[Date]


JUNE 2016


i

MONTHLY ECONOMIC REVIEW
TABLE OF CONTENTS
SELECTED ECONOMIC INDICATORS 1
STOCK MARKET DEVELOPMENTS 2
MONETARY DEVELOPMENTS 3
INFLATION OUTTURN 4
Annual Inflation 5
Monthly Inflation 5
NATIONAL PAYMENTS SYSTEM 5
Zimbabwe Electronic Transfer Settlement System (ZETSS) 5
Cash Transactions 6
Mobile and Internet Based Transactions 5
Card Based Transactions 6
Cheque Transactions 6

MONTHLY ECONOMIC REVIEW

May

June
Month-on-
Month
Change
Z.S.E. Mining Index1
25.5
24.7
3.14%
Z.S.E. Industrial Index1
104.7
101.0
3.53%
National Payment System Transactions
(US$ millions)
6 486.2
6 948.8
7.0%
Money Supply (US$ millions)2
5 050.9
5 140.7
1.8%
Money Supply (M3) Annual Growth2 (%)
12.50
13.13

Yearly Inflation3 (%)
-1.69
-1.37

Monthly Inflation3 (%)
-0.24
0.19

Nominal Lending Rate2 (% per annum)
4.0-18.0
4.0-18.0

Sources:
1 Zimbabwe Stock Exchange (ZSE)
2 Reserve Bank of Zimbabwe (RBZ)
3 Zimbabwe National Statistics Agency (ZIMSTAT)
SELECTED ECONOMIC INDICATORS


MONTHLY ECONOMIC REVIEW

STOCK MARKET DEVELOPMENTS
During the month of June 2016, major stock
markets in USA, Europe and Asia recorded
mixed trading. The DJIA, S&P 500, FTSE100,
Hangseng and Shanghai indices recorded gains
while the Nasdaq, DAX, CAC40 and Nikkei225
registered losses.
The performance of leading African stock
markets was largely bearish during the same
month. Loses were registered in Egypt, -7.2%,
Tunisia, -3.6%, South Africa, -3.2%; Morocco,
-2.6%; and Kenya, -2.1%. Gains were, however,
recorded in Nigeria, 7.0%.
Bearish
investor
sentiments
continued
to
dominate the Zimbabwe Stock Exchange (ZSE),
as companies struggled under a difficult
operating environment. Most companies which
released their financial results cited weak
consumer demand as the main cause of the
significant decline in their revenues which
adversely
affected
their
profitability.
Consequently, the low investor activity which
emanated from the pessimistic outlook of the
economy had an adverse effect on the
performance of the listed companies.
The ZSE industrial and mining indices softened
by 3.50% and 3.29%, to close at 101.04 points
and 24.70 points, respectively. On a year to date
basis, the industrial index declined by 11.64%
while the mining index registered a marginal
increase of 1.77%.


The low trading activity, concentrated in high
value wealth preserving counters, resulted in
turnover volumes being 10.63% lower at 88.53
million shares in June 2016, compared to 99.06
million shares in May 2016. The value of shares
traded stood at US$18.06 million in June 2016,
up from US$13.9 million in May 2016.
Against a background of widespread decline in
profitability amongst listed companies, the
pessimistic views of foreign investors resulted in
significant capital outflows largely motivated by
the investors’ desire to limit their losses. Foreign
investor participation declined, as reflected by an
increase in net outflows of US$4.54 million
during the month under review. The ZSE was
thus on a steady downward trend during the first
half of 2016.

30-Jun-15
31-Jul-15
31-Aug-15
30-Sep-15
31-Oct-15
30-Nov-15
31-Dec-15
31-Jan-16
29-Feb-16
31-Mar-16
30-Apr-16
31-May-16
30-Jun-16
Figure 1: ZSE Indices
Industrial
Mining
Source: Zimbabwe Stock Exchange, 2016


MONTHLY ECONOMIC REVIEW

Source: Zimbabwe Stock Exchange, 2016
In line with the negative developments on
counters, the ZSE lost US$100.4 million worth
of market capitalization, reflecting a 3.48%
decline, from US$2.88 billion in May 2016 to
US$2.78 billion in June 2016. Cumulatively,
over the year to June 2016, the ZSE lost US$1.1
billion worth of capitalization.
MONETARY DEVELOPMENTS
The annual broad money growth rate increased
from 12.5% in May 2016, to 13.1% in June 2016.
On a month-on-month basis, broad money
supply stood at US$5 140.7 million in June 2016,
representing
a
1.8%
increase
from
US$5 050.9 million recorded in May 2016.

