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JANUARY 2026

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TABLE OF CONTENTS


OVERVIEW
The ZWG monthly and year on year inflation
rate declined to 0.0% and 4.1% respectively,
reflecting continued price stability.
Broad
money
(M3)
stock
stood
at
ZiG108,915.12 million during the month under
review.
Capital markets began the year on a positive
note, with both the Zimbabwe Stock Exchange
(ZSE) and the Victoria Falls Stock Exchange
recording a bullish trajectory.
National payment systems moderated, as
transactional values and volumes declined by
25% to ZiG206.98 billion and 10% 75.85
million, respectively.
International average commodity prices for all
the selected commodities firmed during the
month under analysis.
Merchandise exports and imports declined to
US$969.4 million and US$855.7 million,
respectively, resulting a trade surplus of
US$113.7 million in January 2026.

INTERNATIONAL COMMODITY
PRICE DEVELOPMENTS
During
the
month
of
January
2026,
international average prices for all the selected
commodities firmed amid stronger investment
demand, heightened geopolitical tensions and
supply constraints.

Table 1 shows the developments in prices of
selected commodities for the month under
review.

Table 1: Average International Commodity
Prices for December 2025 and January 2026
Commodity


Dec-25
Jan-26
Monthly
changes
(%)
Gold
US$/oz
4,308.96
4,763.07
10.54
Platinum
US$/oz
1,887.12
2,421.00
28.29
Palladium
US$/oz
1,590.24
1,844.33
15.98
Copper
US$/t
11,762.67 13,061.29 11.04
Nickel
US$/t
15,067.19 18,019.10 19.59
Brent
Crude
oil
US$/bl
61.66
64.04
3.85
Lithium
US$/t
10,905.71 17,641.90 61.77
Source: Bloomberg, 2026

Gold
Gold prices rose by 10.54% to US$4,763.07 per
ounce in January 2026, up from an average of
US$4,308.96 per ounce recorded in December
2025. Escalating geopolitical uncertainties,
including U.S. military strikes on Venezuela
and broader global tensions, boosted demand
for gold as a safe-haven asset. Additionally,
trade tensions between the United States and
Europe escalated, pushing prices higher.

Platinum
In the reporting month, platinum prices
averaged US$2,421.00 per ounce, an increase
of 28.29%, from US$1,887.12 per ounce
recorded in the prior month. The safe-haven
demand pushed platinum prices to new highs.
The price rally mirrored platinum’s upward
trajectory as investors increasingly sought
precious
metals,
amid
broader
market
uncertainty.

Palladium
Palladium prices firmed by 15.98% to
US$1,844.33 per ounce in the month under
review, from US$1,590.24 per ounce recorded
in December 2025. Rising global automotive

activity and regulatory drivers supporting
internal combustion engines, sustained demand
among carmakers, pushing prices higher.
Stronger expectations of robust industrial
demand, against a background of tighter supply
conditions, supported the uptick in prices.

Figure 1 shows the price movements from
January 2025 to January 2026.

Figure 1: Monthly Precious Metal Prices
(US$ per Ounce): January 2025 – January

Source: Bloomberg, 2026

Brent Crude Oil
In January 2026, Brent crude oil prices
averaged US$64.04 per barrel, an increase of
3.85% from US$61.66 per barrel recorded in
the preceding month. Prices rose amid
heightened geopolitical tensions in the Middle
East.
Renewed
warnings
and
military
movements involving the U.S. and Iran raised
concerns among traders that oil exports from
the key producer could be disrupted.

Figure 2 depicts the Brent Crude Oil price
movements from January 2025 to January
2026.

Figure
2:
Brent
Crude
Oil
Prices
(US$/Barrel) January 2025 to January 2026
Source: Bloomberg, 2026

Copper
During the month under review, copper prices
increased by 11.04%, to US$13,061.29 per
tonne, from US$11,762.67 per tonne recorded
in December 2025. Production outages at key
mines in Chile and Peru, and the continued loss
of output from Cobre Panamá, combined with
low exchange inventories, tightened the
physical market supply, lifting copper prices as
buyers competed for scarce metal. Speculators
extended their buying spree amid expectations
of strong future demand, thereby supporting an
uptick in copper prices.

Nickel
Nickel prices strengthened by 19.59% to
US$18,019.10 per tonne in January 2026, from
US$15,067.19 per tonne recorded in the
previous month. Prices rose amid growing
market speculation that Indonesia, the world’s
largest nickel producer, would reduce nickel
ore output in 2026. Announcements and policy
signals about tighter production quotas led
traders to anticipate a future supply squeeze,
boosting prices.


Jan-25
Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
US$/ounce
US$/ounce
Platinum
Palladium
Gold (RHS)

Jan-25
Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26

The base metal price movements from January
2025 to January 2026 are shown in Figure 3.

Figure 3: Base Metal Prices (US$/tonne):
January 2025 to January 2026

Source: Bloomberg 2026

Lithium
Lithium prices substantially increased by
61.77% to US$17,641.90 per tonne during the
month under review, from US$10,905.71 per
tonne recorded in December 2025. Supply
tightening
concerns,
underpinned
by
production halts at key mines and regulatory
actions aimed at curbing overcapacity in
China’s lithium sector, helped reduce available
supply relative to demand. These disruptions
supported price increases as traders and buyers
adjusted to tighter near-term availability. In
addition, Chinese regulators’ announcement to
phase out the value-added tax (VAT), export
rebates on batteries and related products
spurred manufacturers and traders to accelerate
lithium purchases ahead of time, sharply
boosting short-term demand and pushing
lithium prices higher.

