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September 2024

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TABLE OF CONTENTS


OVERVIEW
Month-on-month inflation increased from
1.4% in the previous month to 5.8% in
September 2024, largely attributable to the
depreciation of the exchange rate on both the
interbank and parallel market.

Broad money stood at ZiG75,007.96 million in
September 2024, an increase of 61.40% from
ZiG46,473.21 million recorded in August
2024, reflecting valuation changes on foreign
currency deposits driven by the depreciation of
the exchange rate.

On the capital markets, the Zimbabwe Stock
Exchange (ZSE) exhibited bullish trends for the
fifth straight month, while the Victoria Falls
Stock Exchange (VFEX) recovered from the
previous month’s losses.

The value of transactions processed through the
National Payment Systems (NPS) increased by
31% to ZiG125.80 billion in September 2024,
from ZiG96.20 billion recorded in August
2024. Similarly, NPS volumes increased by 4%
to 61.58 million during the month under
review, from 59.38 million recorded in August
2024.
Monthly average prices for gold, platinum,
palladium and copper increased, while prices
for nickel, brent crude oil, and lithium declined
in September 2024, amid an uncertain demand
outlook from China.

During the month under review, total
merchandise exports stood at US$575.0
million, while the country’s import bill stood at
US$782.6 million during the same month.
Consequently, the country’s trade deficit
worsened from US$199.2 million in the
previous month to US$207.6 million during the
month of analysis.
INTERNATIONAL COMMODITY
PRICE DEVELOPMENTS
The international monthly average prices for
gold, platinum, palladium and copper increased
while nickel, brent crude oil, and lithium prices
decreased in September 2024. The evolution in
selected international commodity prices during
the month under analysis is shown in Table 1.
Table 1: International Commodity Prices
for August and Sept 2024
Commodity
Aug-24
Sept-24
Monthly
changes (%)
Gold
US$/oz
2,468.72
2,568.69
4.1
Platinum
US$/oz
943.98
963.71
2.1
Palladium
US$/oz
927.95
1,017.51
9.7
Copper
US$/t
9,091.62
9,387.31
3.3
Nickel
US$/t
16,535.81
16,377.29
-1.0
Brent Crude
oil
US$/bbl.
78.60
72.94
-7.2
Lithium
US$/t
11,042.86
10,076.86
-8.7
Source: Bloomberg, 2024

Gold
Gold prices rose by 4.1%, from US$2,468.72
per ounce recorded in August to US$2,568.69
per ounce in September 2024. The increase was
attributed to a weak U.S dollar, a significant
rate cut by the Federal Reserve, and intensified
geopolitical tensions in the Middle East,
making gold a preferred safe haven asset for
investors.

Platinum
Platinum prices improved by 2.1% to
US$963.71 per ounce in September 2024 from
US$943.98 per ounce in August 2024.
Platinum prices were bolstered by anticipated
declines in supply, against an increase in
demand for the metal.

Palladium
Palladium prices increased by 9.7% to
US$1,017.51 per ounce in September 2024
from US$927.95 per ounce recorded in the
previous month. Palladium prices benefitted
from rising automobile demand in Europe and
investor speculation about supply constraints
from regions like Russia and South Africa. The
price trends of precious metals from September
2023 to September 2024 are shown in Figure 1.

Figure 1: Monthly Precious Metal Prices (in
US$ per Ounce): September 2023 –
September 2024

Source: Bloomberg, 2024

Brent Crude Oil
During the month of September 2024, brent
crude oil prices decreased by 7.2%, from a
monthly average of US$78.60 per barrel in
August 2024, to US$72.94 per barrel. The
retreat in oil prices was due to persistent
concerns over weakening global demand and
expectations of increased supply from Libya
and the broader OPEC+ group. Figure 2 shows
developments in oil prices for the period from
September 2023 to September 2024.

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

Source: Bloomberg, 2024

Copper
Copper prices strengthened by 3.3%, from
US$9,091.62 per tonne in August 2024 to
US$9,387.31 per tonne in September 2024.
Copper prices rose on the back of anticipated
supply shortages amid increased demand from
China and increased investor optimism.

Nickel
Nickel
prices
declined
by
1%,
from
US$16,535.81 per tonne recorded in August
2024 to US$16,377.29 per tonne, during the
month under review. The decrease was
primarily on account of excess supply of the
metal. Figure 3 shows base metal price
developments for the period from September
2023 to September 2024.


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

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

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


Lithium
During the month of September 2024, lithium
prices recorded a decrease of 8.7% from
US$11,042.86 per tonne in the previous month
to US$10,076.86 per tonne during the month
under review. Subdued lithium prices were
attributed to excess supply of the metal, as
lithium miners and producers in China
continued to ramp up production. The price
developments for lithium for the period from
September 2023 to September 2024 are shown
in Figure 4.

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

Source: London Metal Exchange, 2024
Merchandise Trade Developments
The
country’s
total
merchandise
trade
amounted to US$1,357.5 million, a 12.3%
decrease from US$1,547.3 million recorded in
August 2024. The decline was largely
underpinned by reductions in both exports and
imports. Year-on-year, total merchandise trade
retreated by 6.5%, down from US$1,451.7
million recorded in September 2023.

Merchandise Exports
Merchandise exports amounted to US$575.0
million in September 2024, reflecting a decline
of 14.7% compared to the US$674.0 million
recorded in August 2024. The decrease was
largely on account of declining exports of gold
and PGMs. In comparison to September 2023,
exports decreased by 15.2% from US$678.1
million recorded in the corresponding month in
2024. Figure 5 shows developments in the
country’s merchandise exports from January
2023 to September 2024.


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

Source: ZIMSTAT, 2024


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


Sep-23
Dec-23
Mar-24
Jun-24
Sep-24
US$/tonne

Jan
Feb Mar Apr May Jun
Jul
Aug Sep
Merchandise Exports (US$m)

Exports by Commodity
Primary
commodities,
specifically
gold,
tobacco, PGMs, and ferro-chromium, remained
the leading exports in the country. These
commodities accounted for 40.3%, 20.8%,
17.5%, and 2.9% of the export basket,
respectively. Export earnings from gold and
PGMs were 9.2% and 10.4%, respectively,
lower than in the previous month. However,
tobacco export earnings remained positive,
amid a rise in sales of stockpiles from current
production. Table 2 shows developments in the
country’s exports for the months of August and
September 2024.

