance (ODA)
falling, the pace of expansion in LDCs will
still be slower compared to the pre-crisis
period.

The
moderation
of
commodity
prices
continues
to
negatively
impact
on
commodity dependent countries such as
Zimbabwe. In consequence the balance of
payments position remains precarious on
account of sluggish export recovery. This
negative development continues to deplete
foreign exchange reserves, with a dampening
effect on the country’s deposit base.


STOCK MARKET DEVELOPMENTS

Notwithstanding the uncertainty over the
period leading to the elections, the market
saw an increase in the demand for stocks
whose earnings are not significantly affected
by fluctuations in business cycles, such as
Delta, OK Zimbabwe and Innscor, during
the month of June 2013. This has resulted in
these counters’ valuations increasing to
beyond the trading reach of smaller
investors.

Reflecting this development, there was a
57% increase in volume traded, from 142.8
million shares in May 2013 to 224.1 million
shares at the close of June 2013. The value

2 3

2 4
of shares traded also registered a growth of
15.6%, from US$35.2 million in May
compared to US$46.6 million in June 2013.
Trading was largely sustained by foreign
investors, whose purchases recorded a 33.5%
increase, to US$23.1 million in June 2013,
compared to US$17.3 million in May. This
increase in activity was a result of portfolio
readjustments, as fund managers factored in
to-date basis, the industrial index has,
however, gained an impressive 39.6%,
largely sustained by the demand for
blue-chip counters. The mining index,
dogged by challenges in the mining sector,
which include high operating costs and
their forecasts on the post-election economic
environment.

Notwithstanding the heightened trading
activity, the industrial index fell marginally
by 0.6% to 211.19 points in June 2013,
compared to the previous month. On a yearmoderation of international metal prices,
declined by 0.9% between May and June
2013 to close the month under review at
73.29 points.

In tandem with the developments in the
industrial index, total market capitalization
registered a 0.6% decline to US$5.4 billion.
On
a
year-to-date
basis,
market
capitalization, however, rose by 38.1%.


3 5
MONETARY DEVELOPMENTS

Monetary
developments
mirrored
the
slowdown in economic activity. The overall
stock of money supply registered a 4.5%
decline between May and June 2013. Broad
money was recorded at US$3 838.2 million
in June 2013, from US$4 018.1 million in
the previous month. Annual growth in broad
money also decelerated to 6.91%, from
12.23% in the previous month.
whilst deposits with a maturity less than 30
days declined by US$21.83 million. Savings
deposits, however, registered expansion of
US$8.46 million.

Following these developments in deposits,
annual growth in domestic credit declined to
22%, compared to 23.1% in the previous
month. On a month-on-month basis, however,
growth in domestic credit remained somewhat
stable at 1.7% in June 2013, compared to
1.6% in May 2013.

Credit to the private sector continued to be
driven by loans and advances, which were
partly sustained by offshore lines of credit, as
local sources of liquidity continued to
underperform. Lending to the private sector
by banks increased to US$3 666.23 million in
June 2013, from US$3 063.68 million in May
2013.
The
decline
in
broad
money
was
underpinned by outflows in most deposit
classes, with deposits of a maturity greater
than 30 days recording the highest monthly
decline of US$179.93 million during the
period under review. Further worsening the
liquidity situation in the country, demand
deposits also fell by US$56.01 million,


Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
US$ Billions
%
Money Supply
M3
M3 Annual Growth

Partly reflecting the growth of loans and
advances in excess of the pace of deposit
accumulation, the loan to deposit ratio rose to
95.5% in June 2013, compared to 89.47% in
May 2013.

Advances to the private sector were mainly in
the form of loans and advances, 84.36%;
mortgages advanced by building societies,
8.57%; bankers’ acceptances, 1.52%; bills
discounted, 3.61%; and other investments,
1.94%.

Credit to the private sector was mainly to
agriculture (18.30%), distribution (16.07%)
and
manufacturing
(17.29%)
activities.
Individuals received 18.42% of total loans
and advances.
Mining and construction industries received
6.71% and 1.78% share of the cumulative
loans and advance, respectively.

