MONTHLY ECONOMIC REVIEW
JANUARY 2014
Selected Economic Indicators

Stock Market Developments

Inflation

National Payments System

Statistical Tables

Monetary Developments

INSIDE THIS ISSUE

PAGE
SELECTED ECONOMIC INDICATORS

December

January
Z.S.E. Mining Index1
45.79
35.40
Z.S.E. Industrial Index1
202.12
189.25
Money Supply (Total Bank Deposits) (US$)2
3.93 billion
3.89 billion
Money Supply (M3) Annual Growth2
1.17%
2.11%
Yearly Inflation3
0.33%
0.41%
Sources:
1 Zimbabwe Stock Exchange
2 Reserve Bank of Zimbabwe
3 ZIMSTAT


Month on
Month
Change


STOCK MARKET DEVELOPMENTS

Global stock markets declined in January
2014 as a result of weak economic data from
the United States and China. Reflecting some
level of correlation with global markets, the
Zimbabwe Stock Exchange registered a subdued performance in the period under review.

The volumes of shares traded declined by
40.09%, from 271.48 points in December
2013 to 162.64 points in January 2014. Despite the decline in trading volumes, total
turnover rose by 17.43%, underpinned by a
special bargain deal of Seedco shares worth
US$23.40 million. In value terms, total market turnover also increased, from US$49.22
million in December 2013 to US$57.80 million in January 2014.

The industrial index, however, continued on
a declining trend, from 202.12 points in December 2013 to 189.45 points in January
2014. The decline was mainly due to losses
in heavily capitalized counters such as Delta,
Econet and Innscor.

The general decline in global commodity
prices, including gold and platinum, coupled
with the persistent recapitalization challenges facing the mining sector, pulled down
the mining index. Consequently, the mining
index lost 22.69%, from 45.79 points in December 2013 to 35.40 points. On a year-onyear basis, the mining index lost 57.89%.


2 3

2 4
Market capitalization also declined by 6.17%
to US$4.88 billion, at the end of January
2014, from US$5.20 billion at the close of
December 2013, partly reflecting declines in
economic activity.

MONETARY DEVELOPMENTS

Money supply grew by 2.1% in January
2014, an increase of 0.7 percentage points
from the average 1.4% recorded in the last
quarter of 2013. The low growth in broad
money, reflects the general economic slowdown, which has worsened the liquidity
shortages in the economy.

On a month on month basis, however, broad
money
declined
by
US$43.7
million
(-1.1%). The monthly decline was on the
back of contractions of US$88 million in
over 30-day deposits and US$77.2 million
in savings deposits. Partially offsetting these
declines were increases of US$116.8 million
and US$4.7 million in demand and under
30-day deposits, respectively.
The fragile growth in deposits continues to
mirror the under-performance of the external
sector. With the Reserve Bank incapacitated
to influence liquidity levels in the economy,
money supply levels have largely been reflective of the difficult balance of payments
position.
Under 30day 18.2%
Longterm
16.3%
Demand
53.4%
Savings
12.1%
Banking Sector Deposits
January 2014


US$ Billions
%
Money Supply
M3
M3 Annual Growth

3 5
During the month under review, money supply was made up of demand deposits,
53.4%; under 30-day deposits, 18.2%; over
30-day, 16.3%; and savings deposits,
12.1%. Of the total money supply, Government deposits constituted 3.6% (US$141.8
million).

Annual growth in credit to the private sector, which has been on a downward trend ,
notwithstanding
recording
an
average
growth of 6.3% in the fourth quarter of
2013, further declined to 0.2% in January
2014.

On a month-on-month basis, credit to the
private sector, declined by 2.3% from
US$3 650.1 million in December 2013 to
US$3 566.6 million in January 2014. The
slowdown reflects shallow lending by banks
on the back of liquidity challenges, constrained deposit base and increasing nonperforming loans.

Claims on the private sector were in the form
of loans and advances, 83.85%; mortgages
advanced by building societies, 10.78%; bills
discounted, 2.13%; bankers’ acceptances,
1.09%; and other investments, 2.14%.

The outstanding loans and advances were
mainly to households (18.70%), agriculture
(18.46%), distribution (17.87%), and manufacturing (14.54%) activities.
Credit to the private sector was mainly utilized for asset purchases (44.20%) as well as
inventory build-up (33.67%). Loans and advances utilized for fixed investment activity
have remained low, with the procurement of
plant and equipment accounting for 3.52%
and pre and post shipment financing at 1.09%,
of total loans and advances.


INFLATION DEVELOPMENTS

Annual Inflation

Annual headline inflation slightly increased
for the first time in 11 months, to 0.41% in
January 2014, from 0.33% in December 2013,
largely on account of an increase in non-food
inflation.
Loans and
Advances
84%
Bills
Discounte
d
2%
Bankers
Acceptanc
es
1%
Mortgages
11%
Other
Investmen
ts
2%
Credit to Private Sector
Total credit to the private sector as at the end of
January 2014 was US$3 566.55million.

Annual food inflation was -2.08% in January
2014, up from -2.2% in December 2013. The
major contributors to annual food inflation
included bread and cereals, fish and sea food
as well as oils and fats sub-categories.
Annual non-food inflation also increased to
1.67% in January 2014, from 1.61% in December 2013, in large part, due to increases
in prices of alcoholic beverages and tobacco,
housing, electricity and water, health, transport and education. Communication, furniture
and equipment and recreation and culture,
however, slowed down during the period under review.
The notable decreases in the price of communication reflected fierce competition in the
sector, which led to massive sales promotions, benefiting consumers.
Month-on-Month Inflation
Month-on-month inflation stood at 0.1% in
January 2014, from -0.1% in December
2013, following increases in the prices of
food items.
Monthly food prices surged to 0.44% in
January 2014, from -0.39% in December
2013. The increase in monthly food prices
was on account of increases in prices of all
food sub-categories, with the exception of
meat and sugar, jam, honey, chocolate and
confectionery.
Month-on-month
non-food
inflation
for
January 2014, remained unchanged at the
December 2013 rate of -0.08%.
Inflation Outlook

In the medium to long term, inflation developments will continue to be influenced by
movements in international oil prices and the
US dollar/rand exchange rate.
International oil prices are expected to stabilize at about US$110 per barrel in 2014, on
the back of subdued global economic outlook.