Table 2: Major Exports (US$ millions)

Aug-24
(US$m)
Sep-24
(US$m)
Aug-Sep
Changes
(%)
Share of
Exports
(%) Sep-

Total

Of Which:


Gold

Tobacco
(Including
cigarettes)

PGMS

Coal

Ferrochromium

Other ores and
concentrates

Other mineral
substances

Chromium ores
and concentrates

Industrial
diamonds

Others

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

Export Markets
During the month under review, the main
export markets for the country were the United
Arab Emirates (41.0%), South Africa (25.4%),
and China (14.2%). Figure 6 shows the
country’s major export destinations during the
month under review.

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

Source: ZIMSTAT & RBZ Calculations, 2024

Merchandise Imports
The import bill for September 2024 stood at
US$782.6
million,
10.4%
down
from
US$873.2 million in August 2024, slightly
higher than US$773.6 million recorded in the
same period in 2023, as shown in Figure 7.
Figure 7: Merchandise Imports (US$
millions): 2023 and 2024
Source: ZIMSTAT & RBZ Computations, 2024


United Arab Emirates
South Africa
China
Mozambique
Belgium
Zambia
VietNam
Indonesia
Kenya
Jordan

Jan Feb Mar Apr May Jun Jul Aug Sep

Imports by Commodity
The country's import basket for September
2024 was dominated by diesel, maize, steam
and other vapor turbine parts, and petrol, which
represented 10.9%, 4.2%, 3.8%, and 3.6% of
total imports, respectively. Table 3 shows
imports of major commodities for the months
of August and September 2024.

Table 3: Major Imports (US$ millions)

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

Of Which:


Diesel

Maize

Parts of
steam and
other vapor
turbines

Petrol

Electricity

Fertilizers

Crude soya
bean oil

Wheat

Boards

Soya beans

Others

Source: ZIMSTAT & RBZ Calculations, 2024

The country sourced most of its imports from
South Africa which accounted for about 36.8%
of total imports followed by China, Bahamas,
and Singapore at 19.2%, 6.1% and 4.6%,
respectively. Figure 8 shows the country’s top
import sources in September 2024.


Figure 8: Top Ten Merchandise Import
Sources (% Share)

Source: ZIMSTAT & RBZ Calculations, 2024

Merchandise Trade Balance
The country’s trade balance remained in a
deficit, amounting to US$207.6 million in
September 2024, up from a deficit of US$199.2
million recorded in August 2024. Year-onyear, trade balance also widened from a deficit
of US$95.5 million in September 2023. Figure
9 shows the country’s trade balance for the
period January to September 2024.

Figure 9: Merchandise Trade Balance (US$
millions)

Source: ZIMSTAT & RBZ Computations, 2024


South Africa
China
Bahamas
Singapore
United...
Mozambique
Zambia
India
Bahrain
Hong Kong

Jan-24
Feb-24
Mar-24
Apr-24
May-24
Jun-24
Jul-24
Aug-24
Sep-24
Exports
Imports
Trade Balance

MONETARY DEVELOPMENTS1
Broad
money
(M3)
stock
stood
at
ZiG75,007.96 million in September 2024, an
increase of 61.40% from ZiG46,473.21 million
recorded in August 2024.
The increase in broad money largely reflected
valuation changes on foreign currency deposits
related to exchange rate depreciation. The
exchange
rate
depreciated
from
US$1/ZiG13.85 at the end of August 2024 to
US$1/ZiG24.88 at the end of September 2024.
In levels, the foreign currency component of
broad money increased by 78.50%, from
ZiG34,707.15 million in August 2024 to
ZiG61,951.96 million in September 2024. The
local currency component recorded a monthon-month
growth
of
10.96%,
from
ZiG11,766.06 million to ZiG13,056.00 million.
The money stock comprised of foreign
currency deposits, 82.59%; local currency
deposits, 17.30%; and local currency in
circulation, 0.11%.
Figure 10: Composition of Money Supply
Source: Reserve Bank of Zimbabwe, 2024


1 All monetary numbers are valued in ZiG since the
introduction of the new currency in April 2024.
During the month under review, domestic
credit
increased
by
67.54%,
from
ZiG42,153.48 million in August 2024 to
ZiG70,625.38
million.
The
increase
in
domestic credit largely reflected the impact of
valuation changes on foreign currencydenominated loans and advances. As such,
credit to the private sector and net claims on the
Government
recorded
month-on-month
expansion of 69.51% and 62.38%, from
ZiG29,765.67
million
and
ZiG11,078.26
million
to
ZiG50,454.50
million
and
ZiG17,989.09 million, respectively.
Outstanding credit to the private sector was
mainly channelled to households, agriculture,
manufacturing,
and
distribution,
which
received 27.92%, 15.67%, 15.01%, and
11.80% of the total credit, respectively. The
mining sector received 10.18% of the total
outstanding credit.
Private sector credit shares for the rest of the
economic sectors are shown in Figure 11.

Figure 11: Distribution of Private Sector
Credit

Source: Reserve Bank of Zimbabwe, 2024
NCDs,
0.03%
Local Currency Time
Deposits, 1.37%
FX Time
Deposits, 6.45%
Local Currency
Transferable ,
15.90%
FX Transferable
Deposits, 76.14%
Currency in
Circulation,
0.11%
Households
27.92%
Agriculture
15.67%
Mining
10.18%
Manufacturing
15.01%
Distribution
11.80%
Transport and
Communication
2.36%
Services
8.03%
Financial
Organisations and
Investiments
6.11%
Construction
2.91%
Other
0.01%

Credit to the private sector was largely utilized
for recurrent expenditures, 34.73%; inventory
build-up,
25.94%;
and
fixed
capital
investments, 14.81%.

STOCK MARKET DEVELOPMENTS
Zimbabwe Stock Exchange (ZSE)
The Zimbabwe Stock Exchange exhibited
bullish trends for the fifth straight month in
September 2024. This resulted in a 21.41% and
25.26% increase in the All Share and Top 10
indices to close at 243.41 points and 259.95
points, respectively.
The Top 15 and Medium Cap indices also
added 25.56% and 12.23% to close at 256.93
points and 192.59 points, respectively.
The mining index, however, declined by 0.69%
to close the month at 251.68 points during the
period under review.