The changes in lithium prices for the period
from January 2025 to January 2026 are
illustrated in Figure 4.

Figure 4: Lithium Prices (US$/tonne)
January 2025 to January 2026

Source: London Metal Exchange, 2026

Merchandise Trade Developments
Zimbabwe’s total merchandise trade decreased
by 10.7% to US$1,825.1 million in January
2026, from US$2,043.2 million recorded in
December 2025. A decline in both exports and
imports fuelled the decrease in merchandise
trade during the month under review. Total
merchandise trade increased by 32.1% on an
annual basis, from US$1.38 billion recorded in
January 2025.

Merchandise Exports
The country’s merchandise exports amounted
to US$969.4 million in the month under
analysis, a 15.1% decrease from US$1,141.7
million recorded in December 2025. The
decline was due to falling exports of gold,
Platinum Group Metals (PGMs), and other
mineral products. Gold exports retreated by
8.6% to US$493.0 million in the reporting
month, from US$539.6 million in the previous
month, in line with the decline in gold

Jan-25
Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
US$/tonne
US$/tonne
Copper
Nickel (RHS)

Jan-25
Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26

production in January 2026. Similarly, PGMs
exports fell by 50.1% to US$104.4 million,
from US$209.2 million recorded in the
previous month.

On a year-on-year basis, exports in January
2026 were 48.5% higher than the US$652.6
million recorded in the corresponding month in
2025. Figure 5 illustrates the developments in
the country’s merchandise exports for the
period from 2025 to 2026.

Figure 5: Monthly Merchandise Exports
(US$ millions): 2025 and 2026

Source: ZIMSTAT, 2026

Exports by Commodity
The country’s export structure remains highly
concentrated in primary commodities, with
gold contributing 50.9% of total export
earnings, followed by tobacco at 25.2% and
Platinum Group Metals (PGMs) at 10.8%. The
country’s exports classified by the Harmonized
Commodity Description and Coding System
for the months of December 2025 and January
2026 are shown in Table 2.


Table 2: Major Exports (US$ millions)

Dec -25
(US$m)
Jan -26
(US$m)
Dec 25 - Jan 26
Changes (%)
Share of Jan
Exports (%)
Total

Of Which:


Gold

Tobacco (Including cigarettes)

PGMs

Other mineral substances

Coal

Steel

Ferrochromium

Other ores and concentrates

Chromium ores and concentrates

Electrical energy

Others

Source: ZIMSTAT & RBZ Calculations, 2026

Export Market
The bulk of the country’s exports were destined
for the United Arab Emirates (51.6%),
followed by China (22.1%) and South Africa
(13.4%), while the remaining share was
distributed among other markets. The country’s
major export markets during the month under
analysis are depicted in Figure 6.

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

Source: ZIMSTAT & RBZ Calculations, 2026

1,042
1,045
1,142

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


United Arab Emirates
China
South Africa
Russian Federation
Indonesia
Zambia
United States
Mozambique
Algeria
Belgium

Merchandise Imports
Merchandise imports decreased by 5.1% to
US$855.7 million in January 2026, from
US$901.5 million recorded in December 2025.
On a year-on-year basis, however, imports
increased by 17.4%, from US$728.8 million
recorded in January 2025.

Figure

shows
the
monthly
import
developments for 2025 and 2026.

Figure 7: Monthly Merchandise Imports
(US$ millions): 2025 and 2026

Source: ZIMSTAT & RBZ Computations, 2026

Imports by Commodity
Industrial supplies continued to constitute the
largest share of the country’s import bill, at
34.1% of total imports. This was followed by
fuel and lubricants at 23.2%, while capital
goods represented 22.0%. Food and beverages
accounted for 8.7% of overall imports.

The imports of major commodities by Broad
Economic Category (BEC) for December 2025
and January 2026 are shown in Table 3.


Table 3: Major Imports (US$ millions)

Dec –25
(US$m)
Jan - 26
(US$m)
Dec 25 –
Jan 26
Changes
(%)
Share of
Total
Imports
(%)
Jan-26
Total

Of Which:


Industrial supplies

Fuels and lubricants

Capital goods

Food and beverages

Transport equipment
and parts

Consumer goods

Others

Source: ZIMSTAT & RBZ Calculations, 2026

Import Markets
During the month under review, the country’s
imports originated from South Africa (30.5%),
followed by China (22.1%), Bahrain (10.3%),
the Bahamas (4.9%), and Mozambique (3.9%),
while the remaining share came from various
other markets, as shown in Figure 8.
Figure 8: Top Ten Merchandise Imports
Destinations (% Share)

Source: ZIMSTAT & RBZ Calculations, 2026


South Africa
China
Bahrain
Bahamas
Mozambi...
Hong Kong
United...
Zambia
Mauritius
India

Merchandise Trade Balance
The country recorded a trade surplus of
US$113.7 million in January 2026, compared
to a surplus of US$240.2 million recorded in
December 2025. In comparison with January
2025, the trade balance improved from
US$76.2 million deficit to US$113.7 million
surplus in the reporting month. The significant
improvement in the trade balance was driven by
stronger export performance relative to import
growth during the period under review.

