MONTHLY ECONOMIC REVIEW
MARCH 2013
Selected Economic Indicators

Stock Market Developments

Inflation

National Payments System

Statistical Tables

Monetary Developments

INSIDE THIS ISSUE:

PAGE
SELECTED ECONOMIC INDICATORS

February

March
Z.S.E. Mining Index1
72.01
66.21
Z.S.E. Industrial Index1
182.64
183.88
Money Supply (Total Bank Deposits) (US$)2
3.81 billion
3.80 billion
Money Supply (M3) Annual Growth2
12.91%
10.47%
Yearly Inflation3
2.98%
2.76%
Sources:
1 Zimbabwe Stock Exchange
2 Reserve Bank of Zimbabwe
3 ZIMSTAT


STOCK MARKET DEVELOPMENTS

Activity on the stock market during the
month of March 2013, somewhat lost impetus due to investors’ profit taking after the
rally experienced at the beginning of the
year .

Trading volumes in March 2013, however,
rose by 39.4%, from 165.8 million shares in
the previous month to 231.1 million shares.
Over the same period last year, trading volumes were recorded at 190.4 million shares,
representing a 21.4% increase on a year-onyear basis.

Market turnover, however, declined to
US$37.8 million in March, from US$46 million in February 2013. The decline partly reflects that trading was concentrated on low
value counters. On an annual basis, however, market turnover registered a growth of
17.4%, from US$33.2 million in March
2012.

The industrial index maintained an upward
trend, gaining 0.7% to close the month of
March 2013 at 183.88 points. On a year-todate basis, the industrial index gained 21.5%.

The mining index continued on a downward
trend, on the back of thin trading volumes in
mining counters. The mining index closed
the month under review 8.1% lower, at 66.21
points. On a year-to-date basis, the mining
index shed 0.1%.

Total market capitalization declined by
0.5%, from US$4.75 billion in February to

2 3

03-Jan-12
03-Feb-12
03-Mar-12
03-Apr-12
03-May-12
03-Jun-12
03-Jul-12
03-Aug-12
03-Sep-12
03-Oct-12
03-Nov-12
03-Dec-12
03-Jan-13
03-Feb-13
03-Mar-13
ZSE Indices
Industrial
Mining

2 4
US$4.73 billion in March 2013. On a year-to
-date basis, market capitalization, however,
registered a gain of 20%.

MONETARY DEVELOPMENTS

Annual growth in broad money supply further declined to 10.47% in March 2013, from
12.91% in February. In absolute terms, broad
money declined from US$3.8 billion in February to US$3.79 billion in March 2013. The
monthly decline of 0.4% was largely due to a
decline in commercial banks’ deposits .
Over the same period, commercial banks’
deposits with a maturity greater than 30
days, also declined by US$48.1 million.

The decline in deposits was underpinned by
deposit maturities which were not rolled
over, but instead were withdrawn from the
banking system. These declines further
worsened the critical liquidity situation in
the economy.
Deposits held by banks largely emanated
from utilities and local authorities, 20.4%;
financial organizations, 18.4%; households
(individuals), 18%; and distribution, 9.3%.

Commercial banks' demand deposits, which
have been on a declining path in 2013, further decreased between February and March
by US$14.8 million, to US$1 965 million.

3 5
Outstanding credit to the private sector
amounted to US$3 620.4 million, from
US$3 574.9 million recorded in February
2013. The growth in credit to the private
sector was mainly explained by a 1.6%
monthly rise in loans and advances.

Following a sustained decline in the deposit
base, annual growth in domestic credit also
continued on a downward trend, decelerating from 34.2% in February to 28.1% in
March 2013. On a month-on-month basis,
growth in domestic credit registered a 1.8%
increase, from 0.1% in the previous month.
Loans and advances increased largely due to
demand for credit in manufacturing (17.5%),
agriculture (17.3%), and distribution (15.9%)
activities. Households accounted for 17.5% of
total
loans
and
advances
to
the private sector.

