[Date]


MAY 2016


i

MONTHLY ECONOMIC REVIEW
TABLE OF CONTENTS
SELECTED ECONOMIC INDICATORS 1
STOCK MARKET DEVELOPMENTS 2
MONETARY DEVELOPMENTS 3
INFLATION OUTTURN 4
Annual Inflation 4
Monthly Inflation 5
NATIONAL PAYMENTS SYSTEM 5
Zimbabwe Electronic Transfer Settlement System (ZETSS) 5
Cash Transactions 5
Mobile and Internet Based Transactions 5
Card Based Transactions 6
Cheque Transactions 6

MONTHLY ECONOMIC REVIEW

April

May
Month-on-
Month
Change
Z.S.E. Mining Index1
20.2
25.5
26.2%
Z.S.E. Industrial Index1
105.8
104.7
-1.0%
Money Supply (US$ millions)2
5 004.9
5 050.9
0.9%
Money Supply (M3) Annual Growth2 (%)
12.80
12.50

Yearly Inflation3 (%)
-1.64
-1.69

Monthly Inflation3 (%)
-0.21
-0.24

Nominal Lending Rate2 (% per annum)
4.0-18.0
4.0-18.0

Sources:
1 Zimbabwe Stock Exchange (ZSE)
2 Reserve Bank of Zimbabwe (RBZ)
3 Zimbabwe National Statistics Agency (ZIMSTAT)
SELECTED ECONOMIC INDICATORS


MONTHLY ECONOMIC REVIEW

STOCK MARKET DEVELOPMENTS
Major USA, Asian and European stock markets
continued on a bullish trend in May 2016. The
Dow Jones and Shanghai indices, however,
declined in the same month. African stock
markets recorded mixed trading, with increases
recorded in Nigeria, 7.0%; Kenya, 1.5%; and
Tunisia,
1.5%.
Declines
were,
however,
registered in Morocco, -1.5%; South Africa,
-4.0%; and Egypt, -0.6%.
The Zimbabwe Stock Exchange (ZSE) industrial
index decreased by 1.0%, to close the month
under review at 104.7 points, while the mining
index rose by 26% to 25.5 points.


The total volume of shares traded declined from
187.8 million in April 2016, to 99.06 million in
May 2016. Similarly, market turnover declined
from US$14.0 million in April 2016, to close at
US$13.9 million in May 2016.

Source: Zimbabwe Stock Exchange, 2016
ZSE market capitalisation increased by 0.7% to
US$2 881.3 million in May 2016, largely on
account of the increase in the mining index.

31-May-15
30-Jun-15
31-Jul-15
31-Aug-15
30-Sep-15
31-Oct-15
30-Nov-15
31-Dec-15
31-Jan-16
29-Feb-16
31-Mar-16
30-Apr-16
31-May-16
Figure 1: ZSE Indices
Industrial
Mining

May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
Mar-16
Apr-16
May-16
VALUES TRADED (US$ MILLIONS)
VOLUMES TRADED (MILLIONS)
Figure 2: ZSE: Monthly Volumes
Figure 2: ZSE: Monthly Volumes and Values Trad
and Values Traded
Volume
Turnover
Source: Zimbabwe Stock Exchange, 2016


MONTHLY ECONOMIC REVIEW

MONETARY DEVELOPMENTS
Annual money supply growth was lower at
12.5% in May 2016, compared to 12.8% in April
2016. On a month-on-month basis, broad money
supply grew by 0.9%, from US$5 004.9 million
in April 2016, to US$5 050.9 million in May
2016.

Source: Reserve Bank of Zimbabwe, 2016
The growth in money supply reflected annual
increases of 30% and 10.2% in demand and
savings
deposits,
respectively.
Partially
offsetting the increases were declines in deposits
of over 30 days tenor, 8.5%; and under 30-days
tenor, 6.4%.
The proportions of deposit classes in broad
money were as follows: demand, 53.7%;
over 30-days, 16.9%; under 30-days, 15.7%; and
savings deposits, 13.8%.