Figure 9 depicts the country’s trade balance for
January 2026.

Figure 9: Merchandise Trade Balance (US$
millions)
Source: ZIMSTAT & RBZ Computations, 2026
MONETARY DEVELOPMENTS1
Broad money (M3) stock, which consists of
both local and foreign currency components,
stood at ZiG108,915.12 million in January
2026, an increase of 0.76% (ZiG826.42

1 Monetary data was revised from September 2024
following the adoption of new reporting return submitted
by banks. The notable revision is on broad money stock
(M3)
which
was
revised
downwards
due
to
reclassification of Government foreign currency deposits
held by banks from deposits included in broad money.
2 Claims in Government was adjusted to include
exchange losses related to SDR drawdowns. The
million) from ZiG108,088.71 million recorded
in December 2025.
The increase in broad money largely reflected
a month-on-month growth of ZiG1,138.79
million (1.30%) in the foreign currency
component
from
ZiG87,921.26
million
recorded in December 2025 to ZiG89,060.04
million. Over the same period, the local
currency component declined by ZiG312.37
million (1.55%), from ZiG20,167.45 million to
ZiG19,855.08 million.
The M3 stock was largely dominated by foreign
currency deposits, which accounted for 81.77%
of the total money supply, followed by local
currency deposits, at 17.11%, and local
currency in circulation, 0.13%.
Figure 10 shows the composition of the money
supply.
Figure 10: Composition of Money Supply

Source: Reserve Bank of Zimbabwe, 2026

During the month under analysis, the banking
sector's net credit to the Government2
decreased by 8.66% to ZiG66,867.66 million.
adjustment, however, does not imply actual lending to
Government, but is merely an accounting treatment. The
adjustments from June 2025 also include exchange
losses related to external loans transferred to
Government, which were previously classified under
Unrealized Exchange Losses in Other Items Net (OIN).


1,000
1,200
Dec-25
Jan-26
Exports
Imports
Trade Balance
NCDs;
0.99%
Local Currency Time
Deposits; 2.20%
FX Time Deposits;
12.48%
Local Currency
Transferable ;
14.91%
FX Transferable
Deposits; 69.29%
Currency in
Circulation;
0.13%

Credit to the Government is largely in the form
of long-term treasury bills held by banks.
Credit to the private sector declined from
ZiG69,965.23 million to ZiG68,321.79 million.
Outstanding credit to the private sector was
mainly channelled to households, agriculture,
manufacturing
and
distribution,
which
collectively received about 26.83%, 17.33%,
13.61%, and 12.57% of the total credit,
respectively. The mining sector received about
7.06% of the total outstanding credit.
Figure 11 shows the distribution of credit by
sector.

Figure 11: Distribution of Private Sector
Credit

Source: Reserve Bank of Zimbabwe, 2026

Credit to the private sector was largely utilized
for recurrent expenditure (35.40%), inventory
build-up
(20.93%),
and
fixed
capital
investments (18.48%).
STOCK MARKET DEVELOPMENTS
Zimbabwe Stock Exchange (ZSE)
During the month of January 2026, trading was
on a positive trajectory, buoyed by improved
investor sentiments, partly due to a stable
macroeconomic environment. As a result, the
Zimbabwe Stock Exchange (ZSE) All Share,
Top 10, Top 15, Medium and Small Cap indices
registered growths of 28.14%, 30.13%,
32.85%, 17.12% and 0.42% to close the first
month of 2026 at 356.04 points, 366.68 points,
379.65 points, 325.78 points and 100.11 points,
respectively.

In line with the developments on the local
bourse during the period under analysis, the
market gained 26.80%, or ZiG23,388.05
million
worth
of
capitalisation
to
ZiG110,645.38
million
compared
to
ZiG87,257.33 million recorded in the previous
month. Similarly, on an annual basis, market
capitalisation
gained
88.19%,
from
ZiG58,794.86 million recorded in the same
month in 2025.

The resource index remained unchanged at the
previous month’s level. However, on an annual
basis, the mining index lost 48.74%, from
229.61 points recorded in January 2025.

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

Source: Zimbabwe Stock Exchange, 2026
Households
26.83%
Agriculture
17.33%
Mining
7.06%
Manufacturing
13.61%
Distribution
12.57%
Transport and
Communication
4.11%
Services
10.45%
Financial Organisations
and Investments
4.85%
Construction
3.19%
Other
0.01%

31-Jan-25
28-Feb-25
31-Mar-25
30-Apr-25
31-May-25
30-Jun-25
31-Jul-25
31-Aug-25
30-Sep-25
31-Oct-25
30-Nov-25
31-Dec-25
31-Jan-26
ALL SHARE AND TOP 10 INDICES
ZSE ALL SHARE INDEX
Top 10 Index
Mining Index (Points)