The loans and advances were mainly utilised
to
meet
short
term
working
capital
requirements, restocking and raw material
procurement, as well as to finance consumer
durables.


INFLATION DEVELOPMENTS

Annual Inflation

Annual headline inflation declined for the
fourth consecutive month, easing from
2.20% in May 2013 to 1.86% in June 2013.
The decline was largely attributed to declines
in both food and non food inflation.
The easing-off of food inflation pressures
was largely attributed to improved local food
supply, arising from the ongoing harvesting
season.
The continued weakening of the rand against
the US dollar further dissipated inflationary
pressures, as the landed price of food imports
from South Africa continues to fall.
Annual food and non-alcoholic beverages
inflation declined, from 3.54% in May 2013
to 2.9% in June 2013. Similarly, nonfood
inflation declined from 1.54% in May 2013
to 1.35% in June 2013.

Inflation Outlook
In the outlook period, inflation is expected to
remain stable, largely dependent on the
movement
of
international
oil
prices,
US$/rand exchange rate developments, as
well as the level of aggregate demand in the
domestic economy.

NATIONAL
PAYMENTS
SYSTEM
DEVELOPMENTS


Zimbabwe Electronic Transfer Settlement
System (ZETSS)

The value of transactions processed through
the RTGS system in June 2013 decreased by
9.48% to US$3.54 billion, from US$3.92
billion in May 2013. On the other hand, the
volume of transactions registered a decline of
14%, from 215 199 to 185 802 during the
same period.

Card Systems


The total value of card based transactions
fell by 10.28%, from US$332.60 million in
May to US$298.40 million in June 2013.
Mobile and Internet Based Transactions

The value of mobile and internet based
transactions also declined by 26.73%, from
Month-on-Month Inflation

Month-on-month
inflation
gained
0.08
percentage points to -0.13% in June, from
-0.21% in May 2013.
Monthly food prices declined by 0.33% in
June 2013, compared to a decline of 0.28%
in May 2013. This was underpinned by
declines in prices of vegetables, 0.08%; milk,
cheese and eggs, 0.02%; and fruits, 0.01%.
Monthly nonfood prices also fell by 0.03% in
June, compared to a decline of 0.17% in May
2013.

US$364 million in May to US$266.70
million in June 2013.
Cheques

In
value
terms,
cheque
transactions
decreased by 26.73%, from US$15.40
million in May 2013 to US$5.90 million in
June 2013.


Reserve Bank of Zimbabwe
July 2013

STATISTICAL TABLES
CONTENTS

Table


. Monetary Statistics


1.1 Monetary Aggregates

1.2 Broad Money Survey

1.3 Analysis of Monthly Changes in Money Supply

1.4 Analysis of Yearly Changes in Money Supply

2. Sectoral Analysis of Bank Loans and Advances and Deposits


2.1 Sectoral Analysis of Commercial Banks Loans and Advances 15

2.2 Sectoral Analysis of Merchant Banks Loans and Advances

2.3 Sectoral Analysis of Merchant Acceptances

2.4 Sectoral Analysis of Commercial Banks Deposits

2.5 Sectoral Analysis of Merchant Banks Deposits

3. External Statistics


3.1 Total External Debt Outstanding by Debtor

4. Interest Rates


4.1 Lending Rates

4.2 Banks Deposit Rates

5. Inflation


5.1 Monthly Inflation

5.2 Yearly Inflation

6. Exchange Rates

STATISTICAL TABLES
CONTENTS

Table


. Commercial Banks


7.1 Assets

7.2 Liabilities

8. Accepting Houses


8.1 Assets

8.2 Liabilities

9. Building Societies


9.1 Assets

9.2 Liabilities

10. Zimbabwe Stock Exchange Statistics

11. Savings with Financial Institutions

12. Analysis of Liquid Assets of Monetary Banks

13. ZETSS, Cheques and Cards Activity

TABLE 1.1 : MONETARY AGGREGATES
US$ Thousands

June
July
August
September
October
November
December
January
February
March
April
May
June


