[Date]


January 2015


i
MONTHLY ECONOMIC REVIEW
TABLE OF CONTENTS

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

MONTHLY ECONOMIC REVIEW

December

January
Month-on-
Month
Change
Z.S.E. Mining Index1
71.71
58.13
-18.94%
Z.S.E. Industrial Index1
162.79
164.90
1.30%
*Money Supply (US$)2
4.40 billion
4.34 billion

*Money Supply (M3) Annual Growth2
11.97%
11.61%
-1.44
Yearly Inflation3
-0.80%
-1.28%
-0.34%
Nominal Lending Rate
6.00-35.00%
6.00-35.00%

Sources:
1 Zimbabwe Stock Exchange (ZSE)
2 Reserve Bank of Zimbabwe (RBZ)
3 Zimbabwe National Statistics Agency (ZIMSTAT)
* Provisional figures


SELECTED ECONOMIC INDICATORS

MONTHLY ECONOMIC REVIEW
STOCK MARKET DEVELOPMENTS

Mixed developments characterized global capital
markets during the month of January 2015. In the
United States, the main industrial indices were lower,
largely due to concerns about global economic
growth. European equity markets, however, rose as a
result of the European Central Bank (ECB)
confirming that it will implement a Quantitative
Easing Programme (QEP).
African equity markets also opened 2015 with mixed
performances, with continued strong performance in
Egypt and weakness in Nigeria. Egypt continued to
rise, gaining 10.3% in the first month of 2015, largely
due to its economic recovery, coupled with an
upgrade in its credit rating. The Nigerian stock market
continued on a downward trend, on the back of
declines in oil prices. Over the same period, South
Africa and Kenya registered respective gains of 3%
and 1.9%.
On the domestic front, trading on the Zimbabwe
Stock Exchange (ZSE) was also characterized by
mixed trading, as the industrial index registered gains,
whilst the mining index fell. Gains in the industrial
index were largely anchored on increases in the
heavily capitalized counters. The industrial index
gained a marginal 1.3%, to close the month under
review at 164.90 points. The mining index, however,
declined by 18.94%, between December 2014 and
January 2015, to end the period under review at 58.13
points.


Trading volumes were thin during the period under
review, falling from 462.60 million shares in
December 2014, to 55.36 million shares in January
2015. Over the same period, the value of shares traded
declined by 44.16% to US$16.26 million.

Source: Zimbabwe Stock Exchange
Reflecting the thin trading in the market, during the
month under review, market capitalization closed the
month of January 2015 at US$4 365.14 million, up
from US$4 327.06 million in December 2014.
MONETARY DEVELOPMENTS

Money stock, as defined by consolidated deposits in
the banking system, which had plateaued around
US$4.4 billion during the last quarter of the 2014,
declined to US$4 340.17 million in January 2015. On
an annual basis, broad money rose by 11.61% from
US$3 888.65 million recorded in January 2014.

04-Apr-12
04-Jul-12
04-Oct-12
04-Jan-13
04-Apr-13
04-Jul-13
04-Oct-13
04-Jan-14
04-Apr-14
04-Jul-14
04-Oct-14
04-Jan-15
ZSE Indices
Industrial
Mining

0.5

1.5

2.5

VALUES TRADED (US$ MILLIONS)
VOLUMES TRADED (MILLIONS)
ZSE: Daily Volumes and Values
Traded
Volume
Turnover
Source: Zimbabwe Stock Exchange


MONTHLY ECONOMIC REVIEW

Source: Reserve Bank of Zimbabwe
The year-on-year growth in broad money emanated
from expansions across most deposit categories, with
long term deposits growing by US$372.15 million;
under 30-day deposits, US$32.34 million; and
savings deposits, US$115.69 million. Demand
deposits, however, fell by US$69.26 million.


Domestic credit grew by 6.16% in January 2015, from
US$3 985.91 million in January 2014, to US$4
231.50 million in January 2015. This was largely due
to growth in net claims to Government and credit to
the private sector.
After registering a 4% annual growth in December
2014, credit to the private sector recorded a lower
growth of 1.57%, from US$3 566.56 million in
January 2014 to US$3 622.50 million in January
2015. Credit expansion was largely constrained by
persistent liquidity challenges, high credit risk, and
sluggish economic activity.
Net credit to Government increased by 51.62%, from
US$358.80 million in January 2014, to US$544.03
million in January 2015. The increase was largely on
the back of issuances of Treasury bills by
Government to supplement its revenue collections,
and to retire part of accrued domestic debt.