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

Source: Zimbabwe Stock Exchange, 2024

Cumulative volumes and values of shares
traded increased by 117.58% and 66.35% to
257.09 million shares and ZiG273.85 million,
from 118.16 million shares traded and
ZiG164.63 million recorded in the previous
month.
The proportion of foreign purchases to the
value of shares traded, improved from 0.17% in
August 2024 to 0.99% in September 2024.
Net foreign position improved from a negative
position of ZiG18.89 million in August 2024 to
a negative ZiG6.37 million during the month of
September 2024.

Figure 13: ZSE Monthly Volume and Value
Traded

Source: Zimbabwe Stock Exchange, 2024

Reflecting the bullish sentiments on the ZSE
during the period under analysis, the market
added 21.22%, (ZiG13,040.78 million) worth
of capitalization to close at ZiG74,489.51
million, compared to ZiG61,448.73 million
recorded in the previous month.

03-Jun-24
10-Jun-24
17-Jun-24
24-Jun-24
01-Jul-24
08-Jul-24
15-Jul-24
22-Jul-24
29-Jul-24
05-Aug-24
12-Aug-24
19-Aug-24
26-Aug-24
02-Sep-24
09-Sep-24
16-Sep-24
23-Sep-24
30-Sep-24
ALL SHARE AND TOP 10 INDICES
ZSE ALL SHARE INDEX
Top 10 Index
Mining Index (Points)

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

Victoria Falls Stock Exchange (VFEX)
During the month of September 2024, the
Victoria Falls Stock Exchange (VFEX)
recovered from losses recorded in the previous
month. As such, the VFEX All Share index
added 2.38% to close at 107.35 points,
compared to 104.86 points recorded in August
2024.

Annually, the VFEX All Share index rose by
44.09%, from 74.50 points recorded in
September 2023 to 107.35 during the month
under review.

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

Source: Victoria Falls Stock Exchange, 2024

VFEX Market Capitalization
Market capitalization of the VFEX increased
by 2.38% to US$1,296.58 million, from
US$1,266.45 million recorded in the previous
month, due to improved trading activity on the
bourse


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

Source: Victoria Falls Stock Exchange (VFEX), 2024

NATIONAL PAYMENTS SYSTEM
The value of aggregate transactions processed
through the National Payment Systems (NPS)
increased by 31% to ZiG125.80 billion in
September 2024 from ZiG96.20 billion
recorded in the previous month. NPS volumes
increased by 4% to 61.58 million from 59.38
million recorded in August 2024.

Zimbabwe Electronic Transfer Settlement
System (ZETSS)

The value of transactions processed through the
RTGS system in September 2024 increased by
18% to ZiG65.05 billion from ZiG54.98 billion
in August 2024.

Similarly, the volume of RTGS transactions
increased by 4% from 0.97 million in the
previous month to close at 1.01 million during
the month under analysis.

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


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

Mobile and Internet Based Transactions
Mobile
and
internet-based
transactions
increased by 52% to ZiG50.74 billion in
September 2024, from ZiG33.32 billion in
August 2024.

Cash Transactions
Cash based transactions increased by 22.9% to
ZiG9.75 billion in September 2024, from
ZiG7.94 billion in August 2024.

Card Based Transactions
Card based transactions increased by 26.6% to
ZiG10.02 billion during the month under
review, from ZiG7.91 billion in August 2024.

INFLATION OUTTURN
During the month of September 2024, both the
US$ and ZiG inflation increased, largely driven
by exchange rate depreciation on both the
interbank and the parallel market.

US$ Annual Inflation Developments
Annual headline inflation accelerated to 4.2%
in September 2024, from 3.7% recorded in the
previous month.

Figure
16:
US$
Annual
Inflation
Developments (%)

Source: ZIMSTAT, 2024
Monthly Inflation
The ZiG monthly inflation rate surged from
1.4% recorded in August 2024, to 5.8% in
September 2024.

US$ month-on-month inflation rate also
quickened from 0.2% recorded in August 2024,
to 0.7% recorded in September 2024.
Resultantly,
weighted
monthly
inflation
increased from 0.4% in August 2024 to 1.9% in
September 2024.

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

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

Source: ZIMSTAT, 2024


NOVEMBER 2024
RESERVE BANK OF ZIMBABWE

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

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

Statistical Tables
Monetary Statistics
1. Depository Corporations Survey

2. Central Bank Survey

3. Other Depository Corporations Survey

Other Depository Corporations

4.1 Assets

4.2 Liabilities

Commercial Banks
5.1 Assets

5.2 Liabilities

Building Societies
6.1 Assets

6.2 Liabilities

Sectoral Analysis of Bank Loans and Advances and Deposits

7.1 Sectoral Analysis of Commercial Banks Loans and Advances

7.2 Sectoral Analysis of Commercial Banks Deposits

Interest Rates

8.1 Lending Rates

8.2 Banks Deposit Rates

Inflation

9.1 Monthly Inflation

9.2 Yearly Inflation

External Statistics
10. Exchange Rates

Zimbabwe Stock Exchange
11. Zimbabwe Stock Market Statistics

National Payments System Statistics


12.1 Values of Transactions

12.2 Volumes of Transactions

Trade Statistics


13. Merchandise Trade Statistics

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

Central Bank(net)

Foreign Assets

Foreign Liabilities

Other Depository Corporations(net)

Foreign Assets

Foreign Liabilities

Net Domestic Assets (NDA)

Domestic Claims

Claims on Central Government(net)

Claims on Central Government

Central Bank

ODCs

Less Liabilities to Central Government

Central Bank

ODCs

Claims on Other Sectors

Other Financial Corporations

State and Local Government

Public Non Financial Corporations

Private Sector

Central Bank

ODCs

Other Items(Net)

Shares and Other Equity

Liabilities to Other Financial Corporations

Restricted Deposits

Deposits and Securities Excluded from Base Money

Other Items(net)