Banking sector credit recorded a lower annual
growth of 16.4% in May 2016, from 23.8% in
April 2016. Month-on-month, domestic credit
grew by 0.1%, from US$5 623.6 million in April
2016, to US$5 627.8 million in May 2016.
On an annual basis, credit to the private sector
declined by 4.4% to US$3 595.9 million in May
2016, from US$3 763.0 million in May 2015.
Similarly, monthly credit to the private sector
decreased by 1.1% in May 2016.
In terms of proportions, credit to the private
sector consisted of loans and advances, 85.3%;
mortgages, 11.3%; other investments, 2.9%;
bankers acceptances, 0.3%; and bills discounted,
0.2%.
-2


Aug-13
Nov-13
Feb-14
May-14
Aug-14
Nov-14
Feb-15
May-15
Aug-15
Nov-15
Feb-16
May-16
%
US$ BILLIONS
Figure 3: Money Supply
Figure 3: Money Supply
M3
M3 Annual Growth rate
Under 30
Days
15.7%
Over 30
Days
16.9%
Demand
53.7%
savings
13.8%Figure 4: Bankin
Figure 4: Banking Sector DepositsMay 2016
May 2016
Source: Reserve Bank of Zimbabwe, 2016


MONTHLY ECONOMIC REVIEW

Source: Reserve Bank of Zimbabwe, 2016
During the period under review, outstanding
credit to the private sector was distributed as
follows:
households
(23.9%);
agriculture
(19.2%);
manufacturing
(16.1%);
services
(14.7%); distribution (13.1%); mining (5.3%);
financial organisations and investments, (2.9%);
transport and communications (2.9%); and
construction (1.5%).
Credit to the private sector was channeled
towards working capital, 35.5%; inventory
build-up, 34.0%; consumer durables, 15.7%;
fixed capital investment, 13.1%; and pre and post
shipment financing, 1.7%.
INFLATION OUTTURN

Annual Inflation

Annual headline inflation decelerated to -1.69%
in May 2016, from -1.64% in April 2016. This
was largely on account of a fall in food inflation.

Source: ZIMSTAT, 2016
The year-on-year food inflation shed 0.1
percentage points to -4.1% in May 2016, from
-4.0% in April 2016. This followed declines in
the prices of meat; bread and cereals; milk,
cheese and eggs; oils and fats; vegetables; and
fish and sea food.
Annual non-food inflation for May 2016
remained unchanged at -1.43%, recorded in April
2016. Declines in housing, water, electricity, gas
and other fuels, furniture and household
equipment, transport, clothing and footwear
weighed down non-food inflation in May 2016.
Loans & Advances
85.3%
Bills
Discounted
0.2%
Bankers
acceptances
0.3%
Other
investments
2.9%
Mortgages
11.3%Figure 5: Credit to Private Sector
Figure 5: Credit to Private Sector April 2016
April 2016


Figure 6: Annual Inflation
(%)
Headline Inflation
Food
Non Food


MONTHLY ECONOMIC REVIEW

Increases in education, particularly preschools
and primary education, however, partially offset
the declines.

Monthly Inflation


The month-on-month inflation rate declined from
-0.21% in April 2016 to -0.24% in May 2016,
underpinned by the decline in non-food inflation.
Monthly non-food inflation decelerated to
-0.12% in May 2016, on account of decreases in
communication,
alcoholic
beverages
and
tobacco; clothing and footwear; and furniture and
household equipment.
Monthly food inflation gained marginally, from
-0.51% in April 2016 to -0.49 in May 2016. This
was attributable to increases in the prices of
vegetables, fish and sea food and oils and fats.
NATIONAL PAYMENTS SYSTEM

The value of transactions processed through the
National Payment System registered a 6%
increase from US$6 135.00 million in April
2016, to US$6 486.22 million in May 2016.