Credit to the private sector was mainly utilized for other asset purchases (39.7%) as well
as inventory build-up (37.4%). Loans and advances utilized for fixed investment activity
have remained low, with the procurement of
plant and equipment accounting for 3% and
pre and post shipment financing at 2.3%, of
total loans and advances.

Net credit to Government registered an increase of 11.4% between February and March
2013. This was largely due to issuance of
US$40
million
worth
of
365-day Treasury Bills, at an interest rate of
7%.


INFLATION DEVELOPMENTS

Annual Inflation

Annual headline inflation decelerated to
2.76% in March 2013, compared to 2.98% in
February 2013, weighed down by declines in
both food and non-food inflation.
Loans and
Advances
85%
Bills
Discounte
d
3%
Bankers
Acceptanc
es
2%
Mortgages
8%
Other
Investment
s
2%
Credit to Private Sector
Total credit to the private sector as at the
end of March 2013 were US$3 620.4 million.

Annual food inflation slowed down to 4.18%
in March, from 4.67% in February 2013,
while non-food inflation declined from
2.19% to 2.04% during the same period.
Food inflation was largely driven by increases
in prices of bread and cereals, meat, fish and
vegetables, while annual non-food inflation
was underpinned by increases in rentals,
transport, education, alcoholic beverages and
tobacco.
Whilst increases in rentals have slowed down
since January 2013, they continued to be the
major driver of annual non-food inflation
particularly in the housing, water, electricity,
gas and other fuels category.
The increase in transport inflation was driven
by the cost of spare parts, lubricants and accessories for personal transport.
Month-on-Month Inflation

Month-on-month inflation stood at 0.21% in
March 2013, down from 0.95% in February
2013, reflecting the slowdown in the prices
of both food and non-food items.
Monthly food inflation fell to 0.32% in
March, from 1.40% in February 2013,
weighed down by declines in prices of meat,
mineral waters, soft drinks, fruit and vegetable juices, fish and sea food.
The monthly food inflation was largely explained by increases in prices of bread and
cereals, vegetables, fruits and oils and fats.
Monthly non-food inflation eased to 0.15%
in March 2013, from 0.72% in February
2013, following declines in communication,
education, health, restaurants and hotel services.
Increases in passenger transport fares, prices
of furniture and equipment, as well as alcoholic beverages and tobacco, largely drove
monthly non-food inflation.

Inflation Outlook
In the short-term, food inflation is, however,
expected to decelerate on account of the anticipated increase in supply during harvesting
period.
The general decline in international oil prices
since February 2013, if sustained, is anticipated to reduce the price of fuel in the domestic economy. This would generally release pressure on inflation, in the outlook
period.

NATIONAL
PAYMENTS
SYSTEM
DEVELOPMENTS

During the month of February 2013, there
was a significant decrease in the RTGS transactions in value terms. Other payment platforms registered mixed developments.
Zimbabwe Electronic Transfer Settlement
System (ZETSS)
The value of transactions processed through
the RTGS system in March 2013 increased
by 13% to US$3.33 billion, from US$2.97
billion in February 2013, while the volume
of transactions registered an increase of 4%,
from 172 thousand to 179 thousand in the
same period.

Card Systems


The total value of card based transactions
rose by 19.9%, from US$260.5 million in
February to US$312.4 million in March 2013.