Source: Reserve Bank of Zimbabwe
Credit to the private sector was made up of loans and
advances, 81.48%; mortgage advances 14.12%; other
investments, 1.92%; bills discounted, 1.54%; and
bankers’ acceptances, 0.93%.
Loans and advances were largely channeled to
agriculture (19.05%), manufacturing (17.12%) and
-5


Jul
Sep
Nov
Jan
Mar
May
Jul
Sep
Nov
Jan
Mar
May
Jul
Sep
Nov
Jan
%
US$ BILLIONS
Money Supply
M3
M3 Annual Growth
Short
Term
17%
Long Term
23%
Demand
46%
Savings
14%
Banking Sector Deposits
January 2015
Loans&Advances
81.48%
Bills
Discounted
1.54%
Bankers
acceptances
0.93%
Other
investments
1.92%
Mortgages
14.12%
Credit to Private Sector
January 2015
Source: Reserve Bank of Zimbabwe


MONTHLY ECONOMIC REVIEW

distribution (15.99%). Households accounted for
16.55% of total loans and advances to the private
sector.
Credit to the private sector was mainly utilised for
asset purchases, 41.74%; and inventory build-up,
34.15%. Loans and advances utilised for capital
investment remained low, with the procurement of
plant and equipment accounting for 3.62% and pre
and post shipment financing at 0.55% of total loans
and advances.
Sectorally, credit was mainly channeled to agriculture
(18.81%);
manufacturing
(15.77%);
services
(15.29%); distribution (15.05%); mining (7.01%);
financial (5.16%); transport and communications
(2.97%); and construction (1.58%). Households
accounted for 18.81% of total credit to the private
sector.
INFLATION OUTTURN

Annual Inflation

Domestic inflation developments continued to be
influenced by developments in international oil
prices; the rand /US dollar exchange rate; world food
prices; and domestic demand.
Crude oil prices have been on a declining trend since
July 2014. This was on account of increases in US
shale production, weak demand and the decision by
the Organization for Petroleum Exporting Countries
(OPEC) producers not to cut output to bolster prices.

The South African rand continued to be highly
volatile, depreciating from around ZAR10/US dollar
in May 2014, to current levels of about ZAR12 to the
US dollar. This continued to dampen inflationary
pressures in the domestic economy.


Annual headline inflation continued on a downward
trend and stood at -1.28% in January 2015, compared
to -0.8% in December 2014. The downward trend of
prices is expected to continue as implied by the
quarterly annualized inflation which has been in
negative territory since July 2014.
Core inflation, which measures long-run trend in
price levels, slid into negative for the first time,
registering -0.57% in January 2015. The declining
inflation reflected dissipating underlying inflationary
pressures in the economy.
Annual food inflation has remained in negative
territory since September 2014, registering -2.74% in
January 2015, from -2.71% in December 2014. The
negative annual food inflation largely emanated from
declines in prices of bread and cereals as well as
vegetables, among others.
Annual non-food inflation declined to -0.57% in
January 2015, from 0.13% in December 2014. The
deceleration was mainly driven by a -0.47% decline
in the communications category. This followed a 35%
slash in tariffs for voice calls from US$0.23/minute to
US$0.15/minute
across
all
mobile
networks.
Partially offsetting the declines were increases in fees

2-Jan
23-Jan
13-Feb
6-Mar
27-Mar
17-Apr
13-May
4-Jun
25-Jun
16-Jul
6-Aug
29-Aug
19-Sep
10-Oct
31-Oct
21-Nov
5-Jan
26-Jan
Crude Oil Prices (US$/barrel)

21-Aug-13
22-Sep-13
24-Oct-13
25-Nov-13
27-Dec-13
28-Jan-14
01-Mar-14
02-Apr-14
04-May-14
05-Jun-14
07-Jul-14
08-Aug-14
09-Sep-14
11-Oct-14
12-Nov-14
14-Dec-14
15-Jan-15
Rand/US Dollar Exchange Rate
Source: BBC, KITCO
Source: RBZ, January 2015


MONTHLY ECONOMIC REVIEW

for secondary education (9.54%); hospital fees
(3.13%); dental services (5.26%); as well as fuels and
lubricants (2.47%).