Source: Reserve Bank of Zimbabwe, 2016
The annual growth in money supply was driven
by increases in demand deposits, 28.7%; over 30days deposits, 13.9%; and savings deposits,
10.3%. Partially offsetting the increases was a
decline of 24.1% in short term deposits.
In terms of proportions, demand deposits
constituted 54.6% of total deposits; followed by
over 30-days deposits, 19.1%; under 30-days
deposits, 13.2%; and savings deposits, 12.9%.
Bond coins accounted for 0.2%.


Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
Mar-16
Apr-16
May-16
Jun-16
VALUES TRADED (US$ MILLIONS)
VOLUMES TRADED (MILLIONS)
Figure 2: ZSE: Monthly Volumes
Figure 2: ZSE: Monthly Volumes and Values Traded
and Values Traded
Volume
Turnover
-2


Sep-13
Dec-13
Mar-14
Jun-14
Sep-14
Dec-14
Mar-15
Jun-15
Sep-15
Dec-15
Mar-16
Jun-16
%
US$ BILLIONS
Figure 3: Money Supply
Figure 3: Money Supply
M3
M3 Annual Growth rate


MONTHLY ECONOMIC REVIEW

Total banking sector credit registered an annual
growth of 13.3% in June 2016, down from 16.4%
in May 2016. On a monthly basis, domestic credit
increased by 1.6%, from US$5 627.8 million
in May 2016 to US$5 719.6 million in June 2016.
During the period under review, year-on-year
credit to the private sector declined by 4.5% to
US$ 3 571.6 million in June 2016, from US$3
741.7 million in June 2015. Month-on-month,
credit to the private sector also decreased by
0.7% in June 2016.

In terms of composition, credit to the private
sector comprised of loans and advances, 86.7%;
mortgages, 9.7%; other investments, 3.1%;
bankers’
acceptances,
0.3%;
and
bills
discounted, 0.2%.
On a sectoral basis, credit was distributed as
follows: households (23%); agriculture (18.3%);
distribution
(13%);
services
(17.1%);
manufacturing
(15.6%);
mining
(5.2%);
transport and communications (2.8%); and
construction (1.4%).

Source: Reserve Bank of Zimbabwe, 2016
During the period under review, private sector
credit was utilized as follows: working capital,
35.8%; inventory build-up, 31.9%; consumer
durables, 15.1%; fixed capital investment,
15.5%; and pre and post shipment financing,
1.7%.
Under 30
Days
13.3%
Over 30
Days
19.2%
Demand
54.7%
savings
12.9%Figure 4: Banking Sector Deposits
Figure 4: Banking Sector DepositsJune 2016
June 2016
Loans & Advances
86.7%
Bills
Discounted
0.2%
Bankers
acceptances
0.3%
Other
investments
3.1%
Mortgages
9.7%Figure 5: Credit to Private
Figure 5: Credit to Private Sector June 2016
June 2016
Source: Reserve Bank of Zimbabwe, 2016


MONTHLY ECONOMIC REVIEW

INFLATION OUTTURN

Annual Inflation

Annual
headline
inflation
increased
by
0.3 percentage points from -1.69% in May 2016,
to -1.37% in June 2016. This was largely driven
by an increase in non-food inflation.

Source: ZIMSTAT, 2016
Year-on-year food inflation marginally increased
from -4.1% in May 2016, to -4.0% in June 2016.
Increases in the prices of sugar, jam, honey,
chocolate and confectionery items accounted for
the rise.
Annual non-food inflation stood at -0.1% in June
2016, up from -0.5% in May 2016. This was
largely attributable to increases in education.
The
cost
of
education
has
increased
tremendously during the course of last year with
University fees rising by 50% and other tuition
fees by over 100%. Even if the general price level
is on a decline the hike in education fees affects
households negatively.