During the month under review, the cumulative
value and volume of shares traded increased by
895.33%
and
155.23%,
amounting
to
ZiG914.18 million and 982.36 million shares
compared to ZiG358.17 million and 98.70
million shares recorded in the previous month,
respectively.
The increase in turnover value and volume of
shares was largely informed by notable trade
deals, where a combined total of 745.60 million
shares and 37.43 million shares in TN
Cybertech Investments Holdings and Econet
Wireless Zimbabwe Limited exchanged hands
at average prices of ZiG15.00 cents per share
and ZiG975.32 cents per share, respectively.
In addition, selected trade deals of 19.37
million Ariston Holdings Limited shares and
5.19 million National Tyre Services Limited
shares, exchanged hands at ZiG3.09 cents per
share and ZiG57 cents per share, partly
contributed to the growth.
The proportion of foreign purchases to the
value of shares traded weakened significantly
in January 2026, with foreign purchases
accounting for none of the total value of shares
traded. On the other hand, the cumulative net
foreign position was neutral in January 2026.

Victoria Falls Stock Exchange (VFEX)
Trading on the Victoria Falls Stock Exchange
(VFEX) also began the year 2026 on a bullish
trajectory. Consequently, the VFEX All Share
index added 19.33% to close at 211.36 points,
compared to 177.12 points recorded in the
previous month, as shown in Figure 13.

Figure 13: Victoria Falls Stock Exchange
(VFEX) All Share Index (ASI): January
2025- January 2026

Source: Victoria Falls Stock Exchange, 2026

VFEX Market Capitalization
Owing to the positive developments on the
VFEX market in January 2026, the market
added 18.84%, or US$395.18 million worth of
capitalisation to US$2,492.34 million. This is
in
comparison
to
US$2,097.16
million
recorded in the previous month. Annually, the
VFEX capitalisation gained 95.39%, from
US$1,275.57
million
recorded
in
the
comparable period in 2025.

Figure 14: Victoria Falls Stock Exchange
(VFEX)
Market
Capitalisation
(US$
billions)
Source: Zimbabwe Stock Exchange, 2026

31-Jan-25
28-Feb-25
31-Mar-25
30-Apr-25
31-May-25
30-Jun-25
31-Jul-25
31-Aug-25
30-Sep-25
31-Oct-25
30-Nov-25
31-Dec-25
31-Jan-26

0.5

1.5

2.5

US$ BILLIONS

NATIONAL PAYMENTS SYSTEM
The total digital payment systems transaction
values for January 2026 decreased by 25%
from ZiG275.38 billion in December 2025 to
ZiG206.98 billion. Transactional volumes also
decreased by 10% from 84.23 million to 75.85
million recorded during the same period,
as shown in Figure 15.

Figure 15: Payment Systems Monthly
Transactional Values and Volumes from
February 2025 – January 2026

Source: Reserve Bank of Zimbabwe, 2026
Zimbabwe Electronic Transfer Settlement
System (ZETSS)

The combined value of ZiG and USD
transactions processed through the RTGS
system in January 2026 decreased by 15% from
ZiG164.86 billion recorded in December 2025
to ZiG140.13 billion. Similarly, transactional
volumes also decreased by 20.70% from 1.03
million to 0.81 million during the same period
under review.


Figure 16: RTGS System Trend for Values
and Volumes from January 2025 – January

Source: Reserve Bank of Zimbabwe, 2026

Mobile and Internet-Based Transactions
Mobile
and
internet-based
transactions
decreased by 43.94% from ZiG89.85 billion in
December 2025 to ZiG50.36 billion in January
2026.

Cash Transactions
Cash-based transactions decreased by 16.39%
from ZiG17.63 billion in December 2025to
ZiG14.74 billion in January 2026.

Card-Based Transactions
Card-based transactions decreased by 20.21%
from ZiG20.68 billion in December 2025 to
ZiG16.50 billion in January 2026.
INFLATION OUTTURN
Monthly Inflation Developments
ZiG Monthly Inflation
Monthly ZWG inflation rate decelerated by
0.23 percentage points, from 0.23% in
December 2025 to 0.0 % in January 2026,

Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
Volumes (Millions)
Values (Billions)
Values
Volumes


Jan-25 Mar-25May-25 Jul-25 Sep-25 Nov-25 Jan-26
Volumes in Millions
Values in $ Billions
Values
Volume

partially driven by decreases in both food and
non-food inflation.

The ZWG monthly food inflation decreased
from 0.57% in December 2025, to 0.11% in
January 2026, largely driven by declines in
bread and cereals, milk and sugar. Non-food
inflation also declined from 0.04% in
December 2025 to -0.05% in January 2026.

Figure 17 shows developments in monthly ZiG
inflation from July 2024 to January 2026.

Figure 17: ZiG Month-on-Month Inflation

Source: ZIMSTAT, 2026

US$ Monthly Inflation
The monthly USD inflation rate increased by
0.2 percentage points from 0.0% in December
2025 to 0.2% in January 2026, driven by nonfood inflation. Alcoholic beverages, housing,
water and energy and clothing subcategories
accounted for the largest contribution to the
monthly inflation rate.

Food inflation rose to 0.29%, contributing 0.09
percentage points, largely driven by fruits;
vegetables, fish and sea food categories.