Zimbabwe Electronic Transfer Settlement
System (ZETSS)

Transactions processed through the Real Time
Gross Settlement system increased by 8.6% to
US$3 869.19 million in May 2016, from
US$3 564.32 million in April 2016. Similarly,
the volume of transactions registered a 23%
increase from 161 725 in April 2016, to 199 256
in May 2016.
Source: Reserve Bank of Zimbabwe, 2016

Cash transactions

The value of cash transactions stood at
US$729.25 million in May 2016, up from
US$703.28 million in April 2016.


Mobile and Internet Based Transactions

The total value of mobile and internet based
transactions registered a 12% increase from
US$427.29 million in April 2016, to close at
US$479.93 million in May 2016.


May-13
Sep-13
Jan-14
May-14
Sep-14
Jan-15
May-15
Sep-15
Jan-16
May-16
-

VALUE IN US$ BILLIONS
VOLUME IN THOUSANDS
Figure 7: Z
Figure 7: ZETSS Volumes and Values
Values
Volume
Value


MONTHLY ECONOMIC REVIEW

Card Based Transactions

Card based transactions were recorded at
US$418.0 million in May 2016, down from
US$427.7 million registered in April 2016.

Cheque Transactions

Cheque transactions closed the month under
review at US$10.83 million. This represented a
12% increase from the US$9.65 million recorded
in the previous month.


RESERVE BANK OF ZIMBABWE
JULY 2016

MONTHLY ECONOMIC REVIEW
Statistical Tables


1. 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 13

2.2 Sectoral Analysis of Commercial 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

7. Commercial Banks

7.1 Assets

7.2 Liabilities

MONTHLY ECONOMIC REVIEW

8. Merchant Banks

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


13.1 Values of Transactions

13.2 Volumes of Transactions

MONTHLY ECONOMIC REVIEW


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

RBZ Demand Deposits

Comm. Banks Dem. Deposits

Merchant Banks Dem. Deposits

M1

Comm. Banks Savings Deposits

Building Soc. Savings Deposits

P O S B Savings Deposits

Comm. Banks U-30 Day Deposits

Merchant Banks U-30 Day Deposits

Building Soc. U- 30 Day Deposits

M2

Comm. Banks O-30 Day Deposits

Merchant Banks O-30 Day Deposits

Building Soc. O- 30 Day Deposits

Building Soc. Other Share Deposits

P O S B Time Deposits

M3

Source:Reserve Bank of Zimbabwe, 2016
US$ Thousands
TABLE 1.1 : MONETARY AGGREGATES

MONTHLY ECONOMIC REVIEW

MAY
JUNE
JULY
AUGUST
SEPT
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
NET FOREIGN ASSETS

Assets

Reserve Bank (RBZ)

Deposit Money Banks (DMBs)

Other Banking Institutions (OBIs)

Liabilities \2

RBZ

DMBs

OBIs

NET DOMESTIC ASSETS

DOMESTIC CREDIT

Claims on Government (net)

RBZ

DMBs

OBIs

Claims on Public Enterprises

RBZ

DMBs

Agri-PEs

Other

OBIs

Claims on Private Sector

RBZ

DMBs

OBIs

OTHER ITEMS (NET)

BROAD MONEY (M3)

Source:Reserve Bank of Zimbabwe, 2016
1. Building societies and P. O. S. B.
2. Sign reversal.

TABLE 1.2 : BROAD MONEY SURVEY
US$ Thousands


MONTHLY ECONOMIC REVIEW

MAY
JUNE
JULY
AUGUST
SEPT
OCT
NOV
DEC
JAN
FEB
MAR
APR
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 \3

DOMESTIC CREDIT

Claims on Government (net)

RBZ

DMBs

OBIs

Claims on Public Enterprises

RBZ

DMBs

Agri-PEs

Other

OBIs

Claims on Private Sector

RBZ

DMBs

OBIs

OTHER ITEMS (NET)

BROAD MONEY (M3)

Broad Money (M3)

Domestic Credit

Claims on Private Sector

Source:Reserve Bank of Zimbabwe, 2016
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.