Broad Money-M3

Securities Other than Shares Included in Broad
Money

Broad Money-M2

Other Deposits (Time Deposits)

of which Foreign Currency Accounts

Narrow Money-M1

Transferable Deposits

Of which Foreign Currency Accounts

Currency Outside Depository Corporations

Memorandum Items
Reserve Money

FCAs as a Percentage of Deposits in M3

End Period Exchange Rate

Source: Reserve Bank of Zimbabwe, 2024
Notes:
(i) Depository corporations survey - formerly Monetary Survey.
(ii) Broad money redefined using IMF's Monetary and Financial Statistics Manual of 2000. Major changes include exclusion of Government deposits held by banks from broad money.
(iii) Transferable deposits made up of demand and savings deposits.
(iv) NCDs are also referred to as securities included in broad money.
(v) All classes of time deposits, short and long term are classified as time deposits, which are also termed other deposits.
(vi) Credit to the private sector now excludes claims on other financial corporations, as well as claims on state and local government (local authorities)
(vii) Depository corporations made up of the Central Bank and other depository corporations
(viii) Other depository corporations (ODCs) - Commercial banks, merchant banks, building societies and POSB.
(ix) In December 2017, the statistics were adjusted in restrospect by reclassifying Securities issued under Aftrades from claims on government to claims on central bank
(x) In December 2017, the statistics were adjusted in restrospect by reclassifying amounts accessed by banks under the Aftrades from liabilities to Other Depository corporations and Other Financial Corporations to liabilities to Central Bank
(xi) In December 2018, statistics were revised from November 2017 due to reclassification of lines of credit (foreign liabilities) that were initially classified as deposits included in broad money
(xii) All monetary and financial statistics are valued in ZWL$ since the introduction of the interbank foreign exchange market in February 2019
*Statistics are denominated in ZiG

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

Claims on Non Residents

Official Reserves Assets

Other Foreign Assets

Less Liabilities to Non Residents

Short Term Liabilities

Other Foreign Liabilities*

of which blocked funds

Net Domestic Assets (NDA)

Domestic Claims

Net Claims on Central Government

Claims on Central Government

of which: Securities Other than Shares

Loans

Loans and Advances

Amounts Due from Gvt including SDR Drawdowns

Export Incentives

Less Liabilities to Central Government

Of which: Deposits

Other

Claims on Other Sectors

Other Financial Corporations

State and Local Government

Public Non Financial Corporations

Private Sector

Claims on Other Depository Corporations

Of which: Loans

Other Liabilities to ODCs

Of which: Aftrades Balances

Securities

Other Items(Net)

Shares and Other Equity

Other Items(Net)

Liabilities to Other Resident Sectors

Deposits and Securities Excluded from Base Money

Monetary Base

Bond Coins

Bond Notes

Zig Notes

ZiG Coins

Liabilities to ODCs

Local Currency Reserve Deposits

Foreign Currency Reserve Deposits

Exess reserves

Private Deposits

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

TABLE 3 : OTHER DEPOSITORY CORPORATIONS SURVEY ( ZWG '000)
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
*Apr-24
*May-24
*Jun-24
*Jul-24
*Aug-24
*Sep-24
Net Foreign Assets

Claims on Non Residents

Of Which: Foreign Currency

Deposits

Other

Less Liabilities to Non Residents

Of Which: Deposits

Loans

Other

Net Domestic Assets (NDA)

Domestic Claims

Net Claims on Central Government

Claims on Central Government

Securities

Loans

Other
-

-

-

-

-

-

-

-

-

-

-

-

Less Liabilities to Central Government

Of which: Deposits

Other

Claims on Other Sectors

Other Financial Corporations

State and Local Government

Public Non Financial Corporations

Private Sector

Claims on the Central Bank

Currency

Reserves

Securities

Other Claims

Liabilities to the Central Bank

Other Items(Net)

Shares and Other Equity

Liabilities to other ressident sectors

Other Items(Net)

Deposits and Securities Included in Broad Money

Deposits Included in Broad Money
16,730,519,506.06

17,590,333,042.62

18,838,163,125.87

29,182,930,103.98

40,568,677,127.34

59,114,397,682.94

38,621.44

40,645.11

42,530.97

45,632.72

46,313.21

74,560.41

Transferable Deposits
15,543,135,460.62

16,351,245,253.30

17,550,959,163.20

27,433,139,639.80

37,763,111,417.94

54,658,584,424.60

35,915.96

37,368.65

38,710.52

41,742.43

42,434.91

68,694.00

of which FCAs
12,388,978,422.26

12,751,597,340.40

13,391,882,427.59

22,891,974,397.20

32,954,377,682.43

47,588,241,673.51

29,421.56

29,788.82

30,114.64

31,415.69

31,648.53

56,811.01

Other Deposits (Time Deposits)

