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October 2024

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TABLE OF CONTENTS


OVERVIEW
Month-on-month inflation accelerated from
5.8% in the previous month to 37.2% in
October
2024,
largely
driven
by
the
depreciation of the local currency.
Broad money (M3) stock increased by 16.76%
to ZiG87,582.92 million in October 2024, from
ZiG75,007.96 million in September 2024, on
account of valuation changes related to
exchange rate depreciation.

On the capital markets, the Zimbabwe Stock
Exchange (ZSE) exhibited bullish trends for the
sixth straight month, while the Victoria Falls
Stock Exchange (VFEX) traded in the negative
trajectory.

The value of aggregate transactions processed
through the National Payment Systems (NPS)
increased by 51% to ZiG190.36 billion in
October 2024 from ZiG125.80 billion recorded
in the previous month. Similarly, NPS volumes
increased by 4% to 64.23 million from 61.58
million recorded in September 2024.
On the international commodity markets,
monthly average prices for gold, platinum,
palladium, crude oil, nickel and copper
increased, while lithium prices declined in
October 2024.

During the month under review, total
merchandise exports stood at US$698.1
million, while the country’s import bill stood at
US$835.8 million during the same month.
Consequently, the country’s trade deficit stood
at US$137.7 million, down from the US$209.5
million recorded in September 2024.
INTERNATIONAL COMMODITY
PRICE DEVELOPMENTS
The international monthly average prices for
most selected commodities exhibited an
upward trend during the review period. The
evolution in selected international commodity
prices during the month under analysis is
shown in Table 1.
Table 1: International Commodity Prices
for Sept and October 2024
Commodity
Sept-24
Oct-24
Monthly
changes
(%)
Gold
US$/oz
2,568.69
2,690.47
4.74
Platinum
US$/oz
963.71
999.80
3.74
Palladium
US$/oz
1,017.51
1,069.39
5.10
Copper
US$/t
9,387.31
9,668.91
3.00
Nickel
US$/t
16,377.29
16,996.07
3.78
Brent Crude
oil
US$/bbl.
72.94
75.13

3.00
Lithium
US$/t
10,076.86
9,549.13
(5.24)
Source: Bloomberg, 2024

Gold
Gold prices per ounce rose by 4.7%, from
US$2,568.69 in September to US$2,690.47 in
October 2024. The price increases were
supported by heightened demand for safe haven
assets amid geopolitical tensions in the Middle
East and escalating U.S-China relations.

Platinum
During the month under review, platinum
prices strengthened on account of weak supply
growth, amid an improved demand outlook, as
well as ongoing tensions in major platinum-
producing countries. Consequently, prices
gained by 3.7%, from an average of US$963.71
in the previous month to US$999.80 per ounce
in October 2024.

Palladium
Palladium price was primarily driven by strong
demand from the automotive catalyst sector,
coupled with subdued supply and potential
production cuts in major producing regions. As
a result, prices rose by 5.1%, to US$1,069.39
per ounce during the month under review,
compared to US$1,017.51 per ounce in
September 2024. The price trends of precious
metals from October 2023 to October 2024 are
shown in Figure 1.

Figure 1: Monthly Precious Metal Prices (in
US$ per Ounce): October 2023 – October

Source: Bloomberg, 2024

Brent Crude Oil
During the month of October 2024, Brent crude
oil prices increased by 3%, from an average of
US$72.94 per barrel in the previous month, to
US$75.13 per barrel in October 2024. The price
increase was largely driven by anticipation of
supply-side risks due to potential disruptions in
the Middle East, along with expected growth in
energy demand in the U.S and China. Figure 2
shows developments in oil prices for the period
from October 2023 to October2024.

Figure
2:
Brent
Crude
Oil
Prices
(US$/Barrel) October 2023 – October 2024

Source: Bloomberg, 2024

Copper
Copper prices increased by 3%to US$9,668.91
per tonne in October 2024 from US$9,387.31
per tonne recorded in the prior month, fuelled
by optimism regarding demand in China after
the announcement of several stimulus measures
by Beijing.

Nickel
Nickel
prices
increased
by
1%,
from
US$16,377.29 per tonne recorded in September
2024 to US$16,996.07 per tonne in October
2024. The increase was attributed to a more
favourable demand outlook for the metal in
China, the world’s largest consumer of the base
metal. Figure 3 shows base metal price
developments for the period from October 2023
to October 2024.


Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
Jun-24
Jul-24
Aug-24
Sep-24
Oct-24
US$/ounce
US$/ounce
Gold
Palladium
Platinum (RHS)

Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
Jun-24
Jul-24
Aug-24
Sep-24
Oct-24
US$/barrel

Figure 3: Base Metal Prices (US$/tonne):
October 2023 – October 2024
Source: Bloomberg 2024


Lithium
During the month of October 2024, lithium
prices declined by 5.2%, from US$10,076.86
per tonne in the prior month to US$9,549.13
per tonne, driven by persistent concerns about
an oversupplied market, as evidenced by rising
global stockpiles. The price developments for
lithium for the period from October 2023 to
October 2024 are shown in Figure 4.


Figure 4: Lithium Prices (US$/tonne)
October 2023 –October 2024

Source: London Metal Exchange, 2024

Merchandise Trade Developments
The country's total merchandise trade stood at
US$1,533.9 million in October 2024, marking
a 12.8% increase from US$1,359.4 million in
September 2024. The rise in total trade was
mainly driven by gains in both exports and
imports during the reporting period. Total
merchandise trade also declined by 11.5%,
from US$1,733.4 million when compared to
October 2023.

Merchandise Exports
The country exported merchandise increased
by 21.4% to US$698.1 million in October
2024, from US$575.0 million in September
2024, primarily driven by higher shipments of
gold and tobacco during the month. The
monthly exports for October 2024 were,
however, 16.1% lower than the US$831.9
million recorded in the corresponding month in
2023. Figure 5 illustrates the trends in the
country’s merchandise exports from January
2023 to October 2024.


Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
Jun-24
Jul-24
Aug-24
Sep-24
Oct-24
US$/tonne
US$/tonne
Copper
Nickel (RHS)


Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
Jun-24
Jul-24
Aug-24
Sep-24
Oct-24
US$/tonne

Figure 5: Merchandise Exports (US$
millions): 2023 and 2024

Source: ZIMSTAT, 2024

Exports by Commodity
Primary commodities, including gold, tobacco,
platinum
group
metals
(PGMs)
and
ferrochromium, continued to dominate the
country’s export profile. These commodities
accounted for 42.4%, 20.0%, 17.0%, and 4.8%
of the total export basket, respectively. Table 2
outlines the developments in the country’s
exports for September and October 2024.
Table 2: Major Exports (US$ millions)

Sept-24
(US$m)
Oct-24
(US$m)
Sept-Oct
Changes
(%)
Share of
Exports
(%) Oct-24
Total

Of Which:


Gold

Tobacco
(Including
cigarettes)

PGMS

Coal

Ferrochromium

Other ores and
concentrates

Other mineral
substances

Chromium ores
and concentrates

Industrial
diamonds

Others

Source: ZIMSTAT & RBZ Calculations, 2024
*PGMs Include Nickel mattes, nickel ores &
concentrates and platinum

Export Markets
During the reporting month, the country’s
exports were mostly destined for United Arab
Emirates (42%), South Africa (24.7%), and
China (10.5%), along with other destinations.
Figure 6 shows the country’s major export
destinations during the month under review.

Figure 6: Top Ten Merchandise Export
Destinations (% Share)


Source: ZIMSTAT & RBZ Calculations, 2024

Merchandise Imports
The country’s import bill amounted to
US$835.8 million, reflecting a 6.5% increase
from US$784.4 million reported in the previous
month. This value is, however, lower than the
US$901.6 million recorded in the comparable
month in 2023, as shown in Figure 7.

Jan Feb Mar Apr May Jun
Jul Aug Sep Oct


United Arab Emirates
South Africa
China
Mozambique
Viet Nam
Zambia
Belgium
Netherlands
Indonesia
United States

Figure 7: Merchandise Imports (US$
millions): 2023 and 2024
Source: ZIMSTAT & RBZ Computations, 2024
Imports by Commodity
During the month of October in 2024, the
country’s import basket was predominantly
composed of diesel, maize, petrol and crude
soya bean oil, which accounted for 11.1%,
5.0%, 4.9% and 3.2% of total imports,
respectively. Table 3 presents imports of major
commodities for the months of September and
October 2024.
Table 3: Major Imports (US$ millions)

Sept-24
(US$
m)
Oct-24
(US$
m)
Sept- Oct
Changes
(%)
Share of
Total
Imports
(%)
Oct-24
Total

Of Which:


Diesel

Maize

Rice

Petrol

Electricity

Fertilizers

Crude soya
bean oil

Wheat

Butanes

Vehicles,
parts, and
accessories
excluding
railway

Others

Source: ZIMSTAT & RBZ Calculations, 2024
The country sourced most of its imports from
South Africa, which accounted for 39.6% of
total imports. This was followed by China
(13.8%), Bahamas (8.3%), and Singapore
(5.7%). Figure 8 shows the country’s top
import sources in October 2024.
Figure 8: Top Ten Merchandise Import
Sources (% Share)

Source: ZIMSTAT & RBZ Calculations, 2024

Merchandise Trade Balance
The country’s trade deficit stood at US$137.7
million in October 2024, down from the
US$209.5 million recorded in the previous
month; and up from US$69.7 million in the
comparable period in 2023. Figure 9 shows the
country’s trade balance for the period January
to October 2024.

Jan Feb Mar Apr May Jun Jul Aug Sep Oct


South...
China
Bahamas
Singapore
Mozambi...
Zambia
Hong Kong
Mauritius
Germany
India

Figure 9: Merchandise Trade Balance (US$
millions)

Source: ZIMSTAT & RBZ Computations, 2024

MONETARY DEVELOPMENTS1
Broad money (M3) stock increased by 16.76%
from ZiG75,007.96 million recorded in
September 2024 to ZiG87,582.92 million in
October 2024.
The increase in broad money largely reflected
valuation changes related to exchange rate
depreciation. The exchange rate depreciated
from ZiG24.88 per US$1 at the end of
September 2024 to ZiG28.68 per US$1 at the
end of October 2024.
In levels, the foreign currency component of
broad money increased by 19.75%, from
ZiG63,250.67 million in September 2024 to
ZiG75,740.88 million in October 2024. The
local currency component recorded a monthon-month
growth
of
0.72%,
from
ZiG11,757.29 million to ZiG11,842.04 million.

1 All monetary numbers are valued in ZiG since the
introduction of the new currency in April 2024.
The money stock comprised foreign currency
deposits, 86.48%; local currency deposits,
13.36%; and local currency in circulation,
0.11%.
Figure 10 shows the composition of the money
supply.
Figure 10: Composition of Money Supply
Source: Reserve Bank of Zimbabwe, 2024

During the month under review, domestic
credit
increased
by
15.33%,
from
ZiG70,625.38 million in September 2024 to
ZiG81,454.80 million. Credit to the private
sector and net claims on the Government all
recorded
month-on-month
expansions
of
15.45%, from ZiG50,454.50 million and
ZiG17,989.09 million to ZiG58,250.40 million
and ZiG20,769.28 million, respectively.
Outstanding credit to the private sector was
mainly channelled to households, agriculture,
manufacturing,
and
distribution,
which
received 27.83%, 16.12%, 15.06%, and
11.21% of the total credit, respectively. The
mining sector, however, received 10.77% of
the total outstanding credit.
Private sector credit shares for the rest of the
economic sectors are shown in Figure 11.

Jan-24
Feb-24
Mar-24
Apr-24
May-24
Jun-24
Jul-24
Aug-24
Sep-24
Oct-24
Exports
Imports
Trade Balance
NCDs,
0.05%
Local Currency Time
Deposits, 1.41%
FX Time
Deposits, 7.60%
Local Currency
Transferable ,
11.95%
FX Transferable
Deposits, 78.88%
Currency in
Circulation,
0.11%

Figure 11: Distribution of Private Sector
Credit

Source: Reserve Bank of Zimbabwe, 2024

Credit to the private sector was largely utilized
for recurrent expenditures, 35.31%; inventory
build-up,
25.75%;
and
fixed
capital
investments, 14.71%.

STOCK MARKET DEVELOPMENTS
Zimbabwe Stock Exchange (ZSE)
The Zimbabwe Stock Exchange exhibited
bullish sentiments for the sixth consecutive
month in October 2024. As a result, the All
Share and Top 10 indices added 18.78% and
16.51% to close at 289.12 points and 302.87
points, respectively.

In the same vein, the Top 15 and Medium Cap
indices rose by 16.72% and 39.06% to close at
299.88 points and 267.81 points, respectively

The resource index, however, remained
stagnant at 251.68 points during the same
month.