Monthly Inflation


Month-on-month inflation stood at 0.19% in June
2016 representing a 0.4 percentage points
increase from -0.24% registered in May 2016.
The increase was largely attributable to gains in
non-food inflation.
Monthly non-food inflation increased from
-0.12% recorded in May 2016, to 0.44% in June
2016. This was underpinned by price increases in
education; restaurants and hotels; health; and
alcoholic beverages.
Monthly food inflation, also gained by 0.14
percentage
points,
to
close
at
-0.35% during the same period. This was on
account of increases in oils and fats, nonalcoholic beverages, and fish and sea food.
NATIONAL PAYMENTS SYSTEM

The value of transactions processed through the
National Payment System increased by 7%,
from US$6 486.22 million in May 2016 to
US$6 948.80 million in June 2016.

Zimbabwe Electronic Transfer Settlement
System (ZETSS)

Transactions processed through the RTGS
system increased by 1% to US$4 522.24 million,
from US$3 869.19 million recorded in May
2016. The volume of RTGS transactions
registered
a
35%
increase
from
199 256 to 268 192 in the same period.


Figure 6: Annual Inflation
(%)
Headline Inflation
Food
Non Food


MONTHLY ECONOMIC REVIEW

Source: Reserve Bank of Zimbabwe, 2016

Cash transactions

Cash transactions registered a 25% decline to
close
the
month
under
review
at
US$543.94 million.

Mobile and Internet Based Transactions

The total value of mobile and internet based
transactions decreased from US$697.83 million
in May 2016, to US$639.19 million in June 2016.


Card Based Transactions

Card
based
transactions
declined
from
US$418.0 million recorded in May 2016, to
US$335.4 million in June 2016.


Cheque Transactions

The value of cheque transactions stood at
US$10.26 million in June 2016, down from
US$10.83 million recorded in May 2016.

Access Points and Devices

As at the end of June 2016, the number of POS
devices in the market increased to 19,280
representing an increase of 5% from 18,330 in
May 2016. At the same time mobile payment
agents stood at 34,351 as compared to 33,777 in
May 2016.

Debit, credit and prepaid cards increased to 2.77
million in June 2016, from 2.71million recorded
in May 2016 while bank accounts increased to
3.86 million.

The increases in the national payment systems
platforms were largely driven by the current
market efforts to promote the use of electronic
means of payment in the economy.


RESERVE BANK OF ZIMBABWE
AUGUST 2016

Jun-13
Oct-13
Feb-14
Jun-14
Oct-14
Feb-15
Jun-15
Oct-15
Feb-16
Jun-16
-

VALUE IN US$ BILLIONS
VOLUME IN THOUSANDS
Figure 7: ZETSS Volumes and
Figure 7: ZETSS Volumes and Values
Values
Volume
Value

