[Date]


DECEMBER 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 4
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

November

December
Month-on-
Month
Change
Z.S.E. Mining Index1
22.3
23.7
6.2%
Z.S.E. Industrial Index1
117.6
114.9
-2.3%
Money Supply (US$)2
4 745.2 million
4 765.4 million
0.4%
Money Supply (M3) Annual Growth2
7.5%
8.2%

Yearly Inflation3
-2.46%
-2.47%

Monthly Inflation3
-0.2%
-0.1%

Nominal Lending Rate
4.0-16.3%
6.0-16.0%

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
During the month of December 2015, global markets
recorded losses due to concerns of the slowdown in
the Chinese economy. The decline occurred despite
the United States of America Federal Reserve Bank
interest rate hike of 0.25%.
Over the same period, African markets also recorded
losses partly due to concerns over an acceleration of
capital outflows, as global investors shifted their
portfolio investments to the US market.
The Zimbabwe Stock Exchange (ZSE) recorded
mixed trading with the industrial index recording
losses, whilst the mining index recovered some of the
losses it had registered during the year. The industrial
index lost 2.3%, from 117.6 points in November 2015
to 114.9 points in December 2015. This was
underpinned by losses in heavily capitalized counters.
Over the same period, the mining index gained 6.2%,
from 22.3 points to 23.7 points.


Trading volumes increased in the month of December
2015, following block trades in Dawn, Delta, Econet
and Simbisa shares. These block trades raised the
total volume of shares traded from 90.4 million shares
in November 2015, to 183.8 million shares in
December 2015. Over the same period, turnover also
rose from US$8.9 million to US$16.4 million.


Source: Zimbabwe Stock Exchange, 2015
The losses recorded in heavily capitalized counters
resulted in the ZSE market capitalisation declining
further to US$3 073.4 million in December 2015,
from US$3 141.7 million in November 2015.

28-Feb-13
30-Apr-13
30-Jun-13
31-Aug-13
31-Oct-13
31-Dec-13
28-Feb-14
30-Apr-14
30-Jun-14
31-Aug-14
31-Oct-14
31-Dec-14
28-Feb-15
30-Apr-15
30-Jun-15
31-Aug-15
31-Oct-15
31-Dec-15
Figure 1: ZSE Indices
Industrial
Mining

VALUES TRADED (US$ MILLIONS)
VOLUMES TRADED (MILLIONS)
Figure 2: ZSE: Daily Volumes and
Figure 2: ZSE: Daily Volumes and Values Traded
Values Traded
Volume
Turnover
Source: Zimbabwe Stock Exchange, 2015


MONTHLY ECONOMIC REVIEW

MONETARY DEVELOPMENTS
Annual growth in money supply1 continued on an
upward trend rising to 8.2% in December 2015, from
7.5% in November 2015. On a monthly basis, broad
money rose by 0.4% to US$4 765.4 million in
December 2015. The growth was underpinned by
increases in most deposit classes.

Source: Reserve Bank of Zimbabwe, 2015
The annual growth in broad money was largely driven
by an increase of US$263.3 million; US$61.5 million;
and US$44.7 million in demand, savings and longterm deposits, respectively. Demand deposits
constituted 51%; long term, 19%; short term, 17%,
and savings, 13% of total deposits.
The year-on-year growth in total banking sector credit
continued on an upward trend, rising to 27% in
December 2015, from 22.8% in November 2015. On
a monthly basis, banking sector credit increased by
4% in December 2015 to US$5 560.7 million, from
US$5 345.3 million in November 2015.

1 Money supply is total deposits less interbank deposits.


Annual growth in credit to the private sector grew by
1% in December 2015, down from 2% in November
2015. Month-on-month, credit to the private sector,
however, declined by 1.7% to US$3 835.7 million in
December 2015.
The sectorial distribution of private sector credit was
as follows: agriculture (21.2%); services including
tourism
(17.1%);
distribution
(13.2%);
manufacturing (16.2%); mining (5.9%); financial
organisations and investments, (3.7%); transport and
communications (3%); and construction (1.1%).
Credit to households stood at 18.6% in December
2015, partly reflecting the dominance of consumptive
borrowing in the economy.

-2


Apr
Jun
Aug
Oct
Dec
Feb
Apr
Jun
Aug
Oct
Dec
Feb
Apr
Jun
Aug
Oct
Dec
%
US$ BILLIONS
Figure 3: Money Supply
Figure 3: Money Supply
M3
M3 Annual Growth
Short Term
17%
Long Term
19%
Demand
51%
savings
13%Figure 4: Banki
Figure 4: Banking Sector DepositsDecember 20
December 2015
Source: Reserve Bank of Zimbabwe, 2015


MONTHLY ECONOMIC REVIEW

Source: Reserve Bank of Zimbabwe, 2015
In terms of proportions, private sector credit was used
as follows: asset purchases, 43.4%; inventory buildup, 34.3%; consumer durables, 13.1%; and vehicle
purchases, 3.4%. Notably, funds utilized for capital
development remained low at 4.5% of total loans and
advances. Pre and post shipment financing accounted
for 1.3% of total credit to the private sector.
INFLATION OUTTURN

Annual Inflation

The annual headline inflation declined marginally to
-2.47% in December 2015, from -2.46% recorded in
November 2015. The slight increase in inflation was
mainly driven by food inflation. Partially offsetting
this increase was a decline in non-food inflation.