RBZ Demand Deposits

Comm. Banks Dem. Deposits

Merchant Banks Dem. Deposits


112,173.40
114,560.50
M1


Comm. Banks Savings Deposits


221,622.3
229,386.70
Building Soc. Savings Deposits


192,634.8
189,753.80
P O S B Savings Deposits


56,544.5
60,117.80
Comm. Banks U-30 Day Deposits


637,041.1
629,544.60
Merchant Banks U-30 Day Deposits


67,104.2
56,223.10
Building Soc. U- 30 Day Deposits


122,672.1
119,217.40
M2


Comm. Banks O-30 Day Deposits


387,930.6
268,082.10
Merchant Banks O-30 Day Deposits


54,361.5
52,329.50
Building Soc. O- 30 Day Deposits


212,044.5
222,591.80
Building Soc. Class C Deposits
0.0
0.0
0.0


0.0
0.0
0.0

Building Soc. Other Share Deposits


11,266.5
11,266.60
P O S B Time Deposits


9,703.5
10,492.40
M3


4,018,141.5
3,838,207.30

TABLE 1.2 : BROAD MONEY SURVEY
US$ Thousands

JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
JANUARY
FEBRUARY
MARCH
APRIL
MAY


NET FOREIGN ASSETS


Assets


Reserve Bank (RBZ)


Deposit Money Banks (DMBs)


Other Banking Institutions
(OBIs) \1


Liabilities \2


RBZ


DMBs


OBIs


NET DOMESTIC ASSETS


DOMESTIC CREDIT


Claims on Government (net)


RBZ


DMBs


OBIs
203.6


Claims on Public Enterprises


RBZ

0.0
0.0

DMBs


Agri-PEs

0.0
0.0


Other


OBIs

0.0
0.0


Claims on Private Sector


RBZ


DMBs


OBIs


OTHER ITEMS (NET)


BROAD MONEY (M3)


JUNE


4,608,609.2
3,936,046.1


672,563.1

3,838,207.3

TABLE 1.3 : ANALYSIS OF MONTHLY CHANGES IN MONEY SUPPLY (M3)
US$ Thousands
1. Finance houses, building societies and P. O. S. B.
2. Sign reversal.
3. Net Domestic Assets consist of domestic credit and other items net.

JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE


NET FOREIGN ASSETS


Assets

Reserve Bank (RBZ)

Deposit Money Banks (DMBs)

Other Banking Institutions (OBIs) \1


Liabilities \2

RBZ

DMBs

OBIs


NET DOMESTIC ASSETS \3

DOMESTIC CREDIT

Claims on Government (net)

RBZ

DMBs

OBIs
-20.2
-203.6

1,233.60


Claims on Public Enterpris

RBZ


DMBs

Agri-PEs


0.0
0.0
-5,259.3
Other

OBIs


Claims on Private Sector

RBZ

DMBs

OBIs

OTHER ITEMS (NET)


BROAD MONEY (M3)

GROWTH RATES


Broad Money (M3)

Domestic Credit

Claims on Private Sector


MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
JANUARY
FEBRUARY
MARCH
APRIL


NET FOREIGN ASSETS

Assets

Reserve Bank (RBZ)

Deposit Money Banks (DMBs)

Other Banking Institutions (OBIs)
\1

Liabilities \2

RBZ

DMBs

OBIs

NET DOMESTIC ASSETS \3

DOMESTIC CREDIT


Claims on Government (net)

DMBs

OBIs
223.8
203.6


Claims on Public Enterprises

RBZ

0.0
0.0
DMBs

Agri-PEs

-1.0
0.0
Other

OBIs

0.0
0.0
Claims on Private Sector

RBZ
10,864.80
3,313.70


DMBs

OBIs


OTHER ITEMS (NET)


BROAD MONEY (M3)


GROWTH RATES


Broad Money (M3)

Domestic Credit

Claims on Private Sector


MAY


-176,580.1

437,956.1


12.2%
23.3%
18.7%


JUNE


-65,627.7

247,936.6


6.9%
22.0%
18.4%


TABLE 1.4 : ANALYSIS OF YEARLY CHANGES IN MONEY SUPPLY (M3)