Annual Inflation Developments
ZiG Annual Inflation Developments
The
year-on-year
ZWG
inflation
rate
decelerated from 15.0% in December 2025 to
4.1% in January 2026. The decrease in annual
inflation was driven by non-food inflation
which contributed 2.89 percentage points to the
January 2026 inflation rate. Housing, water and
energy; transport; and education had the largest
contributions to the overall inflation. ZWG
annual food inflation accounted for 1.43
percentage points to annual ZWG inflation,
driven by bread and edible oils.

US$ Annual Inflation Developments
The annual USD inflation rate decelerated to
1.0% in January 2026 from 12.4% in December
2025. USD year-on-year inflation was driven
by food inflation, which stood at -0.82% from
15.5% in December 2025 and accounted for -
0.27 percentage points to the monthly inflation
rate. Non-food inflation declined to 1.96% in
January 2026 from 11% in the previous month,
partly driven by housing, water and energy;
education and alcoholic beverages categories
contributing 1.31 percentage points.
Figure
18:
US$
Annual
Inflation
Developments (%)

Source: ZIMSTAT, 2026
-5

Jul-24
Sep-24
Nov-24
Jan-25
Mar-25
May-25
Jul-25
Sep-25
Nov-25
Jan-26
ZWG Monthly Inflation
-5

Y-O-Y Inflation Rate (%)

Weighted Annual Inflation
The weighted annual inflation rate decreased
from 13.3% in December 2025, to 1.8% in
January 2026, driven by the disinflationary
trend exhibited by both the ZWG and USD
components.

MARCH 2026
RESERVE BANK OF ZIMBABWE

TABLE 1: DEPOSITORY CORPORATIONS SURVEY ($ 'Million)
Dec-24
Jan-25
Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
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

Of which foreign Currency

ODCs

Of which foreign currency

Claims on Other Sectors

Other Financial Corporations

State and Local Government

Public Non Financial Corporations

Private Sector

Central Bank

ODCs

Of which Foreigm currency

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,2026
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
(xiii). Monetary data was revised from September 2024 following the adoption of new reporting return submitted by banks. The notable revision is on broad money stock (M3) which was revised downwards due to reclassification of Government foreign currency deposits held by banks from dep
(xiv) From April 2024, amounts include Unrealised Exchange Losses pertaining to IMF SDR Drawdowns which have been reclassified from Other Assets (OIN).
(xv). The June 2025 figure includes exchange losses related to external loans transferred to the Government, which were reclassified from Unrealised Exchange Losses in Other Items Net (OIN). The adjustment does not indicate a flow of new money.
(xvi). Loans and Advances to Gvt were revised from April 2024 to incorporate exchange losses relating to IMF SDR Drawdowns
(xvii). Loans and Advances to Gvt were further adjusted in June 2025 to include exchange rate related revaluations on external loans transferred to Gvt.

Dec-24
Jan-25
Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
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

of which USD Securities

of which Interest on Foreign Currency TBs

Loans and Advances

Of which Loans (inc interest capitalisation on Loans transfared to Gvt)

Revaluations on External Loans Transfared to Government

Amounts Due from Gvt including SDR Drawdowns

Export Incentives

Less Liabilities to Central Government

Of which: Deposits

of which Foreign Currency

Local Currency 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

Currency Issued

ZWL Coins

ZWL Notes

ZiG Coins

ZiG Notes

Liabilities to ODCs

Reserve Deposits

Local Currency Reserve Deposits

Foreign Currency Reserve Deposits

Exess reserves

of which Excess reserves - ZiG

Excess reserves - FCA

Private Deposits

Source: Reserve Bank of Zimbabwe,2026
Notes
i. Other Foreign Liabilities include blocked funds amounting to USD2.2 billion assumed by the Central Bank on behalf of Government.
ii. From April 2024, claims on Government amounts include Unrealised Exchange Losses pertaining to IMF SDR Drawdowns which have been reclassified from Other Assets (OIN).
iii. The June 2025 figure includes exchange losses related to external loans transferred to the Government, which were reclassified from Unrealised Exchange Losses in Other Items Net (OIN). The adjustment does not indicate a flow of new money.
iv. Loans and Advances to Gvt were revised from April 2024 to incorporate exchange losses relating to IMF SDR Drawdowns
vi. Loans and Advances to Gvt were further adjusted in June 2025 to include exchange rate related revaluations on external loans transferred to Gvt.
TABLE 2: CENTRAL BANK SURVEY ($'Million)

Nov-24
Dec-24
Jan-25
Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
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

of which foreign currency denominated securities

Loans

of which foreign currency

Other
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less Liabilities to Central Government