of which FCAs

Money Market Instruments
3,497,226.23

4,173,191.32

42,811,406.21

7,317,942.35

9,458,363.45

6,990,856.69

2.80

4.37

3.99

19.18

26.61

23.83

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

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

Jan
1,483.3

42,733.9

77,994.4

13,109.2

40,071.8


Feb
1,735.4

41,180.7

76,140.3

17,748.1

39,141.4


Mar
1,457.1

40,953.3

83,032.1

6,945.5

42,516.8


Apr
1,699.7

40,964.4

85,330.2

6,844.8

49,733.4


May
1,906.1

30,579.1

94,330.9

7,907.2

63,644.8


Jun
1,702.8

30,255.6

75,795.2

25,605.9

72,780.6


Jul
2,139.9

30,509.1

104,983.5

17,817.9

82,032.9


Aug
2,551.1

33,323.4

93,806.9

11,919.2

72,753.9


Sep
2,853.7

38,500.1

100,996.0

8,626.8

68,707.9


Oct
2,611.1

50,074.7

108,009.2

9,575.8

89,822.4


Nov
2,721.5

53,424.3

107,781.7

15,560.6

74,072.3


Dec
2,838.3

50,031.0

118,451.3

13,654.0

91,352.6


Jan
2,891.2

53,378.3

116,654.8

13,232.3

69,668.2


Feb
2,577.7

62,064.5

122,479.8

17,480.5

76,802.2


Mar
2,111.5

76,544.2

142,962.5

19,239.6

87,884.5


Apr
2,624.9

74,716.9

160,466.5

28,352.1

123,190.3


May
3,155.9

142,118.9

236,166.0

35,928.9

207,812.8


Jun
2,801.2

138,347.1

266,691.8

45,952.0

241,920.1


Jul
2,427.6

159,024.6

315,832.5

39,388.2

230,432.5


Aug
2,640.6

263,637.4

411,439.9

69,203.5

311,107.0


Sep
3,030.7

289,230.8

504,071.1

75,446.7

417,007.1


Oct
3,022.6

300,240.3

525,870.3

104,483.2

389,979.7


Nov
3,251.4

286,365.2

575,885.7

111,716.1

342,790.1


Dec
3,361.7

295,435.1

652,284.4

119,932.8

351,906.8


Jan
4,923.3

379,841.7

704,168.6

151,980.1

389,342.8


Feb
1,880.1

436,062.8

743,888.5

81,067.5

518,081.0


Mar
2,031.6

425,326.5

817,631.1

112,374.3

531,935.4


Apr
1,844.7

462,081.4

972,122.7

161,740.7

620,095.0


May
1,107.2

1,048,116.4

2,049,066.1

309,234.1

1,554,969.0


Jun
1,984.5

2,249,201.6

4,424,350.0

471,360.3

3,050,984.1


Jul
1,489.0

1,584,403.3

4,137,377.2

380,493.0

3,132,849.9


Aug
2,292.1

1,505,916.2

4,651,358.8

448,025.8

3,179,274.3


Sep
2,465.6

2,015,621.6

5,263,338.5

560,033.8

3,210,332.7


Oct
2,425.4

2,312,575.1

5,910,277.9

751,077.6

2,663,186.5


Nov
2,705.3

2,558,589.3

6,324,144.1

730,377.0

2,788,783.6


Dec
3,398.4

2,868,505.6

5,973,706.9

918,524.5

2,631,445.7


Jan
2,947.9

5,196,670.6

9,096,074.6

1,414,527.9

3,957,664.6


Feb
3,143.6

7,309,077.0

12,595,037.9

2,395,225.7

5,340,576.7


Mar
2,831.0

9,785,505.6

16,734,744.0

3,185,636.7

7,548,560.1


*Apr
7.5

4,794.8

11,004.0

2,108.7

5,798.1


*May
15.0

4,337.6

12,420.7

2,281.4

6,437.2


*Jun
9.2

4,753.1

12,746.0

2,349.5

6,493.3


*Jul
7.5

5,739.9

11,453.3

1,987.0

6,135.6


*Aug
6.4

6,444.9

13,516.2

2,310.5

4,922.1


*Sep
7.9

10,895.9

22,399.7

3,870.6

8,728.6


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

End of

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

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

End of
Foreign
Bond
Notes
Balances
Balances with
Balances
Other Claims
Local
Public
Other
Contigent
Non Financial
Notes &
&
with
Other Depository
with
on
Government1
Local Governemt
Public Enterprises
Other2
Government
Government
Enterprises
Institutional Units3
Other claims
Assets
Other Assets
Assets
TOTAL
Coins
Coin
RBZ
Corporations
Foreign Banks
Non-residents
Securities
securities