MONTHLY ECONOMIC REVIEW
Statistical Tables

1. Monetary Statistics

1.1 Monetary Aggregates

1.2 Broad Money Survey

1.3 Analysis of Monthly Changes in Money Supply

1.4 Analysis of Yearly Changes in Money Supply

2. Sectoral Analysis of Bank Loans and Advances and Deposits

2.1 Sectoral Analysis of Commercial Banks Loans and Advances 13

2.2 Sectoral Analysis of Commercial Banks Deposits

3. External Statistics

3.1 Total External Debt Outstanding by Debtor

4. Interest Rates

4.1 Lending Rates

4.2 Banks Deposit Rates

5. Inflation

5.1 Monthly Inflation

5.2 Yearly Inflation

6. Exchange Rates

7. Commercial Banks

7.1 Assets

7.2 Liabilities

MONTHLY ECONOMIC REVIEW

8. Merchant Banks

8.1 Assets

8.2 Liabilities

9. Building Societies

9.1 Assets

9.2 Liabilities

10. Zimbabwe Stock Exchange Statistics

11. Savings with Financial Institutions

12. Analysis of Liquid Assets of Monetary Banks

13. ZETSS, Cheques and Cards Activity


13.1 Values of Transactions

13.2 Volumes of Transactions

MONTHLY ECONOMIC REVIEW


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

RBZ Demand Deposits

Comm. Banks Dem. Deposits

Merchant Banks Dem. Deposits

M1

Comm. Banks Savings Deposits

Building Soc. Savings Deposits

P O S B Savings Deposits

Comm. Banks U-30 Day Deposits

Merchant Banks U-30 Day Deposits

Building Soc. U- 30 Day Deposits

M2

Comm. Banks O-30 Day Deposits

Merchant Banks O-30 Day Deposits

Building Soc. O- 30 Day Deposits

Building Soc. Other Share Deposits

P O S B Time Deposits

M3

Source:Reserve Bank of Zimbabwe, 2016
US$ Thousands
TABLE 1.1 : MONETARY AGGREGATES

MONTHLY ECONOMIC REVIEW

JUNE
JULY
AUGUST
SEPT
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUNE
NET FOREIGN ASSETS

Assets

Reserve Bank (RBZ)

Deposit Money Banks (DMBs)

Other Banking Institutions (OBIs)

Liabilities \2

RBZ

DMBs

OBIs

NET DOMESTIC ASSETS

DOMESTIC CREDIT

Claims on Government (net)

RBZ

DMBs

OBIs

Claims on Public Enterprises

RBZ

DMBs

Agri-PEs

Other

OBIs

Claims on Private Sector

RBZ

DMBs

OBIs

OTHER ITEMS (NET)

BROAD MONEY (M3)

Source:Reserve Bank of Zimbabwe, 2016
1. Building societies and P. O. S. B.
2. Sign reversal.
TABLE 1.2 : BROAD MONEY SURVEY
US$ Thousands

MONTHLY ECONOMIC REVIEW

MAY
JUNE
JULY
AUGUST
SEPT
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUNE
NET FOREIGN ASSETS

Assets

Reserve Bank (RBZ)

Deposit Money Banks (DMBs)

Other Banking Institutions (OBIs) \1

Liabilities \2

RBZ

DMBs

OBIs

NET DOMESTIC ASSETS \3

DOMESTIC CREDIT

Claims on Government (net)

RBZ

DMBs

OBIs

Claims on Public Enterprises

RBZ

DMBs

Agri-PEs

Other

OBIs

Claims on Private Sector

RBZ

DMBs

OBIs

OTHER ITEMS (NET)

BROAD MONEY (M3)

Broad Money (M3)

Domestic Credit

Claims on Private Sector

Source:Reserve Bank of Zimbabwe, 2016
1. Finance houses, building societies and P. O. S. B.
2. Sign reversal.
3. Net Domestic Assets consist of domestic credit and other items net.
TABLE 1.3 : ANALYSIS OF MONTHLY CHANGES IN MONEY SUPPLY (M3)
US$ Thousands

MONTHLY ECONOMIC REVIEW

JUNE
JULY
AUGUST
SEPT
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUNE
NET FOREIGN ASSETS

Assets

Reserve Bank (RBZ)

Deposit Money Banks (DMBs)

Other Banking Institutions (OBIs) \1

Liabilities \2

RBZ

DMBs

OBIs

NET DOMESTIC ASSETS \3

DOMESTIC CREDIT

Claims on Government (net)

RBZ

DMBs

OBIs

Claims on Public Enterprises

RBZ

DMBs

Agri-PEs

Other

OBIs

Claims on Private Sector

RBZ

DMBs

OBIs

OTHER ITEMS (NET)

BROAD MONEY (M3)

GROWTH RATES
Broad Money (M3)

Domestic Credit

Claims on Private Sector

Source:Reserve Bank of Zimbabwe, 2016
1. Finance houses, building societies and P. O. S. B.
2. Sign reversal.
3. Net Domestic Assets consist of domestic credit and other items net.