Of which: Deposits

of which foreign currency deposits

Other

Claims on Other Sectors

Other Financial Corporations

State and Local Government

Public Non Financial Corporations

Private Sector

of which foreign currency denominated loans

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
71,557.89

77,653.70

76,952.92

77,123.33

81,906.89

85,574.56

91,519.33

95,396.24

94,314.20

96,697.98

97,310.75

103,323.38

103,564.22

106,881.82

107,153.03

Transferable Deposits
65,726.26

71,536.87

70,228.43

69,326.09

74,633.46

76,668.54

81,316.50

84,216.03

83,327.48

84,046.56

83,971.86

88,707.29

89,504.29

91,112.50

91,160.81

of which FCAs
54,884.34

59,157.87

58,527.96

57,270.33

62,418.69

63,622.76

66,516.87

70,151.60

69,751.55

70,659.66

70,517.62

74,233.88

74,105.68

73,823.32

75,465.39

Other Deposits (Time Deposits)

of which FCAs

Money Market Instruments
771.68

995.70

1,110.84

1,043.01

1,258.29

1,113.65

1,031.34

1,500.40

1,525.56

1,714.71

1,562.95

1,671.42

1,533.06

403.79

1,075.41

Source:Reserve Bank of Zimbabwe,2026
Notes
i. Monetary data was revised from September 2024 following the adoption of new reporting return submitted by banks.
ii. The notable revision is on broad money stock (M3) which was revised downwards due to reclassification of Government foreign currency deposits held by banks from deposits included in broad money.
TABLE 3 : OTHER DEPOSITORY CORPORATIONS SURVEY ( $ 'Million)

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

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


Nov
72.6

11,233.7

29,835.6

4,498.6

6,365.0


Dec
82.6

10,274.6

32,110.0

5,538.7

8,540.2


Jan
69.3

12,746.4

30,180.7

3,532.9

6,021.2


Feb
75.0

11,639.8

28,998.1

3,283.1

8,161.6


Mar
101.3

9,242.7

30,230.5

3,610.1

12,141.7


Apr
107.4

9,519.9

33,479.3

3,591.2

12,582.7


May
161.4

8,665.8

34,327.1

3,618.3

17,046.8


Jun
212.5

9,521.0

35,799.3

6,230.7

15,373.4


Jul
213.8

9,541.1

35,802.0

6,242.3

15,357.8


Aug
226.2

14,822.2

36,977.1

5,875.5

10,221.8


Sep
239.9

15,521.3

36,090.8

4,591.7

12,448.2


Oct
251.3

14,189.7

36,754.9

5,802.9

12,553.0


Nov
326.3

14,165.5

37,874.5

6,578.1

12,199.9


Dec
369.8

15,140.9

39,886.1

4,131.9

11,461.7


Jan
380.2

20,317.6

36,537.8

5,100.6

10,727.9


Source:Reserve Bank of Zimbabwe, 2026
Notes
i.Government securities includes treasuary bills and bonds
ii.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
ii.Includes households, other financial corporations.
*Statistics are denominated in ZiG
Public Enterprises
Debt Securities
Loans and Advances
Government1
Securities
Other Institutional Units
Foreign
Currency
Denominated
ZiG
Denominated
TABLE 4.1 : OTHER DEPOSITORY CORPORATIONS - ASSETS
Millions

End of
Total Deposits
of which FCA

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

*Sept

*Oct

*Nov

*Dec


*Jan

Source: Reserve Bank of Zimbabwe, 2026
*Statistics are denominated in ZiG
TOTAL
Time Deposits
Savings
Demand
Government
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
Contigent
Non Financial
Notes &
&
with
Other Depository
with
on
Government1
Local Governemt
Public Enterprises
Other2
Government
Government
Enterprises
Loans in ZiG
Loans in Foreign Currency
Total
Other claims
Assets
Other Assets
Assets
TOTAL
Coins
Coin
RBZ
Corporations
Foreign Banks
Non-residents
Securities
securities