TABLE 1.3 : ANALYSIS OF MONTHLY CHANGES IN MONEY SUPPLY (M3)
US$ Thousands


MONTHLY ECONOMIC REVIEW

MAY
JUNE
JULY
AUGUST
SEPT
OCT
NOV
DEC
JAN
FEB
MAR
APR
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 \3

DOMESTIC CREDIT

Claims on Government (net)

RBZ

DMBs

OBIs

Claims on Public Enterprises

RBZ

DMBs

Agri-PEs

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

Source:Reserve Bank of Zimbabwe, 2016
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.

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

MONTHLY ECONOMIC REVIEW


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


INVESTMENTS
ORGANISATIONS

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Source:Reserve Bank of Zimbabwe,2016
/1 Including the only merchant bank still in operation.
TABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES/1
US$ Thousands


MONTHLY ECONOMIC REVIEW

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

Source: Reserve Bank of Zimbabwe,2016
/1 Including the only merchant bank still in operation.
TABLE 2.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS
US$ Thousands


MONTHLY ECONOMIC REVIEW

End Period

(US$ millions)
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

1,002
2,261
1,913
Short-Term External Debt

1,198
1,382
1,289

1,564
2,394
2,258
Supplier's Credits

Reserve Bank

Private

1,807
1,671
Total External Debt

Source: Ministry of Finance & Economic Development, 2016; & Reserve Bank of Zimbabwe, 2016
TABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS)

MONTHLY ECONOMIC REVIEW


End Period
Nominal Lending Rates2
Individuals
Corporate

Jan
6.00-35.00
14.16
9.66
Feb
4.30-33.50
14.00
9.73
Mar
4.30-33.50
13.24
8.75
Apr
4.30-31.00
12.71
8.84
May
5.00-31.00
12.74
8.79
Jun
5.00-31.00
11.94
8.42
Jul
5.00-31.00
11.86
8.56
Aug
4.30-26.00
11.96
8.51
Sep
4.30-25.00
11.81
8.47
Oct
4.00-18.00
10.98
7.28
Nov
4.00-16.25
12.20
7.67
Dec
6.00-16.00
11.99
7.57

Jan
6.00-22.00
12.08
7.38
Feb
4.00-22.00
11.48
7.29
Mar
4.00-22.00
11.44
7.16
Apr
4.00-22.00
11.50
7.20
May
4.00-18.00
11.43
7.35
Source:Reserve Bank of Zimbabwe, 2016
Notes
3. Lending rates exclude rates on staff loans.
TABLE 4.1 LENDING RATES (percent per annum)1
2. Nominal Lending Rates depict the range of rates quoted by banks.
Commercial Banks
Weighted Average Lending Rates 3
1. Table revised, to separate weighted lending rates for individuals and corporate bodies.


MONTHLY ECONOMIC REVIEW

END OF
SAVINGS
3 MONTHS

Jan
0.15-8.00
3.00-17.00
Feb
0.50-12.00
1.00-17.00
Mar
0.50-12.00
1.00-17.00
Apr
0.30-8.00
1.00-17.00
May
0.30-8.00
1.00-17.00
Jun
0.30-8.00
1.00-17.00
Jul
0.30-8.00
1.00-15.00
Aug
0.30-8.00
1.00-15.00
Sep
0.30-8.00
1.00-16.00
Oct
0.50-8.00
1.00-17.00
Nov
0.75-8.00
1.00-17.00
Dec
0.50-8.00
0.75-17.00

Jan
0.50-8.00
0.75-17.00
Feb
0.50-8.00
0.75-17.00
Mar
0.50-8.00
0.75-17.00
Apr
0.50-8.00
0.75-17.00
May
0.50-8.00
0.75-17.00
Source:Reserve Bank of Zimbabwe, 2016
* The range of rates qouted by banks during the period.
TABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)*
COMMERCIAL BANKS

MONTHLY ECONOMIC REVIEW


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


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Source:Zimstat, 2016
NON-FOOD INFLATION
TABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX
( DECEMBER 2012 = 100)