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

MONTHLY ECONOMIC REVIEW


AGRICULTURE
CONSTRUCTION
COMMUNICATION
DISTRIBUTION
FINANCIAL &
FINANCIAL
MANUFACTURING
MINING
SERVICES
TRANSPORT
INDIVIDUALS
CONGLOMERATE
TOTAL
END OF


INVESTMENTS
ORGANISATIONS

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

Source:Reserve Bank of Zimbabwe,2016
/1 Including the only merchant bank still in operation.
TABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES/1
US$ Thousands


MONTHLY ECONOMIC REVIEW

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

June

Source: Reserve Bank of Zimbabwe,2016
/1 Including the only merchant bank still in operation.
TABLE 2.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS
US$ Thousands


MONTHLY ECONOMIC REVIEW

End Period

(US$ millions)
Long-Term External Debt

Government

Bilateral Creditors


Multilateral Creditors

Private Creditors

Public Enterprises


Bilateral Creditors

1,155

Multilateral Creditors

Private Creditors

Monetary Authorities

Multilateral Creditors - IMF

Private

1,002
2,261
1,913
Short-Term External Debt

1,198
1,382
1,289

1,564
2,394
2,258
Supplier's Credits

Reserve Bank

Private

1,807
1,671
Total External Debt

Source: Ministry of Finance & Economic Development, 2016; & Reserve Bank of Zimbabwe, 2016
TABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS)

MONTHLY ECONOMIC REVIEW


End Period
Nominal Lending Rates2
Individuals
Corporate

Jan
6.00-35.00
14.16
9.66
Feb
4.30-33.50
14.00
9.73
Mar
4.30-33.50
13.24
8.75
Apr
4.30-31.00
12.71
8.84
May
5.00-31.00
12.74
8.79
Jun
5.00-31.00
11.94
8.42
Jul
5.00-31.00
11.86
8.56
Aug
4.30-26.00
11.96
8.51
Sep
4.30-25.00
11.81
8.47
Oct
4.00-18.00
10.98
7.28
Nov
4.00-16.25
12.20
7.67
Dec
6.00-16.00
11.99
7.57

Jan
6.00-22.00
12.08
7.38
Feb
4.00-22.00
11.48
7.29
Mar
4.00-22.00
11.44
7.16
Apr
4.00-22.00
11.50
7.20
May
4.00-18.00
11.43
7.35
June
4.00-18.00
11.40
7.48
Source:Reserve Bank of Zimbabwe, 2016
Notes
3. Lending rates exclude rates on staff loans.
TABLE 4.1 LENDING RATES (percent per annum)1
2. Nominal Lending Rates depict the range of rates quoted by banks.
Commercial Banks
Weighted Average Lending Rates 3
1. Table revised, to separate weighted lending rates for individuals and corporate bodies.


MONTHLY ECONOMIC REVIEW

END OF
SAVINGS
3 MONTHS

Jan
0.15-8.00
3.00-17.00
Feb
0.50-12.00
1.00-17.00
Mar
0.50-12.00
1.00-17.00
Apr
0.30-8.00
1.00-17.00
May
0.30-8.00
1.00-17.00
Jun
0.30-8.00
1.00-17.00
Jul
0.30-8.00
1.00-15.00
Aug
0.30-8.00
1.00-15.00
Sep
0.30-8.00
1.00-16.00
Oct
0.50-8.00
1.00-17.00
Nov
0.75-8.00
1.00-17.00
Dec
0.50-8.00
0.75-17.00

Jan
0.50-8.00
0.75-17.00
Feb
0.50-8.00
0.75-17.00
Mar
0.50-8.00
0.75-17.00
Apr
0.50-8.00
0.75-17.00
May
0.50-8.00
0.75-17.00
June
0.5-6.00
0.75-17.00
Source:Reserve Bank of Zimbabwe, 2016
* The range of rates qouted by banks during the period.
TABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)*
COMMERCIAL BANKS