Jan
1,237.43

39,565.64

71,463.64

12,288.89

39,092.85

10,921.99

8,281.80

-

-

1.18

16.67

18.01

1,264.28

71,090.96

718.83

25,036.22

12,333.21

32,123.11

325,454.7

Feb
1,320.27

38,100.03

69,341.48

16,867.76

38,108.83

6,341.39

12,518.15

-

-

1.26

24.15

22.69

1,493.66

77,324.34

774.89

28,339.17

15,953.14

33,612.14

340,143.4

Mar
1,244.16

38,369.53

76,479.44

5,317.61

41,401.24

8,733.65

15,889.61

-

19.21

34.56

15.17

21.67

1,309.75

80,607.03

878.97

32,908.13

19,302.34

30,861.86

353,393.9

Apr
1,430.83

38,008.89

79,592.64

5,639.40

48,564.03

7,679.05

18,267.01

-

19.23

62.89

19.86

12.71

1,336.70

91,062.16

956.75

34,537.88

21,214.88

32,383.77

380,788.7

May
1,648.09

28,677.21

87,611.51

6,479.66

59,745.10

11,582.44

18,846.75

-

152.75

93.37

21.77

16.58

1,263.75

94,790.46

990.41

35,592.28

21,398.95

31,307.45

400,218.5

Jun
1,419.27

28,452.53

69,413.26

24,215.35

70,835.98

17,601.31

17,152.75

-

19.46

92.91

17.91

77.79

1,511.86

106,954.15

1,247.08

26,856.45

26,444.57

33,288.94

425,601.6

Jul
1,794.72

29,100.73

97,429.50

15,901.02

79,937.02

25,314.30

21,665.10

-

290.76

47.39

17.32

67.80

1,351.13

117,348.16

1,301.18

26,869.18

29,079.64

33,587.68

481,102.6

Aug
2,137.72

31,734.84

85,441.98

9,099.10

70,391.64

25,194.95

31,434.20

-

339.72

51.28

22.49

63.94

1,583.28

132,522.63

1,337.19

32,281.12

30,022.43

37,697.05

491,355.6

Sep
2,417.81

36,259.54

93,032.71

6,164.78

66,640.78

25,023.38

31,460.81

-

366.88

57.60

21.07

62.45

1,531.08

134,780.92

1,342.62

31,980.97

30,439.34

34,630.85

496,213.6

Oct
1,993.06

47,379.62

99,470.02

7,339.71

86,302.62

26,924.18

37,639.16

-

188.07

121.59

21.20

75.41

1,683.89

149,477.36

1,523.34

49,580.96

40,853.06

36,664.31

587,237.6

Nov
2,168.80

49,327.15

100,125.90

12,723.73

71,667.33

29,748.47

41,015.56

-

187.03

999.12

21.24

74.76

1,882.53

168,661.25

1,484.24

52,327.68

40,073.22

43,878.52

616,366.5

Dec
2,315.32

46,412.99

109,803.84

10,942.92

87,347.07

33,690.93

38,610.29

-

185.99

4,146.13

21.09

167.53

2,798.61

184,836.87

3,368.75

60,916.98

41,811.67

59,011.63

686,388.6

Jan
2,359.27

49,206.02

108,119.97

10,419.90

66,808.45

30,774.31

38,636.84

-

186.80

801.50

20.33

163.02

3,628.73

199,495.34

2,997.94

53,627.76

47,405.91

69,989.80

684,641.9

Feb
1,971.78

57,553.54

112,522.99

14,300.66

70,750.63

28,703.53

44,705.21

-

-

976.55

20.34

158.06

5,367.16

215,520.37

3,055.50

55,099.61

53,459.12

70,832.47

734,997.5

Mar
1,541.49

70,856.33

130,423.48

15,503.46

82,662.70

43,284.13

44,874.23

-

-

1,380.20

19.40

253.42

6,240.94

258,715.05

3,092.69

65,660.61

58,874.69

76,938.87

860,321.7

Apr
1,939.64

70,204.43

144,168.02

23,452.88

117,033.42

26,628.79

57,772.47

-

-

722.54

37.54

252.44

6,858.06

305,476.79

4,348.46

53,372.28

62,788.55

71,414.75

946,471.1

May
2,397.94

131,996.38

211,837.59

31,586.61

190,366.81

61,757.62

64,373.91

-

154.99

1,559.14

41.28

289.00

16,193.81

398,048.90

4,712.74

134,993.54

94,851.60

111,543.84

1,456,705.7

Jun
2,263.18

127,839.16

234,109.43

40,937.28

219,607.39

63,631.76

83,690.44

-

653.97

2,159.12

61.20

226.29

13,888.60

478,163.38

8,954.46

169,511.81

110,528.09

168,440.54

1,724,666.1

Jul
1,578.47

147,217.74

284,912.89

34,334.13

202,815.28

41,246.78

86,971.63

-

394.34

1,852.14

100.65

349.68

22,516.21

556,692.12

9,737.92

144,090.18

129,869.55

192,524.32

1,857,204.0

Aug
1,630.70

247,190.46

377,078.80

64,650.96

273,181.97

29,186.59

95,346.12

-

330.12

3,556.96

113.50

287.14

26,564.57

681,253.30

11,493.92

167,029.36

238,442.98

194,745.11

2,412,082.6

Sep
1,791.71

270,594.59

465,301.31

68,020.95

370,323.69

18,184.96

134,414.53

-

267.40

4,916.56

115.11

306.33

21,773.50

806,774.24

12,680.89

146,133.14

215,417.68

219,933.24

2,756,949.8

Oct
1,704.79

281,204.64

480,106.49

94,573.08

343,440.15

22,895.35

136,939.74

-

204.69

2,201.55

116.48

341.96

22,935.50

852,069.39

15,525.65

165,306.91

232,188.99

245,924.22

2,897,679.6

Nov
1,644.95

259,109.18

533,438.97

101,870.32

299,715.01

17,089.04

180,534.44

-

141.97

2,292.28

119.53

303.55

22,178.73

960,814.77

15,450.39

170,944.78

196,338.19

250,551.19

3,012,537.3

Dec
1,778.71

263,863.65

603,136.26

110,935.77

299,087.30

7,965.37

266,725.41

-

79.26

3,887.78

114.42

282.61

30,272.25

1,066,654.12

16,130.63

159,126.16

189,560.01

344,235.10

3,363,834.8

Jan
2,391.61

340,953.56

654,740.29

143,455.70

335,380.17

(1,443.59)