Figure 12: ZSE All Share, Top 10 and
Mining Indices

Source: Zimbabwe Stock Exchange, 2024

During the month under review, trading
activity was concentrated in some selected
blue-chip counters with pristine balance sheets,
albeit on low volumes. Consequently, market
turnover increased by 83.62% to ZiG502.84
million despite a 58.34% decline in cumulative
volume of shares traded, amounting to 107.12
million shares. There were notable lump-sum
trade deals in which 32 million Econet Wireless
Zimbabwe Limited shares exchanged hands at
ZiG482 cents per share, during the reporting
month.

Owing to improved investor interest, the
proportion of foreign purchases to the value of
shares traded, improved from 0.99% in
September 2024 to 6.17% in October 2024.

Net foreign position, however, worsened from
a negative position of ZiG6.37 million in
September 2024 to a negative position of
ZiG130.63 million in October 2024.

Households
27.83%
Agriculture
16.12%
Mining
10.77%
Manufacturing
15.06%
Distribution
11.21%
Transport and
Communication
2.48%
Services
7.52%
Financial
Organisations and
Investiments
6.00%
Construction
3.01%
Other
0.01%

04-Jul-24
11-Jul-24
18-Jul-24
25-Jul-24
01-Aug-24
08-Aug-24
15-Aug-24
22-Aug-24
29-Aug-24
05-Sep-24
12-Sep-24
19-Sep-24
26-Sep-24
03-Oct-24
10-Oct-24
17-Oct-24
24-Oct-24
31-Oct-24
ALL SHARE AND TOP 10 INDICES
ZSE ALL SHARE INDEX
Top 10 Index
Mining Index (Points)

Figure 13: ZSE Monthly Volume and Value
Traded

Source: Zimbabwe Stock Exchange, 2024

In line with the developments on the ZSE, the
market added 20.29%, or ZiG15,115.77 million
worth
of
capitalization
to
close
at
ZiG89,605.28
million,
compared
to
ZiG74,489.51 million recorded in the previous
month.

Victoria Falls Stock Exchange (VFEX)

The Victoria Falls Stock Exchange (VFEX)
exhibited bearish sentiments in October 2024.
The All-Share index lost 2.78% to close at
104.37 points, compared to 107.35 points
recorded in September 2024. On an annual
basis, the VFEX All Share index rose by
53.91%, from 67.81 points recorded in October
2023.


Figure 14: Victoria Falls Stock Exchange
(VFEX) All Share Index (ASI)

Source: Victoria Falls Stock Exchange, 2024

VFEX Market Capitalization
Reflecting subdued trading activity on the
VFEX, market capitalization declined by
2.78% to US$1,260.55 million, compared to
US$1,296.58 million recorded in the previous
month.


Figure 15: Victoria Falls Stock Exchange
(VFEX) Market Capitalization (US$ Billion)

Source: Victoria Falls Stock Exchange (VFEX), 2024

Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
Jun-24
Jul-24
Aug-24
Sep-24
Oct-24
VALUE TRADED ZIG MILLIONS
VOLUME TRADED (MILIONS)
Volume
Value

28-Oct-23
28-Nov-23
28-Dec-23
28-Jan-24
28-Feb-24
28-Mar-24
28-Apr-24
28-May-24
28-Jun-24
28-Jul-24
28-Aug-24
28-Sep-24
28-Oct-24


Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
Jun-24
Jul-24
Aug-24
Sep-24
Oct-24
US$ BILLIONS

NATIONAL PAYMENTS SYSTEM
The value of aggregate transactions processed
through the National Payment Systems (NPS)
increased by 51% to ZiG190.36 billion in
October 2024 from ZiG125.80 billion recorded
in the previous month. NPS volumes also
increased by 4% to 64.23 million from 61.58
million recorded in September 2024.

Zimbabwe Electronic Transfer Settlement
System (ZETSS)

The value of transactions processed through the
Real Time Gross Settlement (RTGS) system in
October 2024 increased by 68% to ZiG109.55
billion, from ZiG65.05 billion in September
2024.

Similarly, the volume of RTGS transactions
increased by 1% from 1.01 million in the
previous month to close at 1.02 million in
October 2024.

Mobile and Internet Based Transactions
Mobile
and
internet-based
transactions
increased by 32% to ZiG67.06 billion in
October 2024, from ZiG50.74 billion in
September 2024.

Cash Transactions
Cash based transactions decreased by 7.28% to
ZiG9.04 billion in October 2024, from ZiG9.75
billion in September 2024 in line with the
transition to a cash lite economy.

Card Based Transactions
Card based transactions increased by 37.13% to
ZiG13.74 billion during the month under
review, from ZiG10.02 billion in September
2024.

INFLATION OUTTURN
During the reporting month, the ZiG inflation
increased, while the US$ inflation remained
stable. The ZiG inflation was largely driven by
the depreciation of the local currency,
following the Monetary Policy measures
announced on 27th September 2024.

US$ Annual Inflation Developments
Annual headline inflation slowed down from
4.2% recorded in the previous month, to 4.1%
in October 2024.

Figure
16:
US$
Annual
Inflation
Developments (%)

Source: ZIMSTAT, 2024

Monthly Inflation
During the reporting month, the US$ monthon-month inflation rate remained stable at
0.7%. The ZiG monthly inflation rate, however,
increased from 5.8% recorded in September
2024, to 37.2% in October 2024. Resultantly,
weighted monthly inflation rose from 1.9% in
September 2024 to 7.3% in October 2024.


Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
Jun-24
Jul-24
Aug-24
Sep-24
Oct-24

Figure 17 shows developments in monthly ZiG
inflation from May 2024 to October 2024.

Figure 17: Month-on-Month Inflation (%)

Source: ZIMSTAT, 2024


DECEMBER 2024
RESERVE BANK OF ZIMBABWE

May-24
Jun-24
Jul-24
Aug-24
Sep-24
Oct-24

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. Exchange Rates

Zimbabwe Stock Exchange
11. Zimbabwe Stock Market Statistics

National Payments System Statistics


12.1 Values of Transactions

12.2 Volumes of Transactions

Trade Statistics


13. Merchandise Trade Statistics

TABLE 1: DEPOSITORY CORPORATIONS SURVEY (ZWG '000)
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
*Apr-24
*May-24
*Jun-24
*Jul-24
*Aug-24
*Sep-24
*Oct-24
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)

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 (Time Deposits)

of which Foreign Currency Accounts

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, 2024
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
*Statistics are denominated in ZiG

Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
*Apr-24
*May-24
*Jun-24
*Jul-24
*Aug-24
*Sep-24
*Oct-24
Net Foreign Assets

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

Amounts Due from Gvt including SDR Drawdowns

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)

Shares and Other Equity

Other Items(Net)