Mobile and Internet Based Transactions

The total value of mobile and internet based
transactions further decreased by 35.5%, from
US$199.3 million recorded in February 2013,
to US$128.5 million in March 2013.
Cheques

The total value of cheque transactions increased by 176.4%, from US$5.5 million in
February 2013 to US$15.2 million in March
2013.
Reserve Bank of Zimbabwe
April 2013

STATISTICAL TABLES
CONTENTS

Table


. Monetary Statistics


1.1 Monetary Aggregates

1.2 Broad Money Survey

1.3 Analysis of Monthly Changes in Money Supply

1.4 Analysis of Yearly Changes in Money Supply

2. Sectoral Analysis of Bank Loans and Advances and Deposits


2.1 Sectoral Analysis of Commercial Banks Loans and Advances 15

2.2 Sectoral Analysis of Merchant Banks Loans and Advances

2.3 Sectoral Analysis of Merchant Acceptances

2.4 Sectoral Analysis of Commercial Banks Deposits

2.5 Sectoral Analysis of Merchant Banks Deposits

3. External Statistics


3.1 Total External Debt Outstanding by Debtor

4. Interest Rates


4.1 Lending Rates

4.2 Banks Deposit Rates

5. Inflation


5.1 Monthly Inflation

5.2 Yearly Inflation

6. Exchange Rates

STATISTICAL TABLES
CONTENTS

Table


. Commercial Banks


7.1 Assets

7.2 Liabilities

8. Accepting Houses


8.1 Assets

8.2 Liabilities

9. Building Societies


9.1 Assets

9.2 Liabilities

10. Zimbabwe Stock Exchange Statistics

11. Savings with Financial Institutions

12. Analysis of Liquid Assets of Monetary Banks

13. ZETSS, Cheques and Cards Activity

TABLE 1.1 : MONETARY AGGREGATES
US$ Thousands

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


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. Class C Deposits


0.0
Building Soc. Other Share Deposits

P O S B Time Deposits

M3


TABLE 1.2 : BROAD MONEY SURVEY
US$ Thousands

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


NET FOREIGN ASSETS


Assets


Reserve Bank (RBZ)


Deposit Money Banks (DMBs)


Other Banking Institutions
(OBIs) \1


Liabilities \2


RBZ


DMBs


OBIs


NET DOMESTIC ASSETS


DOMESTIC CREDIT


Claims on Government (net)


RBZ


DMBs


OBIs

203.6
223.8
203.6


Claims on Public Enterprises


RBZ

DMBs


Agri-PEs

Other


OBIs

Claims on Private Sector


RBZ


DMBs


OBIs


OTHER ITEMS (NET)


BROAD MONEY (M3)


MARCH


4,425,618.60
3,845,110.10


54,091.40

54,091.40

3,620,380.60


580,508.50

3,798,524.10

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

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


NET FOREIGN ASSETS


Assets

Reserve Bank (RBZ)

Deposit Money Banks (DMBs)

Other Banking Institutions (OBIs)
\1


-9,229.80
4,084.65
-6,928.0
Liabilities \2

RBZ

DMBs

OBIs


NET DOMESTIC ASSETS \3

DOMESTIC CREDIT

Claims on Government (net)

RBZ
-6.7


DMBs

OBIs


1,233.60

-1,000.00
0.0
20,041.1
Claims on Public Enterpris

RBZ

0.0
0.0
DMBs

Agri-PEs
-1
-1


Other

OBIs

0.0
0.0
Claims on Private Sector

RBZ

DMBs

OBIs

OTHER ITEMS (NET)


BROAD MONEY (M3)

GROWTH RATES


Broad Money (M3)

Domestic Credit

Claims on Private Sector


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


NET FOREIGN ASSETS

Assets

Reserve Bank (RBZ)

Deposit Money Banks (DMBs)

Other Banking Institutions (OBIs)
\1

Liabilities \2

RBZ

DMBs

OBIs

NET DOMESTIC ASSETS \3

DOMESTIC CREDIT


Claims on Government (net)

DMBs

OBIs

203.6
223.8
203.6


Claims on Public Enterprises

RBZ

DMBs

Agri-PEs
-2,338.30
-2,339.30
-252.3

Other

OBIs

Claims on Private Sector

RBZ


DMBs

OBIs


OTHER ITEMS (NET)


BROAD MONEY (M3)


GROWTH RATES


Broad Money (M3)