MONTHLY ECONOMIC REVIEW

FOOD
IN FLA TION
A LL
A LC OHOLIC
B EV ER A GES
C LOTHIN G
HOU S IN G,
WA TER ,
FU R N ITU R E
HEA LTH
TR A N S POR T
C OM M U N IC A TION
R EC R EA TION
&
ED U C A TION
R ES TA U R A N TS
&
M IS C .
TOTA L N ON
FOOD &
ITEM S
& TOB A C C O
& FOOTWEA R
ELEC TR IC TY ,
GA S
A N D
C U LTU R E
HOTELS
GOOD S &
FOOD
N ON
A LC OHOLIC
B EV ER A GES
& OTHER
EQU IPM EN T
S ER V IC ES
FU ELS
WEIGHTS


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Source: Zimstat, 2016
N ON - FOOD IN FLA TION
TABLE 5.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \1
(DECEMBER 2012 = 100)

MONTHLY ECONOMIC REVIEW

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

JAN

FEB

MAR

APR

MAY

JUNE

JULY

AUG

SEPT

OCT

NOV

DEC


JAN

FEB

MAR

APR

MAY

Source: Reserve Bank of Zimbabwe, 2016
TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES
1. Foreign currency per US Dollar.
2. US Dollar per unit of foreign

MONTHLY ECONOMIC REVIEW


Foreign
Loans &
Contigent
Other
Non Financial
TOTAL
End of
Notes
Total
Other Balances
Advnces
Assets
Assets
Assets
&
Balances
Balances
Balances
with RBZ
Bond
Coin
with
with Other
at
Trade
Treasury
Agric PEs
Coins
at Banks
RBZ
Banks
Foreign Banks
Bills
Bills

Jan


21.4
2,796.76


Feb


17.9
2,792.50


Mar


15.5
2,925.46


Apr


18.2
2,967.13


May


18.2
2,922.70


Jun


28.8
2,872.55


Jul


28.8
2,815.04


Aug


28.8
2,810.06


Sep


28.0
2,844.13


Oct


26.7
2,884.16


Nov


26.6
2,931.49


Dec


20.8
2,820.54


Jan


20.6
2,763.7


Feb


20.1
2,680.9


Mar


20.3
2,690.6


Apr


20.4
2,653.4


May


19.8
2,681.8


Source:Reserve Bank of Zimbabwe, 2016
Liquid Assets
TABLE 7.1: COMMERCIAL BANKS - ASSETS
Securities
US$ Millions


MONTHLY ECONOMIC REVIEW

Deposits
Capital
Contigent
Other
Total
Of which
and
Liablities
Liablities
Liabilities to the
End of
Demand
Savings and Short-term
Long-term
Total
Foreign Liabilities
RBZ
Other Banks
Reserves
Public

Jan
2,056.2

996.2
561.7
3,614.0


3,614.0

Feb
2,079.6

876.1
611.6
3,567.3


3,567.3

Mar
2,139.3

940.4
513.3
3,593.0


3,593.0

Apr
2,098.7

943.5
629.8
3,672.0


3,672.0

May
2,131.8

1015.3
615.3
3,762.4


3,762.4

Jun
2,213.2

1021.9
593.5
3,828.7


3,828.7

Jul
2,166.4

889.7
732.5
3,788.6


3,788.6

Aug
2,266.7

790.9
723.1
3,780.7


3,780.7

Sep
2,276.7

967.6
648.7
3,892.9


3,892.9

Oct
2,259.9

909.3
667.8
3,837.0


3,837.0

Nov
2,475.9

919.4
580.1
3,975.4


3,975.4

Dec
2,512.2

999.0
543.0
4,054.2


4,054.2

Jan
2,562.6

952.2
558.7
4,073.5


4,073.5

Feb
2,545.7

959.3
572.0
4,077.1


4,077.1

Mar
2,653.7

893.4
680.0
4,227.1


4,227.1

Apr
2,675.3

1008.1
591.9
4,275.3


4,275.3

May
2,764.6

1100.0
449.7
4,314.3


4,314.3

Source:Reserve Bank of Zimbabwe, 2016
TABLE 7.2: COMMERCIAL BANKS - LIABILITIES
US$ Millions
Amounts Owing to