Liabilities to Other Resident Sectors

Deposits and Securities Excluded from Base Money

Monetary Base

Bond Coins

Bond Notes

Zig Notes

ZiG Coins

Liabilities to ODCs

Local Currency Reserve Deposits

Foreign Currency Reserve Deposits

Exess reserves

Private Deposits

Source: Reserve Bank of Zimbabwe, 20234
NB: * Other Foreign Liabilities include blocked funds amounting to USD2.2 billion assumed by the Central Bank on behalf of Government.
*Statistics are denominated in ZiG
TABLE 2: CENTRAL BANK SURVEY (ZWG'000)

TABLE 3 : OTHER DEPOSITORY CORPORATIONS SURVEY ( ZWG '000)
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
*Apr-24
*May-24
*Jun-24
*Jul-24
*Aug-24
*Sep-24
*Oct-24
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
17 590 333 042,62

18 838 163 125,87

29 182 930 103,98

40 568 677 127,34

59 114 397 682,94

38 621 441,08

40 645 105,30

42 530 970,04

45 632 719,17

46 313 212,53

74 560 409,93

86 923 945,26

Transferable Deposits
16 351 245 253,30

17 550 959 163,20

27 433 139 639,80

37 763 111 417,94

54 658 584 424,60

35 915 961,93

37 368 646,98

38 710 519,24

41 742 426,77

42 434 906,62

68 693 995,54

79 031 446,06

of which FCAs
12 751 597 340,40

13 391 882 427,59

22 891 974 397,20

32 954 377 682,43

47 588 241 673,51

29 421 560,87

29 788 818,17

30 114 642,50

31 415 685,01

31 648 530,18

58 109 730,00

68 608 644,80

Other Deposits (Time Deposits)

of which FCAs

Money Market Instruments
4 173 191,32

42 811 406,21

7 317 942,35

9 458 363,45

6 990 856,69

2 795,45

4 372,61

3 991,57

19 182,77

26 605,39

23 833,50

42 725,53

Source:Reserve Bank of Zimbabwe, 2024
*Statistics are denominated in ZiG

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

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


May
1 906,1

30 579,1

94 330,9

7 907,2

63 644,8


Jun
1 702,8

30 255,6

75 795,2

25 605,9

72 780,6


Jul
2 139,9

30 509,1

104 983,5

17 817,9

82 032,9


Aug
2 551,1

33 323,4

93 806,9

11 919,2

72 753,9


Sep
2 853,7

38 500,1

100 996,0

8 626,8

68 707,9


Oct
2 611,1

50 074,7

108 009,2

9 575,8

89 822,4


Nov
2 721,5

53 424,3

107 781,7

15 560,6

74 072,3


Dec
2 838,3

50 031,0

118 451,3

13 654,0

91 352,6


Jan
2 891,2

53 378,3

116 654,8

13 232,3

69 668,2


Feb
2 577,7

62 064,5

122 479,8

17 480,5

76 802,2


Mar
2 111,5

76 544,2

142 962,5

19 239,6

87 884,5


Apr
2 624,9

74 716,9

160 466,5

28 352,1

123 190,3


May
3 155,9

142 118,9

236 166,0

35 928,9

207 812,8


Jun
2 801,2

138 347,1

266 691,8

45 952,0

241 920,1


Jul
2 427,6

159 024,6

315 832,5

39 388,2

230 432,5


Aug
2 640,6

263 637,4

411 439,9

69 203,5

311 107,0


Sep
3 030,7

289 230,8

504 071,1

75 446,7

417 007,1


Oct
3 022,6

300 240,3

525 870,3

104 483,2

389 979,7


Nov
3 251,4

286 365,2

575 885,7

111 716,1

342 790,1


Dec
3 361,7

295 435,1

652 284,4

119 932,8

351 906,8


Jan
4 923,3

379 841,7

704 168,6

151 980,1

389 342,8


Feb
1 880,1

436 062,8

743 888,5

81 067,5

518 081,0


Mar
2 031,6

425 326,5

817 631,1

112 374,3

531 935,4


Apr
1 844,7

462 081,4

972 122,7

161 740,7

620 095,0


May
1 107,2

1 048 116,4

2 049 066,1

309 234,1

1 554 969,0


Jun
1 984,5

2 249 201,6

4 424 350,0

471 360,3

3 050 984,1


Jul
1 489,0

1 584 403,3

4 137 377,2

380 493,0

3 132 849,9


Aug
2 292,1

1 505 916,2

4 651 358,8

448 025,8

3 179 274,3


Sep
2 465,6

2 015 621,6

5 263 338,5

560 033,8

3 210 332,7


Oct
2 425,4

2 312 575,1

5 910 277,9

751 077,6

2 663 186,5


Nov
2 705,3

2 558 589,3

6 324 144,1

730 377,0

2 788 783,6


Dec
3 398,4

2 868 505,6

5 973 706,9

918 524,5

2 631 445,7


Jan
2 947,9

5 196 670,6

9 096 074,6

1 414 527,9

3 957 664,6


Feb
3 143,6

7 309 077,0

12 595 037,9

2 395 225,7

5 340 576,7


Mar
2 831,0

9 785 505,6

16 734 744,0

3 185 636,7

7 548 560,1


*Apr
7,5

4 794,8

11 004,0

2 108,7

5 798,1


*May
15,0

4 337,6

12 420,7

2 281,4

6 437,2


*Jun
9,2

4 753,1

12 746,0

2 349,5

6 493,3


*Jul
7,5

5 739,9

11 453,3

1 987,0

6 135,6


*Aug
6,4

6 444,9

13 516,2

2 310,5

4 922,1


*Sep
7,9

10 895,9

22 399,7

3 870,6

8 728,6


*Oct
56,7

13 662,1

30 414,7

5 068,5

8 024,4


Source:Reserve Bank of Zimbabwe, 2024
Notes
1.Government securities includes treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households, other financial corporations.
*Statistics are denominated in ZiG
Public Enterprises
TABLE 4.1: OTHER DEPOSITORY CORPORATIONS -ASSETS
ZWG millions
Debt Securities
Loans and Advances
Government1
Securities

End of

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

*May

*Jun

*Jul

*Aug

*Sep

*Oct

Source: Reserve Bank of Zimbabwe, 2024
*Statistics are denominated in ZiG
TOTAL
Time Deposits
Savings
Demand
Government
Total
Other Finacial
Corporations
Capital and
Reserves
Contigent
Liabilities
Other
Liabilities
Other
Depository
Total Deposits from
the Public
Other Depository
Corporations
Debt Securities
Foreign
Liabilities
RBZ
TABLE 4.2 : OTHER DEPOSITORY CORPORATIONS - LIABILITIES
Deposits
Amounts Owing to
ZWG millions