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

Nov
58.26

10,111.62

27,498.54

3,102.17

5,626.08

117.33

9,757.48

-

0.00

0.00

287.55

2,326.36

572.57

45,782.99

1,064.73

6,685.94

11,362.33

10,783.91

135,137.8

Dec
64.89

8,774.50

29,312.78

3,217.87

7,673.17

287.57

10,942.77

-

0.00

8.29

54.88

0.57

549.66

46,926.14

1,073.63

6,555.30

13,399.70

11,326.46

140,168.2

Jan
55.47

11,470.10

27,587.58

2,805.14

5,383.93

896.67

12,362.23

-

-

807.94

342.87

-

201.82

6,018.68

38,456.08

44,474.76

4,490.04

6,786.76

7,296.77

14,700.77

139,662.8

Feb
60.09

10,394.10

26,074.71

2,500.83

7,466.49

879.05

11,985.91

-

-

1,227.40

525.19

-

210.91

5,135.14

39,602.20

44,737.33

4,572.78

7,060.84

6,529.15

14,603.01

138,827.8

Mar
79.63

7,880.54

27,417.58

2,717.51

11,623.76

820.11

12,300.30

-

-

1,342.02

509.01

-

196.72

4,699.08

40,942.54

45,641.63

4,354.50

7,859.25

6,540.97

15,243.80

144,527.3

Apr
87.99

8,108.02

30,664.80

2,649.20

12,068.34

413.80

12,241.98

-

-

1,095.15

478.00

-

177.77

4,854.99

44,593.50

49,448.49

4,042.90

6,452.91

9,497.37

15,304.56

152,731.3

May
133.33

7,539.98

31,081.99

2,649.42

16,140.56

419.60

12,259.88

-

-

953.79

469.51

-

151.74

5,278.01

46,383.60

51,661.61

3,991.35

7,163.66

9,319.35

15,249.33

159,185.1

Jun
181.74

8,374.10

32,527.57

5,410.98

14,549.70

119.42

13,604.07

-

-

992.17

508.81

-

141.15

5,228.09

47,537.52

52,765.60

6,477.32

7,532.53

8,140.55

15,060.65

166,386.4

Jul
183.05

8,394.26

32,530.27

5,422.55

14,534.13

119.42

13,602.14

-

-

992.17

508.81

-

141.15

5,228.09

47,619.44

52,847.52

6,442.57

7,493.64

8,217.25

15,090.15

166,519.1

Aug
193.19

13,295.37

33,500.18

4,346.93

8,753.41

609.59

14,232.02

-

-

583.16

540.44

21.46

129.27

6,419.77

47,719.81

54,139.58

7,481.64

8,543.31

9,652.13

15,411.88

171,433.6

Sep
201.68

13,950.40

32,362.47

3,553.93

11,188.77

921.94

13,421.60

-

-

757.44

561.95

18.84

110.22

6,020.45

49,450.81

55,471.26

5,730.80

8,537.36

10,340.98

15,804.22

172,933.8

Oct
204.51

12,507.21

32,947.48

4,526.89

11,385.81

910.64

14,013.13

-

-

655.59

539.19

23.48

267.06

6,236.10

51,566.50

57,802.60

4,997.85

7,774.84

9,423.21

16,097.87

174,077.4

Nov
263.56

12,673.29

33,851.53

5,484.35

10,816.26

828.03

14,055.20

-

-

649.51

515.30

23.74

327.36

5,880.27

53,183.11

59,063.39

5,737.74

9,054.80

9,275.53

15,949.32

178,568.9

Dec
309.46

13,291.25

36,167.66

3,188.93

10,104.59

820.00

15,607.97

-

-

1,469.05

453.93

20.77

412.11

5,956.99

53,287.33

59,244.32

4,666.34

8,262.05

8,562.83

17,160.25

179,741.5

Jan
311.75

18,070.79

33,083.61

4,251.68

9,737.03

703.48

15,231.53

-

-

1,542.21

429.79

23.29

428.07

5,548.70

53,453.83

59,002.53

4,727.54

8,573.50

9,234.32

17,001.46

182,352.6

Feb
Source: Reserve Bank of Zimbabwe, 2026
Notes
i.Government securities include treasuary bills and bonds
ii.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
iii.Includes households, other financial corporations.
Statistics are denominated in ZiG
TABLE 5.1: COMMERCIAL BANKS -ASSETS
ZWG millions
Debt Securities
Loans and Advances
Other Institutional Units

End of
Demand
Savings
Time Deposits
Total Deposits
Other Depository
Government
Total
Of wich FCA
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

Nov

Dec


Jan

Source: Reserve Bank of Zimbabwe, 2026
*Statistics are denominated in ZiG
TABLE 5.2 : COMMERCIAL BANKS - LIABILITIES
Deposits
Amounts Owing to
ZWG millions

Foreign
Other
Contigent
End of
Notes
Claims
Assets
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
Public Enterprise
Other Assets
Assets
Coins
RBZ
Corporations
Foreign Banks
Non-residents
Securities
securities
Loans in ZiG
Loans in Foreign Currency
Total