Source: ZIMSTAT, 2015
Annual inflation has remained in negative territory
since October 2014, due to the continued downward
correction in both food and non-food prices and low
aggregate demand in the economy.
The year-on-year food inflation stood at -3.7% in
December 2015, an increase from the October 2015
rate of -4.0% and November 2015 rate of -3.9%. Food
inflation was weighed down by declines in bread and
cereals and vegetables.
Annual non-food inflation decelerated from -1.8% in
November 2015 to -1.9% in December 2015. The
decline was largely driven by housing, water,
electricity, gas and other fuels; communication;
furniture, household equipment and maintenance and
clothing and footwear. The 11.1% increase in
Loans & Advances
88.37%
Bills
Discounted
0.18%
Bankers
acceptances
0.27%
Other
investments
2.14%
Mortgages
9.04%Figure 5: Credit to Private Sector
Figure 5: Credit to Private SectorDecember 2015
December 2015


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
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Figure 6: Annual Inflation
(%)
Headline Inflation
Food
Non Food


MONTHLY ECONOMIC REVIEW

education inflation, however, partially offset the
declines in other sub-categories.

Monthly Inflation
The month-on-month inflation rate for December
2015 stood at -0.11%, shedding 0.27 percentage
points from 0.16% recorded in November 2015. The
decline was driven by both food and non-food
inflation.
Monthly food inflation reverted to negative territory,
falling from 0.04% in November 2015, to -0.21% in
December 2015. This was mainly influenced by bread
and cereals; milk, cheese and eggs; and oils and fats.
The declines in these sub-categories were, however,
partially offset by positive monthly inflation recorded
for vegetables; meat; and sugar, jam, honey,
chocolate and confectioneries, which recorded in
December 2015.
Likewise, the monthly non-food inflation rate fell,
shedding 0.28 percentage points from the November
2015 rate of -0.22%. The decline was largely driven
by transport; alcoholic beverages and restaurants and
hotels.
NATIONAL PAYMENTS SYSTEM

Zimbabwe Electronic Transfer Settlement
System (ZETSS)

The value of transactions processed through the
RTGS system increased by 17% in December 2015 to
US$4.17 billion, from US$3.55 billion recorded in
November 2015. The volume of transactions
registered an increase of 8% from 143 435 to 155 044
during the same period.


Mobile and Internet Based Transactions

The total value of mobile and internet based
transactions increased from US$571.3 million in
November 2015, to US$690.8 million in December
2015.
Source: Reserve Bank of Zimbabwe, 2015

Card Based Transactions

Card based transactions also increased from
US$477.9
million
in
November
2015,
to
US$557.9 million in December 2015.

Cheque Transactions

The value of cheque transactions registered an 8.9%
decrease, from US$12 million in November 2015, to
US$11 million in December 2015.

RESERVE BANK OF ZIMBABWE
JANUARY 2016

Dec-12
Apr-13
Aug-13
Dec-13
Apr-14
Aug-14
Dec-14
Apr-15
Aug-15
Dec-15
-

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


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

TABLE 1.1 : MONETARY AGGREGATES
US$ Thousands

MONTHLY ECONOMIC REVIEW

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

TABLE 1.2 : BROAD MONEY SURVEY
US$ Thousands

MONTHLY ECONOMIC REVIEW

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

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

MONTHLY ECONOMIC REVIEW

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

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

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

1,155
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

1,807
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)


MONTHLY ECONOMIC REVIEW

End Period
Nominal Lending Rates2
Individuals
Corporate

Jan
6.00-35.00
14.09
9.30
Feb
6.00-35.00
14.08
9.32
Mar
6.00-35.00
14.24
9.27
Apr
6.00-35.00
14.22
9.12
May
6.00-35.00
14.39
9.25
Jun
6.00-35.00
14.44
9.33
Jul
6.00-35.00
14.33
9.45
Aug
6.00-35.00
14.28
9.45
Sep
6.00-35.00
14.45
9.57
Oct
6.00-35.00
14.36
9.90
Nov
6.00-35.00
14.26
9.97
Dec
6.00-35.00
14.19
9.68

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

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
* 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 IN FLA TION
A LL
A LC OHOLIC
B EV ER A GES
C LOTHIN G
HS 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


JA N U A R Y

FEB R U A R Y

M A R C H

A PR IL

M A Y

JU N E

JU LY

A U GU S T

S EPTEM B ER

OC TOB ER

N OV EM B ER

D EC EM B ER


JA N U A R Y

FEB R U A R Y

M A R C H

A PR IL

M A Y

JU N E

JU LY

A U GU S T

S EPTEM B ER

OC TOB ER

N OV EM B ER

D EC EM B ER

N ON - FOOD IN FLA TION
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
HS 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

JA N U A R Y

FEB R U A R Y

M A R C H

A PR IL

M A Y

JU N E

JU LY

A U GU S T

S EPTEM B ER

OC TOB ER

N OV EM B ER

D EC EM B ER

JA N U A R Y

FEB R U A R Y

M A R C H

A PR IL

M A Y

JU N E

JU LY

A U GU S T

S EPTEM B ER

OC TOB ER

N OV EM B ER

D EC EM B ER

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

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER

TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES


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

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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

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

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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

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

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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

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

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Indices
Table 10: ZIMBABWE STOCK MARKET STATISTICS


MONTHLY ECONOMIC REVIEW

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

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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

Jan

Feb

Mar

Apr

May

Jun

Jul
3955.45
11.72
125.81

312.35
101.75
Aug

Sep

Oct

Nov

Dec

Annual Total


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Annual Total

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


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Annual Total

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