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
TOTAL
Coins
Coin
RBZ
Corporations
Foreign Banks
Non-residents
Securities
securities

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

May
1 648,09

28 677,21

87 611,51

6 479,66

59 745,10

11 582,44

18 846,75

-

152,75

93,37

21,77

16,58

1 263,75

94 790,46

990,41

35 592,28

21 398,95

31 307,45

400 218,5

Jun
1 419,27

28 452,53

69 413,26

24 215,35

70 835,98

17 601,31

17 152,75

-

19,46

92,91

17,91

77,79

1 511,86

106 954,15

1 247,08

26 856,45

26 444,57

33 288,94

425 601,6

Jul
1 794,72

29 100,73

97 429,50

15 901,02

79 937,02

25 314,30

21 665,10

-

290,76

47,39

17,32

67,80

1 351,13

117 348,16

1 301,18

26 869,18

29 079,64

33 587,68

481 102,6

Aug
2 137,72

31 734,84

85 441,98

9 099,10

70 391,64

25 194,95

31 434,20

-

339,72

51,28

22,49

63,94

1 583,28

132 522,63

1 337,19

32 281,12

30 022,43

37 697,05

491 355,6

Sep
2 417,81

36 259,54

93 032,71

6 164,78

66 640,78

25 023,38

31 460,81

-

366,88

57,60

21,07

62,45

1 531,08

134 780,92

1 342,62

31 980,97

30 439,34

34 630,85

496 213,6

Oct
1 993,06

47 379,62

99 470,02

7 339,71

86 302,62

26 924,18

37 639,16

-

188,07

121,59

21,20

75,41

1 683,89

149 477,36

1 523,34

49 580,96

40 853,06

36 664,31

587 237,6

Nov
2 168,80

49 327,15

100 125,90

12 723,73

71 667,33

29 748,47

41 015,56

-

187,03

999,12

21,24

74,76

1 882,53

168 661,25

1 484,24

52 327,68

40 073,22

43 878,52

616 366,5

Dec
2 315,32

46 412,99

109 803,84

10 942,92

87 347,07

33 690,93

38 610,29

-

185,99

4 146,13

21,09

167,53

2 798,61

184 836,87

3 368,75

60 916,98

41 811,67

59 011,63

686 388,6

Jan
2 359,27

49 206,02

108 119,97

10 419,90

66 808,45

30 774,31

38 636,84

-

186,80

801,50

20,33

163,02

3 628,73

199 495,34

2 997,94

53 627,76

47 405,91

69 989,80

684 641,9

Feb
1 971,78

57 553,54

112 522,99

14 300,66

70 750,63

28 703,53

44 705,21

-

-

976,55

20,34

158,06

5 367,16

215 520,37

3 055,50

55 099,61

53 459,12

70 832,47

734 997,5

Mar
1 541,49

70 856,33

130 423,48

15 503,46

82 662,70

43 284,13

44 874,23

-

-

1 380,20

19,40

253,42

6 240,94

258 715,05

3 092,69

65 660,61

58 874,69

76 938,87

860 321,7

Apr
1 939,64

70 204,43

144 168,02

23 452,88

117 033,42

26 628,79

57 772,47

-

-

722,54

37,54

252,44

6 858,06

305 476,79

4 348,46

53 372,28

62 788,55

71 414,75

946 471,1

May
2 397,94

131 996,38

211 837,59

31 586,61

190 366,81

61 757,62

64 373,91

-

154,99

1 559,14

41,28

289,00

16 193,81

398 048,90

4 712,74

134 993,54

94 851,60

111 543,84

1 456 705,7

Jun
2 263,18

127 839,16

234 109,43

40 937,28

219 607,39

63 631,76

83 690,44

-

653,97

2 159,12

61,20

226,29

13 888,60

478 163,38

8 954,46

169 511,81

110 528,09

168 440,54

1 724 666,1

Jul
1 578,47

147 217,74

284 912,89

34 334,13

202 815,28

41 246,78

86 971,63

-

394,34

1 852,14

100,65

349,68

22 516,21

556 692,12

9 737,92

144 090,18

129 869,55

192 524,32

1 857 204,0

Aug
1 630,70

247 190,46

377 078,80

64 650,96

273 181,97

29 186,59

95 346,12

-

330,12

3 556,96

113,50

287,14

26 564,57

681 253,30

11 493,92

167 029,36

238 442,98

194 745,11

2 412 082,6

Sep
1 791,71

270 594,59

465 301,31

68 020,95

370 323,69

18 184,96

134 414,53

-

267,40

4 916,56

115,11

306,33

21 773,50

806 774,24

12 680,89

146 133,14

215 417,68

219 933,24

2 756 949,8

Oct
1 704,79

281 204,64

480 106,49

94 573,08

343 440,15

22 895,35

136 939,74

-

204,69

2 201,55

116,48

341,96

22 935,50

852 069,39

15 525,65

165 306,91

232 188,99

245 924,22

2 897 679,6

Nov
1 644,95

259 109,18

533 438,97

101 870,32

299 715,01

17 089,04

180 534,44

-

141,97

2 292,28

119,53

303,55

22 178,73

960 814,77

15 450,39

170 944,78

196 338,19

250 551,19

3 012 537,3

Dec
1 778,71

263 863,65

603 136,26

110 935,77

299 087,30

7 965,37

266 725,41

-

79,26

3 887,78

114,42

282,61

30 272,25

1 066 654,12

16 130,63

159 126,16

189 560,01

344 235,10

3 363 834,8

Jan
2 391,61

340 953,56

654 740,29

143 455,70

335 380,17

(1 443,59)