301,026.07

-

105.97

4,873.87

228.45

251.24

44,113.17

1,307,512.98

17,767.70

227,545.42

204,830.78

374,080.77

3,957,814.2

Feb
1,470.56

366,544.71

691,937.49

71,097.36

452,795.43

21,074.53

306,913.92

-

50.02

1,524.98

318.96

197.44

44,691.50

1,481,851.05

18,037.18

226,932.96

224,983.29

411,002.80

4,321,424.2

Mar
1,771.98

344,570.46

755,463.34

103,284.07

478,333.21

41,928.66

330,669.68

-

-

3,884.11

432.22

149.78

48,725.38

1,679,284.89

28,439.56

554,840.85

254,605.57

438,790.17

5,065,173.9

Apr
1,631.24

388,822.83

903,029.49

144,252.31

555,886.92

32,206.95

361,846.09

-

-

8,716.45

559.82

99.28

54,058.39

1,722,384.40

28,899.91

214,270.92

321,765.39

476,263.19

5,214,693.6

May
1,010.26

907,818.70

1,932,225.57

281,052.93

1,351,116.97

84,147.32

570,367.60

-

-

8,974.78

4,599.15

80.34

112,188.06

3,844,133.80

65,696.39

607,438.10

669,908.72

758,154.17

11,198,912.9

Jun
1,762.11

1,979,000.71

4,218,755.04

444,538.09

2,584,596.63

350,042.51

865,465.55

-

-

221.09

10,133.46

8,052.34

260,946.26

8,487,837.63

92,224.26

1,390,786.24

1,304,228.92

2,222,499.38

24,221,090.2

Jul
1,305.13

1,428,604.02

3,898,282.53

359,151.15

2,646,743.26

337,541.82

1,133,463.14

-

-

153.30

7,368.09

68.07

208,253.70

6,917,007.30

129,308.58

829,382.28

1,155,945.57

2,438,538.20

21,491,116.1

Aug
1,664.09

1,370,651.81

4,309,693.74

391,792.23

2,693,989.06

208,098.88

1,084,784.90

-

-

138.30

7,469.95

75.80

205,341.47

6,863,348.14

127,816.16

701,626.16

1,081,800.09

2,446,465.02

21,494,755.8

Sep
1,503.56

1,763,364.33

4,914,305.55

517,813.92

2,760,807.78

247,094.60

1,204,684.14

-

-

9.75

9,935.82

92.05

219,878.94

8,245,053.80

151,685.43

776,997.57

1,312,147.78

2,668,520.81

24,793,895.8

Oct
1,977.18

2,059,471.85

5,625,069.70

562,790.91

2,202,475.21

175,235.94

1,172,130.22

-

-

0.03

10,816.83

98.06

237,525.73

8,864,363.09

153,534.70

958,746.42

1,351,846.54

2,767,099.33

26,143,181.7

Nov
2,295.18

2,278,921.91

5,913,094.15

568,556.41

2,451,981.00

180,229.25

1,337,040.40

-

-

0.03

10,921.42

59.77

238,702.30

9,040,518.08

158,702.11

1,046,256.98

1,702,370.26

2,868,031.98

27,797,681.2

Dec
2,947.49

2,536,437.97

5,489,443.24

657,432.63

2,268,702.96

155,742.88

2,420,663.39

-

-

0.03

12,324.59

73.45

248,699.79

9,507,281.46

255,007.08

1,184,706.91

1,748,495.98

3,349,062.31

29,837,022.2

Jan
2,536.36

4,749,173.95

8,535,153.83

940,210.80

3,564,879.01

285,807.60

3,972,600.87

-

-

0.03

17,912.41

198.80

374,088.29

14,957,169.30

312,516.30

1,949,662.45

2,737,500.88

4,289,981.53

46,689,392.4

Feb
2,519.25

6,564,463.71

11,709,703.62

1,772,649.65

4,708,270.62

153,450.01

5,911,393.45

-

-

0.03

26,073.06

232.00

488,602.76

22,234,523.09

378,975.16

2,608,075.14

3,125,793.33

5,812,047.28

65,496,772.2

Mar
2,435.72

8,601,285.46

15,501,059.95

2,213,233.27

6,701,169.42

775,336.87

8,098,495.31

-

-

0.03

47,609.35

143.35

729,484.92

34,077,197.02

597,886.20

2,860,196.61

4,317,386.46

8,974,860.63

93,497,780.6

*Apr
5.89

4,141.51

9,980.68

1,414.28

5,461.70

287.09

5,206.08

-

-

0.00

31.18

88.00

440.49

20,170.86

246.21

2,510.15

5,472.97

4,360.99

59,818.1

*May
10.60

3,583.02

11,575.45

1,506.01

6,092.37

382.87

5,420.56

-

-

0.00

29.63

1.37

433.36

21,315.87

348.50

2,114.73

6,339.55

4,613.87

63,767.8

*Jun
8.01

4,111.49

11,498.97

1,627.32

5,775.34

298.05

6,080.69

-

-

7.23

24.70

1.49

446.45

22,801.09

345.72

2,541.32

6,558.03

5,419.46

67,545.3

*Jul
5.05

4,943.82

10,426.18

1,342.47

5,743.94

351.44

6,988.99

-

0.00

5.21

25.13

0.16

432.35

24,895.03

348.09

2,342.85

6,539.59

6,244.23

70,634.5

*Aug
5.26

5,703.86

12,540.81

1,453.04

4,411.38

205.93

6,149.38

-

-

2.43

126.05

0.19

378.05

25,591.15

542.15

2,767.89

7,004.36

6,832.60

73,714.5

*Sep
6.82

9,465.31

20,161.22

2,742.22

7,903.81

340.45

10,295.58

-

-

0.00

244.94

0.33

600.93

43,094.11

979.13

4,853.44

11,326.85

9,785.35

121,800.5

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

ZWG millions
End of
Demand
Savings
Time Deposits
Total Deposits
Other Depository
Government
Total
Debt Securities
Foreign Liabilities
RBZ
Other Depository Other Finacial
Capital
Contigent
Other
from the public
Corporations
Corporations
Corporations
and
Liablities
Liablities
TOTAL
Reserves