Domestic Credit

Claims on Private Sector


MARCH


-214,555.1

359,905.6


10.5%
28.1%
25.6%


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


$ Thousands

TABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES


US$ Thousands


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


INVESTMENTS
ORGANISATIONS

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FREBRUARY

MARCH


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


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


INVESTMENT ORGANISATIONS

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

MARCH


US$ Thousands

TABLE 2.3 :SECTORAL ANALYSIS OF MERCHANT BANKS ACCEPTANCES


US$ Thousands


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


INVESTMENT ORGANISATIONS

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY


MARCH


TABLE 2.4 : SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS


US$ Thousands


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


INVESTMENTS
ORGANISATIONS

JANUARY

FEBRUARY

MARCH

263’552.7

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

MARCH


TABLE 2.5 : SECTORAL ANALYSIS OF MERCHANT BANKS DEPOSITS


US$ Thousands


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


INVESTMENTS
ORGANISATIONS

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

MARCH


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


End Period

(US$ millions)


Long-Term External Debt


Government

Bilateral Creditors

Multilateral Creditors

Private Creditors

Public Enterprises

Bilateral Creditors

Multilateral Creditors

Private Creditors

Monetary Authorities

Multilateral Creditors - IMF

Private

Short-Term External Debt

1,348
2,040
1,971
Supplier's Credits

Reserve Bank

Private

Total External Debt/1


Gross Domestic Product

External Debt / GDP

/1 Total external debt excludes penalties


SOURCE: Ministry of Finance and

TABLE 4.1 LENDING RATES (percent per annum)1

Commercial Banks
Merchant Banks


Weighted Average Lending
Rates3

Weighted Average Lending
Rates3


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

Mar


Apr


May


Jun


Jul


Aug


Sep


Oct


Nov


Feb


Notes


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

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


3. Lending rates exclude rates on staff loans.
Dec


Jan


Mar


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


COMMERCIAL BANKS
ACCEPTING HOUSES


END OF
SAVINGS
3 MONTHS
3 MONTHS

JANUARY
0.05-2.00
0.50-18.00
10.00-17.00
FEBRUARY
0.05-2.00
0.50-18.00
10.00-17.00
MARCH
0.05-2.00
0.50-16.00
10.00-17.00
APRIL
0.35-6.00
0.15-17.00
10.00-17.00
MAY
0.30-5.00
0.15-17.00
10.00-17.00
JUNE
0.15-5.00
0.15-17.00
10.00-17.00
JULY
0.15-5.00
0.10-17.00
10.00-17.00
AUGUST
0.15-5.00
0.10-17.00
11.00-17.00
SEPTEMBER
0.15-5.00
0.10-17.00
10.00-17.00
OCTOBER
0.15-5.00
0.10-17.00
10.00-17.00
NOVEMBER
0.15-5.00
0.10-17.00
10.00-17.00
DECEMBER
0.15-5.00
0.10-18.00
10.00-17.00


20122


JANUARY
0.15-5.00
5.00-18.00
10.00-17.00
FEBRUARY
0.15-5.00
5.00-18.00
10.00-17.00
MARCH
0.01-12.00
5.00-20.00
7.00-17.00
APRIL
0.00-12.00
5.00-20.00
8.00-17.00
MAY
0.00-12.00
5.00-20.00
6.00-17.00
FEBRUARY
0.15-8.00
4.00-20.00
6.00-17.00


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


JUNE
0.00-12.00
5.00-20.00
6.00-17.00
JULY
0.00-12.00
5.00-20.00
6.00-17.00
AUGUST
0.00-12.00
5.00-20.00
6.00-17.00
SEPTEMBER
0.00-12.00
5.00-20.00
6.00-17.00
OCTOBER
0.00-12.00
5.00-20.00
6.00-17.00
NOVEMBER
0.15-8.00
4.00-20.00
6.00-17.00
DECEMBER
0.15-8.00
4.00-20.00
6.00-17.00