Source: Zimbabwe Statistics Agency
Monthly Inflation
Month-on-month inflation stood at -0.34% in January
2015, from -0.09% in December 2014, largely
attributed to a slowdown in prices of non-food
inflation items.
Monthly food inflation increased from -0.36% in
December 2014 to 0.40% in January 2015, on the
back of increases in all items except sugar, jam,
honey, chocolate and confectionery category.
Monthly non-food inflation fell from 0.04% in
December 2014 to -0.69% in January 2015. This was
driven by declines in transport, in particular purchase
of motor vehicles (-4.16%).

NATIONAL PAYMENTS SYSTEM

Zimbabwe Electronic Transfer Settlement
System (ZETSS)
The value of transactions processed through the
national
payments
system
decreased
from
US$4.6 billion in December 2014 to US$3.7 billion
in January 2015. Over the same period, the volume of
transactions declined by 10%, from 189 831 to
170 774.
Source: Reserve Bank of Zimbabwe
Card Based Transactions
The total value of card based transactions was lower
at US$466.37 million in January 2015, compared to
US$466.37 million in December 2014.
Mobile and Internet Based Transactions
The total value of mobile and internet based
transactions also fell to US$465.64 million in January
2015, from US$520.26 million in December 2014.
Cheque Transactions
The value of cheque transactions stood at US$11.81
million in January 2015, up from US$11.53 million
in December 2014.


RESERVE BANK OF ZIMBABWE
JANUARY 2015


Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
Jan-15
Annual Inflation
(%)
Headline Inflation
Food
Non Food

Jan-12
May-12
Sep-12
Jan-13
May-13
Sep-13
Jan-14
May-14
Sep-14
Jan-15
-

VALUE IN US$ BILLIONS
VOLUME IN THOUSANDS
ZETSS Volumes and Values
Volume
Value

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 12

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. 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


13.1 Values of Transactions

13.2 Volumes of Transactions

MONTHLY ECONOMIC REVIEW

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


TABLE 1.1 : MONETARY AGGREGATES
US$ Thousands

MONTHLY ECONOMIC REVIEW

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

Claims on Public Enterprises

RBZ

DMBs

Agri-PEs

Other

OBIs

Claims on Private Sector

RBZ

DMBs

OBIs

OTHER ITEMS (NET)

BROAD MONEY (M3)

US$ Thousands
TABLE 1.2 : BROAD MONEY SURVEY

MONTHLY ECONOMIC REVIEW

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


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


MONTHLY ECONOMIC REVIEW

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

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

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

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

TABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES/1
$ Thousands


MONTHLY ECONOMIC REVIEW

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

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

TABLE 2.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS
US$ Thousands


MONTHLY ECONOMIC REVIEW

End Pe rio d

( U S $ millio ns )
Lo ng - Te rm Ext e rnal D e b t

Go ve rnme nt

Bilateral Creditors


Multilateral Creditors

Private Creditors

Pub lic Ent e rp ris e s


Bilateral Creditors

Multilateral Creditors

Private Creditors

M o ne t ary A ut ho rit ie s

Multilateral Creditors - IMF

Privat e
16 2

6 7

4 1

4 5

3 5


S ho rt - Te rm Ext e rnal D e b t


Supplier's Credits

Reserve Bank

Private

To t al Ext e rnal D e b t

Gro s s D o me s t ic Pro d uc t

Ext e rnal D e b t / GD P

TABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS) (WITH RBZ)


MONTHLY ECONOMIC REVIEW

End Period
Nominal Lending Rates

Individuals
Corporate
Nominal Lending
Rates

Individuals
Corporate

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Notes
3. Lending rates exclude rates on staff loans.
TABLE 4.1 LENDING RATES (percent per annum)

2. Nominal Lending Rates depict the range of rates quoted by banks.
Commercial Banks
Merchant Banks
Weighted Average Lending Rates