MONTHLY ECONOMIC REVIEW


FOOD
INFLATION
ALL
ALCOHOLIC
BEVERAGES
CLOTHING
HOUSING,
WATER,
FURNITURE
HEALTH
TRANSPORT
COMMUNICATION
RECREATION
&
EDUCATION
RESTAURANTS
&
MISC.
TOTAL NON
FOOD &
ITEMS
& TOBACCO
FOOTWEAR
ELECTRICTY,
GAS
AND
CULTURE
HOTELS
GOODS &
FOOD
NON
ALCOHOLIC
BEVERAGES
& OTHER
EQUIPMENT
SERVICES
FUELS
WEIGHTS


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

Source:Zimstat, 2016
NON-FOOD INFLATION
TABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX
( DECEMBER 2012 = 100)


MONTHLY ECONOMIC REVIEW

FOOD
IN FLA TION
A LL
A LC OHOLIC
B EV ER A GES
C LOTHIN G
HOU S IN G,
WA TER ,
FU R N ITU R E
HEA LTH
TR A N S POR T
C OM M U N IC A TION
R EC R EA TION
&
ED U C A TION
R ES TA U R A N TS
&
M IS C .
TOTA L N ON
FOOD &
ITEM S
& TOB A C C O
& FOOTWEA R
ELEC TR IC TY ,
GA S
A N D
C U LTU R E
HOTELS
GOOD S &
FOOD
N ON
A LC OHOLIC
B EV ER A GES
& OTHER
EQU IPM EN T
S ER V IC ES
FU ELS
WEIGHTS


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

Source: Zimstat, 2016
N ON - FOOD IN FLA TION
TABLE 5.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \1
(DECEMBER 2012 = 100)

MONTHLY ECONOMIC REVIEW

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

JAN

FEB

MAR

APR

MAY

JUNE

JULY

AUG

SEPT

OCT

NOV

DEC


JAN

FEB

MAR

APR

MAY

JUNE

Source: Reserve Bank of Zimbabwe, 2016
TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES
1. Foreign currency per US Dollar.
2. US Dollar per unit of foreign currency.

MONTHLY ECONOMIC REVIEW


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

Jan


21.4
2,796.76


Feb


17.9
2,792.50


Mar


15.5
2,925.46


Apr


18.2
2,967.13


May


18.2
2,922.70


Jun


28.8
2,872.55


Jul


28.8
2,815.04


Aug


28.8
2,810.06


Sep


28.0
2,844.13


Oct


26.7
2,884.16


Nov


26.6
2,931.49


Dec


20.8
2,820.54


Jan


20.6
2,763.7


Feb


20.1
2,680.9


Mar


20.3
2,690.6


Apr


20.4
2,653.4


May


19.8
2,681.8


June


19.7
2,669.3


Source:Reserve Bank of Zimbabwe, 2016
Liquid Assets
TABLE 7.1: COMMERCIAL BANKS - ASSETS
Securities
US$ Millions


MONTHLY ECONOMIC REVIEW

Deposits
Capital
Contigent
Other
Total
Of which
and
Liablities
Liablities
Liabilities to the
End of
Demand
Savings and Short-term
Long-term
Total
Foreign Liabilities
RBZ
Other Banks
Reserves
Public

Jan
2,056.2

996.2
561.7
3,614.0


3,614.0

Feb
2,079.6

876.1
611.6
3,567.3


3,567.3

Mar
2,139.3

940.4
513.3
3,593.0


3,593.0

Apr
2,098.7

943.5
629.8
3,672.0


3,672.0

May
2,131.8

1015.3
615.3
3,762.4


3,762.4

Jun
2,213.2

1021.9
593.5
3,828.7


3,828.7

Jul
2,166.4

889.7
732.5
3,788.6


3,788.6

Aug
2,266.7

790.9
723.1
3,780.7


3,780.7

Sep
2,276.7

967.6
648.7
3,892.9


3,892.9

Oct
2,259.9

909.3
667.8
3,837.0


3,837.0

Nov
2,475.9

919.4
580.1
3,975.4


3,975.4

Dec
2,512.2

999.0
543.0
4,054.2


4,054.2

Jan
2,562.6

952.2
558.7
4,073.5


4,073.5

Feb
2,545.7

959.3
572.0
4,077.1


4,077.1

Mar
2,653.7

893.4
680.0
4,227.1


4,227.1

Apr
2,675.3

1008.1
591.9
4,275.3


4,275.3

May
2,764.6

1100.0
449.7
4,314.3


4,314.3

June
2,865.3

907.1
673.1
4,445.5


4,445.5

Source:Reserve Bank of Zimbabwe, 2016
TABLE 7.2: COMMERCIAL BANKS - LIABILITIES
US$ Millions
Amounts Owing to