301 026,07

-

105,97

4 873,87

228,45

251,24

44 113,17

1 307 512,98

17 767,70

227 545,42

204 830,78

374 080,77

3 957 814,2

Feb
1 470,56

366 544,71

691 937,49

71 097,36

452 795,43

21 074,53

306 913,92

-

50,02

1 524,98

318,96

197,44

44 691,50

1 481 851,05

18 037,18

226 932,96

224 983,29

411 002,80

4 321 424,2

Mar
1 771,98

344 570,46

755 463,34

103 284,07

478 333,21

41 928,66

330 669,68

-

-

3 884,11

432,22

149,78

48 725,38

1 679 284,89

28 439,56

554 840,85

254 605,57

438 790,17

5 065 173,9

Apr
1 631,24

388 822,83

903 029,49

144 252,31

555 886,92

32 206,95

361 846,09

-

-

8 716,45

559,82

99,28

54 058,39

1 722 384,40

28 899,91

214 270,92

321 765,39

476 263,19

5 214 693,6

May
1 010,26

907 818,70

1 932 225,57

281 052,93

1 351 116,97

84 147,32

570 367,60

-

-

8 974,78

4 599,15

80,34

112 188,06

3 844 133,80

65 696,39

607 438,10

669 908,72

758 154,17

11 198 912,9

Jun
1 762,11

1 979 000,71

4 218 755,04

444 538,09

2 584 596,63

350 042,51

865 465,55

-

-

221,09

10 133,46

8 052,34

260 946,26

8 487 837,63

92 224,26

1 390 786,24

1 304 228,92

2 222 499,38

24 221 090,2

Jul
1 305,13

1 428 604,02

3 898 282,53

359 151,15

2 646 743,26

337 541,82

1 133 463,14

-

-

153,30

7 368,09

68,07

208 253,70

6 917 007,30

129 308,58

829 382,28

1 155 945,57

2 438 538,20

21 491 116,1

Aug
1 664,09

1 370 651,81

4 309 693,74

391 792,23

2 693 989,06

208 098,88

1 084 784,90

-

-

138,30

7 469,95

75,80

205 341,47

6 863 348,14

127 816,16

701 626,16

1 081 800,09

2 446 465,02

21 494 755,8

Sep
1 503,56

1 763 364,33

4 914 305,55

517 813,92

2 760 807,78

247 094,60

1 204 684,14

-

-

9,75

9 935,82

92,05

219 878,94

8 245 053,80

151 685,43

776 997,57

1 312 147,78

2 668 520,81

24 793 895,8

Oct
1 977,18

2 059 471,85

5 625 069,70

562 790,91

2 202 475,21

175 235,94

1 172 130,22

-

-

0,03

10 816,83

98,06

237 525,73

8 864 363,09

153 534,70

958 746,42

1 351 846,54

2 767 099,33

26 143 181,7

Nov
2 295,18

2 278 921,91

5 913 094,15

568 556,41

2 451 981,00

180 229,25

1 337 040,40

-

-

0,03

10 921,42

59,77

238 702,30

9 040 518,08

158 702,11

1 046 256,98

1 702 370,26

2 868 031,98

27 797 681,2

Dec
2 947,49

2 536 437,97

5 489 443,24

657 432,63

2 268 702,96

155 742,88

2 420 663,39

-

-

0,03

12 324,59

73,45

248 699,79

9 507 281,46

255 007,08

1 184 706,91

1 748 495,98

3 349 062,31

29 837 022,2

Jan
2 536,36

4 749 173,95

8 535 153,83

940 210,80

3 564 879,01

285 807,60

3 972 600,87

-

-

0,03

17 912,41

198,80

374 088,29

14 957 169,30

312 516,30

1 949 662,45

2 737 500,88

4 289 981,53

46 689 392,4

Feb
2 519,25

6 564 463,71

11 709 703,62

1 772 649,65

4 708 270,62

153 450,01

5 911 393,45

-

-

0,03

26 073,06

232,00

488 602,76

22 234 523,09

378 975,16

2 608 075,14

3 125 793,33

5 812 047,28

65 496 772,2

Mar
2 435,72

8 601 285,46

15 501 059,95

2 213 233,27

6 701 169,42

775 336,87

8 098 495,31

-

-

0,03

47 609,35

143,35

729 484,92

34 077 197,02

597 886,20

2 860 196,61

4 317 386,46

8 974 860,63

93 497 780,6

*Apr
5,89

4 141,51

9 980,68

1 414,28

5 461,70

287,09

5 206,08

-

-

0,00

31,18

88,00

440,49

20 170,86

246,21

2 510,15

5 472,97

4 360,99

59 818,1

*May
10,60

3 583,02

11 575,45

1 506,01

6 092,37

382,87

5 420,56

-

-

0,00

29,63

1,37

433,36

21 315,87

348,50

2 114,73

6 339,55

4 613,87

63 767,8

*Jun
8,01

4 111,49

11 498,97

1 627,32

5 775,34

298,05

6 080,69

-

-

7,23

24,70

1,49

446,45

22 801,09

345,72

2 541,32

6 558,03

5 419,46

67 545,3

*Jul
5,05

4 943,82

10 426,18

1 342,47

5 743,94

351,44

6 988,99

-

0,00

5,21

25,13

0,16

432,35

24 895,03

348,09

2 342,85

6 539,59

6 244,23

70 634,5

*Aug
5,26

5 703,86

12 540,81

1 453,04

4 411,38

205,93

6 149,38

-

-

2,43

126,05

0,19

378,05

25 591,15

542,15

2 767,89

7 004,36

6 832,60

73 714,5

*Sep
6,82

9 465,31

20 161,22

2 742,22

7 903,81

340,45

10 295,58

-

-

0,00

244,94

0,33

600,93

43 094,11

979,13

4 853,44

11 326,85

9 785,35

121 800,5

*Oct
39,65

12 315,40

27 597,64

3 670,13

7 120,62

129,14

11 256,45

-

-

0,00

239,01

0,08

679,62

49 545,16

1 042,81

6 380,10

11 454,83

11 116,57

142 587,2

Source: Reserve Bank of Zimbabwe, 2024
Notes
1.Government securities include treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households, other financial corporations.
Statistics are denominated in ZiG
TABLE 5.1: COMMERCIAL BANKS -ASSETS
ZWG millions
Debt Securities
Loans and Advances

ZWG 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

*May

*Jun

*Jul

*Aug

*Sep

*Oct

Source: Reserve Bank of Zimbabwe, 2024
*Statistics are denominated in ZiG
TABLE 5.2 : COMMERCIAL BANKS - LIABILITIES
Deposits
Amounts Owing to