$ Thousands

TABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES


US$ Thousands


AGRICULTURE
CONSTRUCTION
COMMUNICATION
DISTRIBUTION
FINANCIAL
&
FINANCIAL
MANUFACTURING
MINING
SERVICES TRANSPORT
INDIVIDUALS
CONGLOMERATES/1
TOTAL
END OF


INVESTMENTS
ORGANISATIONS

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FREBRUARY

MARCH


APRIL

MAY

JUNE

1. These are large corporation with business operations covering across a number of sectors.
TABLE 2.2 :SECTORAL ANALYSIS OF MERCHANT BANKS LOANS AND ADVANCES


US$ Thousands


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


INVESTMENT ORGANISATIONS

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

MARCH

APRIL

MAY


JUNE


TABLE 2.3 :SECTORAL ANALYSIS OF MERCHANT BANKS ACCEPTANCES


US$ Thousands


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


INVESTMENT ORGANISATIONS

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY


MARCH

APRIL

MAY

JUNE


TABLE 2.4 : SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS


US$ Thousands


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


INVESTMENTS
ORGANISATIONS

JANUARY

FEBRUARY

MARCH

263’552.7

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

MARCH


APRIL

MAY

JUNE


TABLE 2.5 : SECTORAL ANALYSIS OF MERCHANT BANKS DEPOSITS


US$ Thousands


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


INVESTMENTS
ORGANISATIONS

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

MARCH


APRIL

MAY

JUNE


TABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS BUT EXCLUDING PENALTIES)


End Period

(US$ millions)


Long-Term External Debt


6,101


Government


4,315
Bilateral Creditors


2,481
Multilateral Creditors


1,834
Private Creditors

Public Enterprises

1,139
Bilateral Creditors

Multilateral Creditors

Private Creditors

Monetary Authorities

Multilateral Creditors - IMF

Private

Short-Term External Debt

Supplier's Credits

Reserve Bank

Private

Total External Debt/1


7,160


Gross Domestic Product


8,865
External Debt / GDP

/1 Total external debt excludes penalties


SOURCE: Ministry of Finance and

TABLE 4.1 LENDING RATES (percent per annum)1

Commercial Banks
Merchant Banks


Weighted Average Lending
Rates3

Weighted Average Lending
Rates3


End Period
Nominal
Lending
Rates2
Individuals
Corporate
Nominal
Lending
Rates2
Individuals
Corporate

Mar


Apr


May


Jun


Jul


Aug


Sep


Oct


Nov


Feb


Notes


1. Table revised, to separate weighted lending rates for individuals and corporate bodies.

2. Nominal Lending Rates depict the range of rates quoted by banks.


3. Lending rates exclude rates on staff loans.
Dec


Jan


Apr


Mar


May


Jun


TABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)1


COMMERCIAL BANKS
ACCEPTING HOUSES


END OF
SAVINGS
3 MONTHS
3 MONTHS

APRIL
0.35-6.00
0.15-17.00
10.00-17.00
MAY
0.30-5.00
0.15-17.00
10.00-17.00
JUNE
0.15-5.00
0.15-17.00
10.00-17.00
JULY
0.15-5.00
0.10-17.00
10.00-17.00
AUGUST
0.15-5.00
0.10-17.00
11.00-17.00
SEPTEMBER
0.15-5.00
0.10-17.00
10.00-17.00
OCTOBER
0.15-5.00
0.10-17.00
10.00-17.00
NOVEMBER
0.15-5.00
0.10-17.00
10.00-17.00
DECEMBER
0.15-5.00
0.10-18.00
10.00-17.00