Nominal Lending Rates

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


MONTHLY ECONOMIC REVIEW

ACCEPTING HOUSES
END OF
SAVINGS
3 MONTHS
3 MONTHS

Jan
0.15-8.00
3.00-20.00
11.00-12.00
Feb
0.15-8.00
3.00-20.00
11.00-12.00
Mar
0.15-8.00
3.00-20.00
11.00-12.00
Apr
0.15-8.00
3.00-20.00
11.00-12.00
May
0.15-8.00
3.00-20.00
11.00-12.00
Jun
0.15-8.00
3.00-20.00
11.00-12.00
Jul
0.15-8.00
3.00-20.00
11.00-12.00
Aug
0.15-8.00
4.00-20.00
11.00-12.00
Sep
0.15-8.00
4.00-20.00
11.00-12.00
Oct
0.15-8.00
4.00-20.00
11.00-12.00
Nov
0.15-8.00
4.00-20.00
11.00-12.00
Dec
0.15-8.00
3.00-20.00
12.00-12.00

Jan
0.15-8.00
3.00-17.00
12.00-12.00
* 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
A LCOHOLIC
B EVER A GES
C LOTHIN G
HS IN G, WATER,
FU RN ITUR E
HEA LTH
TR AN S POR T
COM M U NIC A TION
R EC R EATION &
ED U CA TION
R ES TA UR A NTS &
M IS C .
TOTAL N ON
FOOD &
ITEM S
& TOB A CC O
FOOTWEA R
ELECTR ICTY ,
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
EQUIPM EN T
S ER VIC ES
FU ELS
WEIGHTS


OCTOB ER

N OV EM B ER

D EC EM B ER


JAN U AR Y

FEB R UA R Y

M A R C H

A PR IL

M A Y

JUN E

JULY

A UGU S T

S EPTEM B ER

OCTOB ER

N OV EM B ER

D EC EM B ER


JAN U AR Y

N ON - FOOD IN FLATION
TABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX
( DECEMBER 2012 = 100)


MONTHLY ECONOMIC REVIEW

FOOD
INFLA TION
ALL
A LC OHOLIC
B EVER AGES
C LOTHIN G
HS IN G,
WA TER,
FU RN ITUR E
HEALTH
TRAN S POR T
C OM M UNIC A
TION
R EC REATION
&
EDUC ATION
R ES TA UR AN
TS &
M IS C.
TOTAL N ON
FOOD &
ITEM S
& TOB A CCO
FOOTWEA R
ELEC TR ICTY ,
GAS
A ND
CULTURE
HOTELS
GOODS &
FOOD
NON
A LC OHOLIC
B EV ER AGES
& OTHER
EQUIPM EN T
S ERV ICES
FU ELS
WEIGHTS

S EPTEM B ER

OC TOB ER

NOVEM B ER

DECEM B ER

JA NU ARY

FEB R UAR Y

M AR CH

APRIL

M AY

JU NE

JU LY

AU GUS T

S EPTEM B ER

OC TOB ER

NOVEM B ER

DECEM B ER

JA NU ARY

NON- FOOD IN FLATION
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

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES


MONTHLY ECONOMIC REVIEW

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

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

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

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

Feb

Mar

Apr

May

Jun

Jul

Aug.

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

TABLE 7.2: COMMERCIAL BANKS - LIABILITIES
US$ Millions
Amounts Owing to


MONTHLY ECONOMIC REVIEW

Loans &
Contigent
Other
Non Financial
TOTAL
End of
Notes
Total
Other Balances
Advnces
Assets
Assets
Assets
&
Balances
Balances
Balances
Liquid
with RBZ
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

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

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

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Amounts Owing to
TABLE 8.2 : ACCEPTING HOUSES - LIABILITIES
US$ Millions


MONTHLY ECONOMIC REVIEW

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

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

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

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

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

July

Aug

Sep

Oct

Nov

Dec


Jan

Indices
Table 10: ZIMBABWE STOCK MARKET STATISTICS


MONTHLY ECONOMIC REVIEW

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

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

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

1/ With effect from 1 August 2011, the prescribed liquid asset ratio was reviewed to 25% of liabilities to the public, from 20%.
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

Jul

Aug

Sep

Oct

Nov

Dec

Annual Total


Jan

Feb

Mar

Apr

May

Jun

Jul
3955.45
11.72
125.81

312.35
101.75
Aug

Sep

Oct

Nov

Dec


Jan


TABLE 13.1 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY
Values of Transactions (US$ in millions)


MONTHLY ECONOMIC REVIEW

MONTH
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jul

Aug

Sep

Oct

Nov

Dec

Annual Total


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

TABLE 13.2 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY
Volumes of Transactions (in thousands)

MONTHLY ECONOMIC REVIEW