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

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

May
210,3

1687,6
5 962,2

1250,9
3 847,1

-

116,9

7,0
-

517,7

1 568,8

-

17 154,9

2927,9
7 532,9

42 784,2

Jun
249,6

1649,7
6 202,6

1163,8
1 866,7

-

204,6

6,5
-

588,0

1 851,9

-

18 795,4

2580,9
7 701,1

42 860,7

Jul
283,7

1212,2
7 193,4

1892,7
1 875,4

-

1 143,4

6,0
-

447,3

1 963,2

-

18 280,3

3923,5
7 695,6

45 916,5

Aug
352,8

1408,8
7 869,3

2537,6
2 316,2

-

3 535,6

5,4
-

399,5

2 101,3

-

19 422,2

3837,6
7 666,6

51 453,0

Sep
349,8

1926,6
7 608,5

2430,2
1 941,4

-

4 314,6

5,1
-

205,2

2 231,7

-

20 461,1

4013,2
9 460,7

54 948,1

Oct
411,5

2396,2
8 221,0

2162,4
3 421,5

-

5 627,7

4,3
-

271,1

2 539,5

-

22 881,3

5432,3
9 501,3

62 870,1

Nov
339,8

3578,4
7 561,6

2568,8
2 299,5

-

5 882,7

3,7
-

566,4

2 788,5

-

27 326,1

4400,3
9 614,3

66 930,0

Dec
351,1

3217,3
8 557,8

2619,2
3 620,2

-

2 353,6

3,0
-

1 189,0

2 786,9

-

33 115,3

5610,8
11 334,1

74 758,3

Jan
324,6

3504,3
8 506,5

2680,3
2 631,0

-

1 110,8

2,4
-

1 487,3

2 967,6

-

35 913,5

6693,8
14 008,7

79 830,9

Feb
411,5

4021,5
9 763,6

3069,7
5 678,0

-

4 048,9

1,6
-

1 465,4

3 241,1

-

39 977,5

4511,5
13 964,4

90 154,6

Mar
354,3

4413,6
11 882,6

3691,3
4 932,3

-

5 235,0

0,9
-

1 590,0

3 888,3

-

42 741,3

9086,6
15 421,2

103 237,4

Apr
546,4

3054,1
15 585,8

4857,7
5 768,6

-

5 714,4

0,2
-

1 861,4

4 143,7

-

48 582,4

9654,2
16 999,2

116 768,1

May
639,5

8326,7
23 817,6

4251,9
16 001,6

-

6 150,9

0,0
-

1 486,3

8 474,8

-

74 864,0

14793,9
17 091,2

175 898,5

Jun
418,5

8464,3
32 497,6

3807,5
21 184,8

-

2 639,3

0,0
-

1 340,0

10 851,1

-

85 145,9

18155,8
35 128,1

219 633,0

Jul
700,4

9914,6
30 660,3

4983,4
24 902,9

-

4 077,6

0,0
-

1 411,5

13 722,1

-

98 066,0

9998,6
45 127,9

243 565,1

Aug
863,8

14422,1
33 703,2

4483,0
34 971,8

-

4 379,8

0,0
-

2 106,6

16 515,4

-

115 491,9

8745,3
45 694,0

281 377,1

Sep
1 086,8

14998,2
37 911,3

7470,1
45 094,8

-

8 440,8

0,0
-

1 302,8

17 996,8

-

129 242,7

11630,7
60 830,4

336 005,2

Oct
1 158,3

14768,7
44 296,5

10013,7
44 664,1

-

14 109,9

0,0
-

1 142,4

16 817,7

-

123 793,8

30036,4
47 678,2

348 479,7

Nov
1 449,3

22456,9
41 398,0

9771,8
41 317,6

-

17 572,6

0,0
-

2 085,3

16 785,8

-

136 029,9

30694,0
46 275,8

365 836,9

Dec
1 470,7

23012,7
48 533,8

8913,7
50 229,0

-

21 411,1

0,0
19 993,4

2 176,2

17 693,7

-

119 322,3

39279,1
69 102,5

421 138,1

Jan
2 402,7

32405,1
47 062,6

8410,8
50 364,6

-

17 976,2

0,0
23 668,5

2 406,3

18 311,0

-

132 757,4

41367,4
69 570,1

446 702,8

Feb
234,9

59685,4
50 103,0

9568,6
62 701,4

889,9

24 809,7

0,0
26 667,1

4 451,9

21 629,1

-

146 798,4

50093,6
70 987,9

528 620,9

Mar
214,6

72311,9
57 399,6

9196,8
51 300,9

-

28 841,5

0,0
24 689,0

5 503,9

19 118,6

-

170 376,6

54524,7
84 489,1

577 967,3

Apr
184,1

61341,6
63 129,5

16343,2
61 444,0

-

28 727,0

0,0
28 119,0

5 989,2

27 619,9

-

205 412,2

81442,9
86 571,2

666 323,9

May
78,1

125685,1
100 808,7

22707,0
195 646,6

-

81 344,3

0,0
69 908,9

6 246,8

53 180,7

-

440 462,4

103176,1
116 103,7

1 315 348,2

Jun
176,6

227001,8
172 666,5

25998,2
452 772,6

40 326,7

115 193,3

0,0
196 310,3

4 209,5

121 677,5

-

870 075,1

230604,4
544 587,8

3 001 600,3

Jul
162,7

132017,2
220 995,0

20797,2
459 668,2

32 010,8

105 308,6

0,0
154 472,7

13 777,8

153 638,5

-

697 177,8

209734,6
612 937,8

2 812 698,9

Aug
611,0

105296,6
309 821,7

55744,7
475 838,3

37 447,1

102 495,2

0,0
153 578,2

6 767,5

135 193,3

-

758 439,2

223114,4
564 622,1

2 928 969,2

Sep
949,3

193065,6
339 269,2

41680,1
437 996,0

58 554,5

110 351,3

0,0
161 346,6

4 522,1

153 113,7

-

880 148,8

290026,7
565 616,4

3 236 640,3

Oct
403,8

204713,4
254 684,1

187632,1
440 150,3

65 022,1

97 046,1

0,0
176 111,9

13 771,8

173 523,5

-

829 479,5

345029,3
586 015,6

3 373 583,5

Nov
370,5

222344,7
387 213,2

160896,0
326 510,1

50 688,3

159 225,4

0,0
173 990,9

28 127,2

187 363,3

-

926 663,7

395549,5
595 811,6

3 614 754,5

Dec
403,7

251968,8
457 034,9

261067,9
345 348,0

56 551,7

185 131,1

0,0
166 902,0

27 875,9

222 503,1

0,7

973 788,6

507890,9
658 045,7

4 114 512,9

Jan
367,9

368046,7
524 020,9

471915,0
363 325,6

40 412,9

280 803,2

0,0
280 441,0

45 935,9

339 610,7

-

1 563 405,5

649087,4
742 734,0

5 670 106,8

Feb
578,8

637645,2
797 581,2

618074,6
613 309,7

24 680,4

425 783,2

0,0
399 313,5

67 900,2

519 513,4

-

2 188 186,8

904519,6
937 957,6

8 135 044,1

Mar
356,6

1026840,5
1 171 941,4

888362,3
829 470,4

-

440 943,8

0,0
528 820,5

103 276,3

787 872,2

-

3 761 909,8

1403556,4
1 697 667,5

12 641 017,5

*Apr
1,0

564,4
864,1

693,0
326,5

67,2

337,2

0,0
313,5

-

593,2

212,7

2 856,8

420,1
824,2

8 074,0

*May
4,0

639,2
783,2

772,6
296,2

109,6

407,6

0,0
303,7

-

309,2

19,8

2 946,5

712,1
903,7

8 207,5

*Jun
1,1

520,3
1 122,4

718,7
678,1

110,9

188,6

0,0
282,9

-

424,7

20,4

2 998,6