20122


JANUARY
0.15-5.00
5.00-18.00
10.00-17.00
FEBRUARY
0.15-5.00
5.00-18.00
10.00-17.00
MARCH
0.01-12.00
5.00-20.00
7.00-17.00
APRIL
0.00-12.00
5.00-20.00
8.00-17.00
MAY
0.00-12.00
5.00-20.00
6.00-17.00
JUNE
0.00-12.00
5.00-20.00
6.00-17.00
JULY
0.00-12.00
5.00-20.00
6.00-17.00
AUGUST
0.00-12.00
5.00-20.00
6.00-17.00
SEPTEMBER
0.00-12.00
5.00-20.00
6.00-17.00
OCTOBER
0.00-12.00
5.00-20.00
6.00-17.00
NOVEMBER
0.15-8.00
4.00-20.00
6.00-17.00
DECEMBER
0.15-8.00
4.00-20.00
6.00-17.00

JANUARY
0.15-8.00
4.00-20.00
6.00-17.00
FEBRUARY
0.15-8.00
4.00-20.00
6.00-17.00
MARCH
0.15-8.00
4.00-20.00
8.00-12.00
APRIL
0.15-8.00
4.00-20.00
8.00-12.00
MAY
0.15-8.00
4.00-20.00
6.00-17.00
JUNE
0.15-8.00
4.00-20.00
6.00-17.00


1.
The range of rates qouted by banks during the period.
2.
Three (3) months deposit rates revised to exclude rates on inactive or dormant
accounts.

TABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \1
( DECEMBER 2012 = 100)
1. Source: ZIMSTATS. To reflect changing expenditure
patterns, ZIMSTAT introduced a revised CPI basket and
rebased CPI figures to December 2012=100.

NON-FOOD INFLATION
FOOD
INFLATION
ALL

ALCOHOLIC
BEVERAGES
CLOTHING
HSING,
WATER,
FURNITURE
HEALTH TRANSPORT
COMMUNICATION
RECREATION & EDUCATION
RESTAURANTS &
MISC.
TOTAL
NON
FOOD &
ITEMS

& TOBACCO
FOOTWEAR
ELECTRICTY,
GAS
AND


CULTURE

HOTELS
GOODS &
FOOD
NON
ALCOHOLIC
BEVERAGES


& OTHER
EQUIPMENT


SERVICES


FUELS


WEIGHTS


JANUARY

FEBRUARY

MARCH


APRIL

MAY

JUNE


TABLE 5.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \1
(DECEMBER 2012 = 100)
1. Source: ZIMSTATS. To reflect changing expenditure
patterns, ZIMSTAT introduced a revised CPI basket and
rebased CPI figures to December 2012=100.

NON-FOOD INFLATION
FOOD
INFLATION
ALL

ALCOHOLIC
BEVERAGES
CLOTHING
HSING,
WATER,
FURNITURE
HEALTH
TRANSPORT
COMMUNICATION
RECREATION &
EDUCATION
RESTAURANTS &
MISC.
TOTAL
NON
FOOD &
ITEMS

& TOBACCO
FOOTWEAR
ELECTRICTY, GAS
AND


CULTURE
HOTELS
GOODS &
FOOD
NON ALCOHOLIC
BEVERAGES


& OTHER
EQUIPMENT


SERVICES


FUELS


WEIGHTS


JANUARY

FEBRUARY

MARCH


APRIL

MAY

JUNE


TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES


SA
BW
JAPANESE
EUROPEAN
POUND
END OF
RAND/1
PULA/1
YEN/1
CURRENCY/2
STERLING/2

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

JUNE


1. Foreign currency per US Dollar.


2. US Dollar per unit of foreign currency.

MARCH

APRIL

MAY


TABLE 7.1: COMMERCIAL BANKS - ASSETS


US$ Millions


Liquid Assets


Securities


Loans & Contingent
Other
Non Financial
Total
End of
Notes


Total
Other Balances Advances
Assets
Assets
Assets
Assets

&
Balances
Balances
Balances


Liquid
with RBZ


Coin
with
with Other
at
Trade
Treasury Agric PEs
Assets


at Banks
RBZ
Banks
Foreign
Banks
Bills
Bills

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug 331.2

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr


May

Jun


TABLE 7.2: COMMERCIAL BANKS - LIABILITIES
US$ Millions


Deposits


Amounts Owing to
Capital
Contingent
Other
Total
Of which


and
Liabilities Liabilities Liabilities Liabilities
to the
End of
Demand
Savings and
Short-term
Long-term
Total
Foreign
Liabilities
RBZ
Other Banks Reserves