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

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

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

Jan
188.7

2943.3
5,986.5

793.8
843.5

-

1,783.8

10.2
-

211.3

1,091.3

0.0

9,329.1

2980.3
7,685.1

33,846.9

Feb
345.7

2762.9
6,004.8

811.1
984.2

-

2,731.0

9.2
-

236.8

2,089.3

-

8,950.2

2949.2
7,790.6

35,665.0

Mar
168.3

2278.9
6,313.1

1594.4
1,028.2

-

1,341.7

8.4
-

415.1

1,242.4

-

10,867.7

3027.5
7,841.0

36,126.8

Apr
206.9

2702.1
5,302.6

1156.7
1,085.4

-

871.7

7.7
-

508.9

1,581.5

-

14,233.6

3431.1
7,237.9

38,326.2

May
210.3

1687.6
5,962.2

1250.9
3,847.1

-

116.9

7.0
-

517.7

1,568.8

-

17,154.9

2927.9
7,532.9

42,784.2

Jun
249.6

1649.7
6,202.6

1163.8
1,866.7

-

204.6

6.5
-

588.0

1,851.9

-

18,795.4

2580.9
7,701.1

42,860.7

Jul
283.7

1212.2
7,193.4

1892.7
1,875.4

-

1,143.4

6.0
-

447.3

1,963.2

-

18,280.3

3923.5
7,695.6

45,916.5

Aug
352.8

1408.8
7,869.3

2537.6
2,316.2

-

3,535.6

5.4
-

399.5

2,101.3

-

19,422.2

3837.6
7,666.6

51,453.0

Sep
349.8

1926.6
7,608.5

2430.2
1,941.4

-

4,314.6

5.1
-

205.2

2,231.7

-

20,461.1

4013.2
9,460.7

54,948.1

Oct
411.5

2396.2
8,221.0

2162.4
3,421.5

-

5,627.7

4.3
-

271.1

2,539.5

-

22,881.3

5432.3
9,501.3

62,870.1

Nov
339.8

3578.4
7,561.6

2568.8
2,299.5

-

5,882.7

3.7
-

566.4

2,788.5

-

27,326.1

4400.3
9,614.3

66,930.0

Dec
351.1

3217.3
8,557.8

2619.2
3,620.2

-

2,353.6

3.0
-

1,189.0

2,786.9

-

33,115.3

5610.8
11,334.1

74,758.3

Jan
324.6

3504.3
8,506.5

2680.3
2,631.0

-

1,110.8

2.4
-

1,487.3

2,967.6

-

35,913.5

6693.8
14,008.7

79,830.9

Feb
411.5

4021.5
9,763.6

3069.7
5,678.0

-

4,048.9

1.6
-

1,465.4

3,241.1

-

39,977.5

4511.5
13,964.4

90,154.6

Mar
354.3

4413.6
11,882.6

3691.3
4,932.3

-

5,235.0

0.9
-

1,590.0

3,888.3

-

42,741.3

9086.6
15,421.2

103,237.4

Apr
546.4

3054.1
15,585.8

4857.7
5,768.6

-

5,714.4

0.2
-

1,861.4

4,143.7

-

48,582.4

9654.2
16,999.2

116,768.1

May
639.5

8326.7
23,817.6

4251.9
16,001.6

-

6,150.9

0.0
-

1,486.3

8,474.8

-

74,864.0

14793.9
17,091.2

175,898.5

Jun
418.5

8464.3
32,497.6

3807.5
21,184.8

-

2,639.3

0.0
-

1,340.0

10,851.1

-

85,145.9

18155.8
35,128.1

219,633.0

Jul
700.4

9914.6
30,660.3

4983.4
24,902.9

-

4,077.6

0.0
-

1,411.5

13,722.1

-

98,066.0

9998.6
45,127.9

243,565.1

Aug
863.8

14422.1
33,703.2

4483.0
34,971.8

-

4,379.8

0.0
-

2,106.6

16,515.4

-

115,491.9

8745.3
45,694.0

281,377.1

Sep
1,086.8

14998.2
37,911.3

7470.1
45,094.8

-

8,440.8

0.0
-

1,302.8

17,996.8

-

129,242.7

11630.7
60,830.4

336,005.2

Oct
1,158.3

14768.7
44,296.5

10013.7
44,664.1

-

14,109.9

0.0
-

1,142.4

16,817.7

-

123,793.8

30036.4
47,678.2

348,479.7

Nov
1,449.3

22456.9
41,398.0

9771.8
41,317.6

-

17,572.6

0.0
-

2,085.3

16,785.8

-

136,029.9

30694.0
46,275.8

365,836.9

Dec
1,470.7

23012.7
48,533.8

8913.7
50,229.0

-

21,411.1

0.0
19,993.4

2,176.2

17,693.7

-

119,322.3

39279.1
69,102.5

421,138.1

Jan
2,402.7

32405.1
47,062.6

8410.8
50,364.6

-

17,976.2

0.0
23,668.5

2,406.3

18,311.0

-

132,757.4

41367.4
69,570.1

446,702.8

Feb
234.9

59685.4
50,103.0

9568.6
62,701.4

889.9

24,809.7

0.0
26,667.1

4,451.9

21,629.1

-

146,798.4

50093.6
70,987.9

528,620.9

Mar
214.6

72311.9
57,399.6

9196.8
51,300.9

-

28,841.5

0.0
24,689.0

5,503.9

19,118.6

-

170,376.6

54524.7
84,489.1

577,967.3

Apr
184.1

61341.6
63,129.5

16343.2
61,444.0

-

28,727.0

0.0
28,119.0

5,989.2

27,619.9

-

205,412.2

81442.9
86,571.2

666,323.9

May
78.1

125685.1
100,808.7

22707.0
195,646.6

-

81,344.3

0.0
69,908.9

6,246.8

53,180.7

-

440,462.4

103176.1
116,103.7

1,315,348.2

Jun
176.6

227001.8
172,666.5

25998.2
452,772.6

40,326.7

115,193.3

0.0
196,310.3

4,209.5

121,677.5

-

870,075.1

230604.4
544,587.8

3,001,600.3

Jul
162.7

132017.2
220,995.0

20797.2
459,668.2

32,010.8

105,308.6

0.0
154,472.7

13,777.8

153,638.5

-

697,177.8

209734.6
612,937.8

2,812,698.9

Aug
611.0

105296.6
309,821.7

55744.7
475,838.3

37,447.1

102,495.2

0.0
153,578.2

6,767.5

135,193.3

-

758,439.2

223114.4
564,622.1

2,928,969.2

Sep
949.3

193065.6
339,269.2

41680.1
437,996.0

58,554.5

110,351.3

0.0
161,346.6

4,522.1

153,113.7

-

880,148.8

290026.7
565,616.4

3,236,640.3

Oct
403.8

204713.4
254,684.1

187632.1
440,150.3

65,022.1

97,046.1

0.0
176,111.9

13,771.8

173,523.5

-

829,479.5

345029.3
586,015.6

3,373,583.5

Nov
370.5

222344.7
387,213.2

160896.0
326,510.1

50,688.3

159,225.4

0.0
173,990.9

28,127.2

187,363.3

-

926,663.7

395549.5
595,811.6

3,614,754.5

Dec
403.7

251968.8
457,034.9

261067.9
345,348.0

56,551.7

185,131.1

0.0
166,902.0

27,875.9

222,503.1

0.7

973,788.6

507890.9
658,045.7

4,114,512.9

Jan
367.9

368046.7
524,020.9

471915.0
363,325.6

40,412.9

280,803.2

0.0
280,441.0

45,935.9

339,610.7

-

1,563,405.5

649087.4
742,734.0

5,670,106.8

Feb
578.8

637645.2
797,581.2

618074.6
613,309.7

24,680.4

425,783.2

0.0
399,313.5

67,900.2

519,513.4

-

2,188,186.8

904519.6
937,957.6

8,135,044.1

Mar
356.6

1026840.5
1,171,941.4

888362.3
829,470.4

-

440,943.8

0.0
528,820.5

103,276.3

787,872.2

-

3,761,909.8

1403556.4
1,697,667.5

12,641,017.5

*Apr
1.0

564.4
864.1

693.0
326.5

67.2

337.2

0.0
313.5

-

593.2

212.7

2,856.8

420.1
824.2

8,074.0

*May
4.0

639.2
783.2

772.6
296.2

109.6

407.6

0.0
303.7

-

309.2

19.8

2,946.5

712.1
903.7

8,207.5

*Jun
1.1

520.3
1,122.4

718.7
678.1

110.9

188.6

0.0
282.9

-

424.7

20.4

2,998.6

858.8
1,229.8

9,155.3

*Jul
2.4

681.0
918.2

640.3
336.2

99.8

676.7

0.0
276.2

5.0

333.9

20.5

3,022.2

1332.3
1,250.3

9,595.1

*Aug
1.1

642.2
853.3

852.1
428.1

-

764.6

0.0
246.2

5.1

373.1

20.6

3,042.5

1811.8
1,318.9

10,359.6

*Sep
1.0

1230.9
1,985.1

1121.2
705.4

-

555.5

0.0
431.0

34.5

1,130.0

37.0

4,878.1

2054.8
2,298.6

16,463.3

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

Debt Securities
Foreign Liabilities
Capital
Other
TOTAL
and
Liablities
End of
Savings
Time Deposits
Total Deposits
Other Depository
Government
Total
RBZ
Other Depository
Other Finacial
Reserves
from the public
Corporations
Corporations
Corporations

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

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

END OF

Jan

Feb

Mar

Apr

May

June

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

July

Aug

Sept

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

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

END OF
AGRICULTURE
CONSTRUCTION
COMMUNICATIONS
DISTRIBUTION
FINANCIAL &
FINANCIAL
MANUFACTURING
MINING
SERVICES
TRANSPORT
INDIVIDUALS
CONGLOMERATES
TOTAL
INVESTMENTS
ORGANISATIONS
1,000.00

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

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

Minimum
Maximum
Minimum
Maximum

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

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

Minimum
Maximum
Minimum
Maximum

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

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

WEIGHTS


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

*May

*Jun

*Jul

*Aug

*Sep

Source: Zimstat, 2024
*Statistics are in ZiG
ALCOHOLIC
BEVERAGES &
TOBACCO
FURNITURE AND
EQUIPMENT
HEALTH
TRANSPORT
COMMUNICATION
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
TABLE 9.1 : MONTHLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX

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

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

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

July

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

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

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

July

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

Source: Reserve Bank of Zimbabwe, 2024
*Statistics are denominated in ZiG
TABLE 12.2 : ZETSS AND RETAIL PAYMENTS
Volumes of Transactions (000's)

END OF
EXPORTS
IMPORTS
TOTAL TRADE TRADE BALANCE

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

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