858,8
1 229,8

9 155,3

*Jul
2,4

681,0
918,2

640,3
336,2

99,8

676,7

0,0
276,2

5,0

333,9

20,5

3 022,2

1332,3
1 250,3

9 595,1

*Aug
1,1

642,2
853,3

852,1
428,1

-

764,6

0,0
246,2

5,1

373,1

20,6

3 042,5

1811,8
1 318,9

10 359,6

*Sep
1,0

1230,9
1 985,1

1121,2
705,4

-

555,5

0,0
431,0

34,5

1 130,0

37,0

4 878,1

2054,8
2 298,6

16 463,3

*Oct
13,1

1166,2
2 512,0

1391,6
769,7

-

745,1

0,0
502,2

5,3

1 380,9

42,7

5 751,9

2214,8
2 435,0

18 930,4

Source:Reserve Bank of Zimbabwe, 2024
Notes
1.Government securities include treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households, other financial corporations,
* Statistics are denominated in ZiG
TABLE 6.1: BUILDING SOCIETIES -ASSETS
ZWG millions
Debt Securities
Loans and Advances

Debt Securities
Foreign Liabilities
Capital
Other
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

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

*May

*Jun

*Jul

*Aug

*Sep

*Oct


Source: Reserve Bank of Zimbabwe, 2024
* Statistics are denominated in ZiG
Amounts Owing to
TABLE 6.2: BUILDING SOCIETIES -LIABILITIES
ZWG millions

END OF

Jan

Feb

Mar

Apr

May

June

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

July

Aug

Sept

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

Source: Reserve Bank of Zimbabwe, 2024
1 Including the only merchant bank still in operation.
*Statistics are denominated in ZiG
TABLE 7.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES
ZWG ('000)
AGRICULTURE
CONSTRUCTION
COMMUNICATION
DISTRIBUTION
FINANCIAL &
INVESTMENTS
FINANCIAL
ORGANISATIONS
MANUFACTURING
MINING
SERVICES
TRANSPORT
INDIVIDUALS
CONGLOMERATES
TOTAL

END OF
AGRICULTURE
CONSTRUCTION
COMMUNICATIONS
DISTRIBUTION
FINANCIAL &
FINANCIAL
MANUFACTURING
MINING
SERVICES
TRANSPORT
INDIVIDUALS
CONGLOMERATES
TOTAL
INVESTMENTS
ORGANISATIONS
1 000,00

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

*May

*Jun

*Jul

*Aug

*Sep

*Oct

Source: Reserve Bank of Zimbabwe, 2024
*Statistics are denominated in ZiG
TABLE 7.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS
ZWG ('000)

Minimum
Maximum
Minimum
Maximum

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

Source: Reserve Bank of Zimbabwe, 2024
*Lending rates are for ZiG loans
TABLE 8.1: COMMECIAL BANKS LENDING RATES (percent per annum)
Individuals
Corporates
End of
Weighted Lending Rates

Minimum
Maximum
Minimum
Maximum

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

Source: Reserve Bank of Zimbabwe, 2024
* Deposit rates depict the range of rates qouted by banks.
*Deposit rates are for ZiG deposits
SAVINGS
3 MONTHS
TABLE 8.2 : COMMECIAL BANKS DEPOSIT RATES (percent per annum)

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

*May

*Jun

*Jul

*Aug

*Sep

*Oct

Source: Zimstat, 2024
*Statistics are in ZiG
TABLE 9.1 : MONTHLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX
FOOD & NON
ALCOHOLIC
BEVERAGES
ALL
ITEMS
HOUSING,
WATER,
ELECTRICTY,
GAS & OTHER
FUELS
CLOTHING &
FOOTWEAR
RECREATION &
CULTURE
RESTAURANTS &
HOTELS
EDUCATION
MISC. GOODS &
SERVICES
TOTAL NON
FOOD
ALCOHOLIC
BEVERAGES &
TOBACCO
FURNITURE AND
EQUIPMENT
HEALTH
TRANSPORT
COMMUNICATION

FOOD
INFLATION
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, 2024
TABLE 9.2 : YEARLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX
NON-FOOD INFLATION
HEALTH
TRANSPORT
COMMUNICATION
EDUCATION
ALCOHOLIC
BEVERAGES
& TOBACCO
CLOTHING
&
FOOTWEAR
HOUSING,
WATER,
ELECTRICTY,
GAS &
OTHER FUELS
FURNITURE
AND
EQUIPMENT
RECREATION
& CULTURE
RESTAURANTS
& HOTELS
MISC.
GOODS &
SERVICES
TOTAL NON
FOOD
FOOD & NON
ALCOHOLIC
CEVERAGES
ALL ITEMS

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

Source: Reserve Bank of Zimbabwe, 2024
TABLE 10 : SELECTED INTERNATIONAL EXCHANGE RATES
*The Reserve Bank introduced a new currency ZiG on 5 April
& recalibrated exchange rates to ZiG
END OF
USA DOLLAR
SOUTH ARFICAN
RAND
BOTSWANA PULA
JAPANESE YEN
EURO
POUND
STERLING

Market Capitalisation
All Share Index*
ZWG millions

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

July

Aug

Sept

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

Source: Zimbabwe Stock Exchange, 2024
**As at 26 June 2020
***The ZSE rebased indices to 100 in April 2024 following the introduction of the ZiG
*Statistics are denominated in ZiG
TABLE 11: ZIMBABWE STOCK MARKET STATISTICS
Mining Index
Market Turnover
ZWG
Volume of Shares
END OF
*All Share index was introduced in January, 2018

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


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

Source: Reserve Bank of Zimbabwe, 2024
*Statistics are denominated in ZiG
TABLE 12.1 : ZETSS AND RETAIL PAYMENTS
Values of Transactions (ZWG Millions)

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


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

Source: Reserve Bank of Zimbabwe, 2024
*Statistics are denominated in ZiG
TABLE 12.2 : 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


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Source: ZIMSTAT, 2024
TABLE 13 : MERCHANDISE TRADE STATISTICS
(US$ millions)