Public


Deposits

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr


May

Jun


TABLE 8.1 : ACCEPTING HOUSES - ASSETS
US$ Millions


Liquid Assets


Loans & Contingent
Other
Non Financial
Total
End of
Notes


Total
Other
Balances Advances
Assets
Assets
Assets
Assets

&
Balances Balances Balances


Liquid
with RBZ


Coin
with
with Other
at
Trade
Treasury
Assets


at Banks
RBZ
Banks
Foreign
Banks
Bills
Bills

June

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun


TABLE 8.2 : ACCEPTING HOUSES - LIABILITIES
US$ Millions


Of which


Deposits


Amounts Owing to
Capital
Contingent
Other
Total
Liabilities to the


and
Liabilities
Liabilities
Liabilities
Public
End of Demand Savings and
Short-term
Long-term
Total
Foreign
Liabilities
RBZ
Other
Banks
Reserves


Deposits

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May


Jun


TABLE 9.1 : BUILDING SOCIETIES - ASSETS
US$ Millions


Liquid Assets


Notes
Balances
Trade
Treasury
Total
Mortgage
Other
Other
Non Financial
Total
End of
&
with Other
Bills
Bills
Liquid
Advances
Advances
Assets
Assets
Assets

Coin
Banks


Assets


at Banks

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Feb


Jan

Mar


Apr

May

Jun


TABLE 9.2 : BUILDING SOCIETIES - LIABILITIES
US$ Millions


Of which

Deposits
Capital
Other
Total
Liabilities to the


and
Liabilities
Liabilities
Public
End of
Savings and
Short-term
Long-term
Total
Reserves


Deposits

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


Table 10: ZIMBABWE STOCK MARKET STATISTICS


Indices
US$ Millions

Industrial
Mining
Market Capitalisation

Jan
138.52
79.09
3,422.20
Feb
146.03
95.39
3,696.60
Mar
136.76
85.01
3,458.10
Apr
129.55
97.15
3,303.40
May
132.03
83.73
3,351.20
Jun
131.96
75.70
3,341.46
Jul
132.92
112.12
3,445.93
Aug
132.27
89.04
3,434.00
Sep
146.00
96.00
3,822.80
Oct
154.47
93.66
4,033,76
Nov
150.16
68.74
3,890.9
Dec
152.40
65.12
3,963.50

Jan
179.34
84.07
4,700.33
Feb
182.3
72.01
4,748.24
Mar
183.88
66.21
4,726.34


Source: Zimbabwe Stock Exchange (ZSE)

Apr
189.66
71.98
4,894.68
May
212.72
73.99
5,471.22
Jun
211.19
73.29
5,436.57

TABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS


US$ Millions


Commercial
Merchant

Building

End of
Banks
Banks
Other/2
Societies
TOTAL

January

February

March

April

May

June

July

August

September

October

November

December


January

February

March


1/ Comprises all deposits other than demand deposits.
2/ Includes People’s Own Savings Bank (POSB).


April

May

June


TABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS


US$ Millions


Commercial Banks
Accepting Houses


Liquid
Prescribed
Excess
Liquid
Prescribed
Excess

assets
liquid
liquid
assets
liquid
Liquid
End of
held
assets/1
assets
held
assets/1
assets

January

February

March

April

May

June

July

Aug

September

October

November

December


January

February

March

April

May


1/ With effect from 1 August 2010, the prescribed liquid asset ratio was reviewed from 10% to 20% of liabilities to the public.
June


TABLE 13 : ZETSS, CHEQUES AND CARDS ACTIVITY.
US$ Millions
MONTH
ZETSS VALUES
CHEQUE VALUES
CARD VALUES
MOBILE & INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Annual Total

Feb


Jan

Mar


Apr

May

June
3,544.3
5.9
298.4
266.7