JANUARY
0.15-8.00
4.00-20.00
6.00-17.00


MARCH
0.15-8.00
4.00-20.00
8.00-12.00

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

NON-FOOD INFLATION
FOOD
INFLATION
ALL

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

& TOBACCO
FOOTWEAR
ELECTRICTY,
GAS
AND


CULTURE

HOTELS
GOODS &
FOOD
NON
ALCOHOLIC
BEVERAGES


& OTHER
EQUIPMENT


SERVICES


FUELS


WEIGHTS


JANUARY

FEBRUARY

MARCH


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

NON-FOOD INFLATION
FOOD
INFLATION
ALL

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

& TOBACCO
FOOTWEAR
ELECTRICTY, GAS
AND


CULTURE
HOTELS
GOODS &
FOOD
NON ALCOHOLIC
BEVERAGES


& OTHER
EQUIPMENT


SERVICES


FUELS


WEIGHTS


JANUARY

FEBRUARY

MARCH


TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES


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

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY


1. Foreign currency per US Dollar.


2. US Dollar per unit of foreign currency.

MARCH


TABLE 7.1: COMMERCIAL BANKS - ASSETS


US$ Millions


Liquid Assets


Securities


Loans & Contingent
Other
Non Financial
Total
End of
Notes


Total
Other Balances Advances
Assets
Assets
Assets
Assets

&
Balances
Balances
Balances


Liquid
with RBZ


Coin
with
with Other
at
Trade
Treasury Agric PEs
Assets


at Banks
RBZ
Banks
Foreign
Banks
Bills
Bills

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug 331.2

Sep

Oct

Nov

Dec


Jan

Feb

Mar


TABLE 7.2: COMMERCIAL BANKS - LIABILITIES
US$ Millions


Deposits


Amounts Owing to
Capital
Contingent
Other
Total
Of which


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


Public


Deposits

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Feb


Jan

Mar


TABLE 8.1 : ACCEPTING HOUSES - ASSETS
US$ Millions


Liquid Assets


Loans & Contingent
Other
Non Financial
Total
End of
Notes


Total
Other
Balances Advances
Assets
Assets
Assets
Assets

&
Balances Balances Balances


Liquid
with RBZ


Coin
with
with Other
at
Trade
Treasury
Assets


at Banks
RBZ
Banks
Foreign
Banks
Bills
Bills

Mar

Apr

May

June

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar


TABLE 8.2 : ACCEPTING HOUSES - LIABILITIES
US$ Millions


Of which


Deposits


Amounts Owing to
Capital
Contingent
Other
Total
Liabilities to the


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


Deposits

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Feb


Jan

Mar


TABLE 9.1 : BUILDING SOCIETIES - ASSETS
US$ Millions


Liquid Assets


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

Coin
Banks


Assets


at Banks

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Feb


Jan

Mar


TABLE 9.2 : BUILDING SOCIETIES - LIABILITIES
US$ Millions


Of which

Deposits
Capital
Other
Total
Liabilities to the


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


Deposits

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov


Dec


Jan

Feb

Mar


Table 10: ZIMBABWE STOCK MARKET STATISTICS


Indices
US$ Millions

Industrial
Mining
Market Capitalisation

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

Jan
179.34
84.07
4,700.33
Feb
182.3
72.01
4,748.24
Mar
183.9
66.2
4,726.34


Source: Zimbabwe Stock Exchange (ZSE)

TABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS


US$ Millions


Commercial
Merchant

Building

End of
Banks
Banks
Other/2
Societies
TOTAL

January

February

March

April

May

June

July

August

September

October

November

December


January

February

March


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

TABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS


US$ Millions


Commercial Banks
Accepting Houses


Liquid
Prescribed
Excess
Liquid
Prescribed
Excess

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

January

February

March

April

May

June

July

August

September

October

November

December


January

February

March

April

May

June

July

Aug

September

February


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

November

December


January

March


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

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Annual Total

Feb


Jan

Mar
3,340.0
15.2
312.4
128.5