MONTHLY ECONOMIC REVIEW

Foreign
Loans &
Contigent
Other
Non Financial
TOTAL
End of
Notes
Total
Other Balances
Advnces
Assets
Assets
Assets
Bond
&
Balances
Balances
Balances
Liquid
with RBZ
Coins
Coin
with
with Other
at
Trade
Treasury
Agris Pes
Assets
at Banks
RBZ
Banks
Foreign Banks
Bills
Bills

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Source:Reserve Bank of Zimbabwe, 2016
US$ Millions
TABLE 8.1 : ACCEPTING HOUSES - ASSETS
Liquid Assets
Securities


MONTHLY ECONOMIC REVIEW

Of which
Deposits
Capital
Contigent
Other
Total
Liabilities to the
and
Liablities
Liablities
Public
End of
Demand
Savings and Short-term
Long-term
Total
Foreign Liabilities
RBZ
Other Banks
Reserves

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Source:Reserve Bank of Zimbabwe, 2016
Amounts Owing to
TABLE 8.2 : ACCEPTING HOUSES - LIABILITIES
US$ Millions


MONTHLY ECONOMIC REVIEW

Foreign
Mortgage
Other
Other
Non Financial
TOTAL
End of
Notes
Total
Other Balances
Advances
Advances
Assets
Assets
&
Balances
Nostro
with RBZ/1
Bond
Coin
with Other
Balances
Trade
Treasury
Agris Pes
Coins
at Banks
Banks
Bills

Jan


Feb


Mar


Apr


May


Jun


Jul


Aug


Sep


Oct


Nov


Dec


Jan


Feb


Mar


Apr


May


Source:Reserve Bank of Zimbabwe, 2016
Liquid Assets
Securities
TABLE 9.1 : BUILDING SOCIETIES - ASSETS
US$ Millions


MONTHLY ECONOMIC REVIEW

Of which
Capital
Other
Total
Liabilities to the
and
Liabilities
Public
End of
Savings and Short-term
Long-term
Total
Foreign Liabilities
Other Banks
Reserves

Jan


770.2
Feb


806.2
Mar


794.4
Apr


828.9
May


863.6
Jun


836.8
Jul


828.9
Aug


824.5
Sep


833.2
Oct


893.7
Nov


920.4
Dec


944.4

Jan


890.7
Feb


888.6
Mar


882.8
Apr


875.9
May


859.2
Source:Reserve Bank of Zimbabwe, 2016
Deposits
TABLE 9.2 : BUILDING SOCIETIES - LIABILITIES
US$ Millions
Amounts Owing to

MONTHLY ECONOMIC REVIEW


Market Capitalisation
Industrial
Mining
Market Turnover(US$)
Volume of Shares
US$ Millions

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Source:Zimbabwe Stock Exchange (ZSE),2016
Indices
Table 10: ZIMBABWE STOCK MARKET STATISTICS


MONTHLY ECONOMIC REVIEW

Commercial
Building
End of
Banks
P.O.S.B.
Societies
TOTAL

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Source:Reserve Bank of Zimbabwe, 2016
1/ Comprises all deposits other than demand deposits.
TABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS
US$ Millions


MONTHLY ECONOMIC REVIEW

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

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Source:Reserve Bank of Zimbabwe, 2016
1/With effect from 1 August 2011, the prescribed liquid asset ratio was reviewed from 20% to 25% of liabilities to the public.
US$ Millions
TABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS
Commercial Banks
Accepting Houses


MONTHLY ECONOMIC REVIEW

MONTH
ZETSS
CHEQUE
POS
ATM
MOBILE INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep
3,762.7


Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Source:Reserve Bank of Zimbabwe, 2016
TABLE 13.1 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY
Values of Transactions (US$ millions)


MONTHLY ECONOMIC REVIEW

MONTH
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Annual Total 2,062.6
361.73
14,543.3 13,413.3 228,723.3
560.2

Jan

Feb

Mar

Apr

May

Source:Reserve Bank of Zimbabwe, 2016
TABLE 13.2 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL
Volumes of Transactions (in thousands)