MONTHLY ECONOMIC REVIEW

Foreign
Loans &
Contigent
Other
Non Financial
TOTAL
End of
Notes
Total
Other Balances
Advnces
Assets
Assets
Assets
Bond
&
Balances
Balances
Balances
Liquid
with RBZ
Coins
Coin
with
with Other
at
Trade
Treasury
Agris Pes
Assets
at Banks
RBZ
Banks
Foreign Banks
Bills
Bills

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

Source:Reserve Bank of Zimbabwe, 2016
US$ Millions
TABLE 8.1 : ACCEPTING HOUSES - ASSETS
Liquid Assets
Securities


MONTHLY ECONOMIC REVIEW

Of which
Deposits
Capital
Contigent
Other
Total
Liabilities to the
and
Liablities
Liablities
Public
End of
Demand
Savings and Short-term
Long-term
Total
Foreign Liabilities
RBZ
Other Banks
Reserves

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

Source:Reserve Bank of Zimbabwe, 2016
Amounts Owing to
TABLE 8.2 : ACCEPTING HOUSES - LIABILITIES
US$ Millions


MONTHLY ECONOMIC REVIEW

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

Jan


Feb


Mar


Apr


May


Jun


Jul


Aug


Sep


Oct


Nov


Dec


Jan


Feb


Mar


Apr


May


June


Source:Reserve Bank of Zimbabwe, 2016
Liquid Assets
Securities
TABLE 9.1 : BUILDING SOCIETIES - ASSETS
US$ Millions


MONTHLY ECONOMIC REVIEW

Of which
Capital
Other
Total
Liabilities to the
and
Liabilities
Public
End of
Savings and Short-term
Long-term
Total
Foreign Liabilities
Other Banks
Reserves

Jan


770.2
Feb


806.2
Mar


794.4
Apr


828.9
May


863.6
Jun


836.8
Jul


828.9
Aug


824.5
Sep


833.2
Oct


893.7
Nov


920.4
Dec


944.4

Jan


890.7
Feb


888.6
Mar


882.8
Apr


875.9
May


859.2
May


859.2
June


907.0
Source:Reserve Bank of Zimbabwe, 2016
Deposits
TABLE 9.2 : BUILDING SOCIETIES - LIABILITIES
US$ Millions
Amounts Owing to

MONTHLY ECONOMIC REVIEW


Market Capitalisation
Industrial
Mining
Market Turnover(US$)
Volume of Shares
US$ Millions

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Source:Zimbabwe Stock Exchange (ZSE),2016
Indices
Table 10: ZIMBABWE STOCK MARKET STATISTICS


MONTHLY ECONOMIC REVIEW

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

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

Source:Reserve Bank of Zimbabwe, 2016
1/ Comprises all deposits other than demand deposits.
TABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS
US$ Millions


MONTHLY ECONOMIC REVIEW

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

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

Source:Reserve Bank of Zimbabwe, 2016
1/With effect from 1 August 2011, the prescribed liquid asset ratio was reviewed from 20% to 25% of liabilities to the public.
US$ Millions
TABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS
Commercial Banks
Accepting Houses


MONTHLY ECONOMIC REVIEW

MONTH
ZETSS
CHEQUE
POS
ATM
MOBILE INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep
3,762.7


Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

Source:Reserve Bank of Zimbabwe, 2016
TABLE 13.1 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY
Values of Transactions (US$ millions)


MONTHLY ECONOMIC REVIEW

MONTH
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Annual Total 2,062.6
361.73
14,543.3 13,413.3 228,723.3
560.2

Jan

Feb

Mar

Apr

May

June

Source:Reserve Bank of Zimbabwe, 2016
TABLE 13.2 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL
Volumes of Transactions (in thousands)