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

Nov
14.0

918.9
2,141.3

1383.8
649.7

-

602.6

0.0
367.6

5.4

1,293.8

39.5

4,997.5

2566.9
2,458.3

17,439.1

Dec
17.1

1089.4
2,633.9

2306.6
754.5

-

675.7

0.0
361.0

-

1,424.9

35.4

5,500.8

2343.9
2,593.3

19,736.5

Jan
13.1

939.4
2,348.5

616.8
637.3

-

1,028.5

0.0
-

1,019.2

1,294.7

-

356.6

317.5

5,353.2

5,670.7

199.4

-

3001.4
3,282.1

20,407.7

Feb
13.9

980.7
2,545.5

628.6
695.1

-

753.2

0.0
-

997.8

1,428.4

-

335.1

535.1

5,302.8

5,837.9

199.4

-

1754.4
3,294.2

19,464.2

Mar
20.4

1031.3
2,349.0

786.9
517.9

-

844.9

0.0
-

1,066.7

1,604.4

-

284.5

358.4

5,601.2

5,959.7

121.0

-

1684.9
3,466.0

19,737.7

Apr
17.8

1038.4
2,522.2

766.4
514.4

-

900.0

0.0
-

1,084.2

1,815.7

-

284.5

322.9

5,519.7

5,842.6

111.4

-

1736.6
3,476.9

20,111.3

May
26.4

855.4
2,940.4

801.9
906.2

-

1,009.6

0.0
-

1,098.4

1,814.5

-

204.3

695.6

5,865.6

6,561.2

139.8

-

2062.4
3,495.2

21,915.6

Jun
29.0

803.0
2,966.8

631.1
823.7

-

1,262.5

0.0
-

1,046.3

1,892.2

-

197.5

635.7

6,405.1

7,040.8

232.2

-

1786.7
3,716.9

22,428.7

Jul
29.0

803.0
2,966.8

631.1
823.7

-

1,262.5

0.0
-

1,046.3

1,892.2

-

197.5

635.7

6,405.1

7,040.8

232.2

-

1786.7
3,716.9

22,428.7

Aug
32.3

1148.2
3,101.3

1361.4
1,468.4

-

892.1

0.0
-

1,235.6

1,836.0

-

113.8

639.9

6,476.6

7,116.6

593.1

-

2036.4
3,683.5

24,618.5

Sep
34.4

1218.5
3,281.0

813.1
1,259.5

-

830.3

0.0
-

1,226.4

2,125.7

-

107.4

842.6

6,263.1

7,105.7

451.2

-

2125.9
3,664.0

24,242.9

Oct
43.3

1267.3
3,558.0

979.8
1,167.2

-

825.7

0.0
-

1,303.7

2,339.1

-

192.1

741.0

5,924.4

6,665.4

439.4

-

2552.1
3,279.3

24,612.4

Nov
52.6

1073.9
3,497.0

941.9
1,383.6

-

934.1

0.0
-

1,285.1

2,404.5

-

196.6

747.1

5,896.2

6,643.3

445.0

-

2697.9
3,293.4

24,849.0

Dec
56.6

1353.3
3,358.3

770.7
1,357.1

-

813.7

0.0
-

1,218.2

2,301.7

-

240.1

688.4

5,536.9

6,225.3

499.2

-

2126.3
2,525.0

22,845.2

Jan
57.5

1497.5
3,278.9

620.0
990.9

-

734.8

0.0
-

1,079.0

2,294.1

-

1,082.4

689.9

4,363.9

5,053.8

499.5

-

1861.4
2,511.3

21,561.0

Source:Reserve Bank of Zimbabwe, 2026
Notes
i.Government securities include treasuary bills and bonds
ii.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
ii.Includes households, other financial corporations,
* Statistics are denominated in ZiG
Other Institutional Units
TABLE 6.1: BUILDING SOCIETIES ASSETS
ZWG millions
Debt Securities
Loans and Advances

Debt Securities
Foreign Liabilities
Capital
Contigent
Other
TOTAL
and
Liabilities
Liablities
End of
Demand
Savings
Time Deposits
Total Deposits
Other Depository
Government
Total
Of wich FCA
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


Nov


Dec


Jan


Source: Reserve Bank of Zimbabwe, 2026
* Statistics are denominated in ZiG
ZWG millions
TABLE 6.2: BUILDING SOCIETIES -LIABILITIES
Amounts Owing to

END OF

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

*Nov

*Dec


*Jan

*Feb

*Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

*Oct

*Nov

*Dec


*Jan

Source: Reserve Bank of Zimbabwe, 2026
Notes
i.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

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

*Nov

*Dec


*Jan

*Feb

*Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

*Oct

*Nov

*Dec


*Jan

Source: Reserve Bank of Zimbabwe, 2026
*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

*Nov

*Dec


*Jan

*Feb

*Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

*Oct

*Nov

*Dec


*Jan

Source: Reserve Bank of Zimbabwe, 2026
*Lending rates are for ZiG loans
TABLE 8.1: COMMERCIAL 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

*Nov

*Dec


*Jan

*Feb

*Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

*Oct

*Nov

*Dec


*Jan

Source: Reserve Bank of Zimbabwe, 2026
* Deposit rates depict the range of rates qouted by banks.
*Deposit rates are for ZiG deposits
SAVINGS
3 MONTHS
TABLE 8.2 : COMMERCIAL 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

*Nov

*Dec


*Jan

Source: Zimstat, 2026
*Statistics are in ZiG
FURNITURE AND
EQUIPMENT
HEALTH
TRANSPORT
COMMUNICATION
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

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


*Apr

*May

*Jun

*Jul

*Aug

*Sep

*Oct

*Nov

*Dec


*Jan

Source: Zimstat, 2026
*Statistics are in ZiG
FOOD & NON
ALCOHOLIC
CEVERAGES
ALL ITEMS
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

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

*Nov

*Dec


*Jan

Source: Reserve Bank of Zimbabwe, 2026
TABLE 10 : SELECTED INTERNATIONAL EXCHANGE RATES
*The Reserve Bank introduced a new currency ZiG on 5 April
& recalibrated exchange rates to ZiG
END O F
USA DO LLAR
SO UTH ARFICAN
RAND
BO TSWANA PULA
JAPANESE YEN
EURO
PO UND
STERLING

Market Capitalisation
All Share Index*
ZWG millions

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

*Nov

*Dec


*Jan

*Feb

*Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

*Oct

*Nov

*Dec


*Jan

Source: Zimbabwe Stock Exchange, 2026
**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
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

*Nov

*Dec


*Jan

*Feb

*Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

*Oct

*Nov

*Dec


*Jan

Source: Reserve Bank of Zimbabwe, 2026
*Statistics are denominated in ZiG
TABLE 12.1 : ZETSS AND RETAIL PAYMENTS
Values of Transactions (ZWG Millions)

END OF
ZETSS
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

*Nov

*Dec


*Jan

*Feb

*Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

*Oct

*Nov

*Dec


*Jan

Source: Reserve Bank of Zimbabwe, 2026
*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

Nov

Dec


*Jan

*Feb

*Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

*Oct

*Nov

*Dec


*Jan

Source: ZIMSTAT, 2026
TABLE 13 : MERCHANDISE TRADE STATISTICS
(US$ millions)