The easing-off in international oil prices,
coupled with mandatory blending introduced
by Government is expected to exert downward inflationary pressures in the domestic
economy, in the short to medium term.

NATIONAL
PAYMENTS
SYSTEM
DEVELOPMENTS

Zimbabwe Electronic Transfer Settlement
System (ZETSS)

The value of transactions processed through
the RTGS system in January 2014 decreased
by 10% to US$3.1 billion, from US$3.4 billion in December 2013 while the volume of
transactions registered an increase of 1%
from 180 796 to 182 479 in the same period.
Card Systems
The total value of card based transactions
decreased by 15.30% to US$335.36 million
in January 2014, from US$395.95 million in
December 2013.
Mobile and Internet Based Transactions

The value of mobile and internet based
transactions decreased by 12.14%, from
US$337.52 million in December 2013 to
US$296.56 million in January 2014.
Cheques

The value of cheque transactions, however,
increased to US$5.24 million in January 2014,
from US$4.04 million in December 2013.

Reserve Bank of Zimbabwe
February 2014


Sep-11
Dec-11
Mar-12
Jun-12
Sep-12
Dec-12
Mar-13
Jun-13
Sep-13
Dec-13
Value in US$ Billions
Volume in Thousands
ZETSS Volumes and Values
Value
Volume

Notes

STATISTICAL TABLES
CONTENTS

Table


. Monetary Statistics


1.1 Monetary Aggregates

1.2 Broad Money Survey

1.3 Analysis of Monthly Changes in Money Supply

1.4 Analysis of Yearly Changes in Money Supply

2. Sectoral Analysis of Bank Loans and Advances and Deposits


2.1 Sectoral Analysis of Commercial Banks Loans and Advances 15

2.2 Sectoral Analysis of Merchant Banks Loans and Advances

2.3 Sectoral Analysis of Merchant Acceptances

2.4 Sectoral Analysis of Commercial Banks Deposits

2.5 Sectoral Analysis of Merchant Banks Deposits

3. External Statistics


3.1 Total External Debt Outstanding by Debtor

4. Interest Rates


4.1 Lending Rates

4.2 Banks Deposit Rates

5. Inflation


5.1 Monthly Inflation

5.2 Yearly Inflation

6. Exchange Rates

STATISTICAL TABLES
CONTENTS

Table


. Commercial Banks


7.1 Assets

7.2 Liabilities

8. Accepting Houses


8.1 Assets

8.2 Liabilities

9. Building Societies


9.1 Assets

9.2 Liabilities

10. Zimbabwe Stock Exchange Statistics

11. Savings with Financial Institutions

12. Analysis of Liquid Assets of Monetary Banks

13. ZETSS, Cheques and Cards Activity


13.1 Values of Transactions

13.2 Volumes of Transactions

January
February
March
April
May
June
July
August
September
October
November
December
January
RBZ Demand Deposits
78.6

78.3

77.3

78.6

74.5

73.0

73.5

71.9

72.8

73.3

72.6

71.9

69.7

Comm. Banks Dem. Deposits
1,924,517.4

1,875,465.4

1,860,664.0

1,979,220.0

1,932,968.1

1,874,568.0

1,926,968.4

1,901,793.3

1,952,024.0

1,971,838.8

1,821,288.9

1,825,413.5

2,039,955.9

Merchant Banks Dem. Deposits
106,935.2

102,797.7

104,281.4

107,324.1

112,173.4

114,560.5

111,261.1

109,449.6

111,153.9

112,536.2

122,639.2

134,494.8

36,792.2

M1
2,031,531.2

1,978,341.4

1,965,022.7

2,086,622.6

2,045,215.9

1,989,201.5

2,038,303.0

2,011,314.8

2,063,250.8

2,084,448.30

1,944,000.70

1,959,980.2

2,076,817.8

Comm. Banks Savings Deposits
193,007.6

192,683.5

201,459.2

194,873.4

221,622.3

229,386.7

201,667.8

187,394.4

227,599.9

209,966.7

201,724.6

281,785.8

215,665.0

Building Soc. Savings Deposits
159,093.7

168,605.4

168,484.1

170,975.7

192,634.8

189,753.8

195,606.6

189,953.1

191,553.5

187,410.7

200,415.2

204,200.7

196,806.6

P O S B Savings Deposits
55,832.5

56,274.2

57,860.7

55,236.9

56,544.5

60,117.8

60,162.5

51,322.2

58,974.0

50,457.7

60,845.4

62,044.0

58,314.5

Comm. Banks U-30 Day Deposits
632,215.7

708,500.6

734,849.5

786,076.0

637,041.1

629,544.6

663,617.3

643,559.0

606,360.8

614,427.6

605,429.9

489,493.1

552,134.9

Merchant Banks U-30 Day Deposits
91,671.2

65,975.9

62,324.3

64,604.1

67,104.2

56,223.1

82,650.4

80,569.1

82,581.6

80,368.8

59,721.1

56,379.8

47,277.8

Building Soc. U- 30 Day Deposits
60,885.9

77,091.9

82,098.1

81,944.4

122,672.1

119,217.4

121,325.5

99,842.7

138,431.2

113,495.4

118,360.9

155,932.2

107,130.3

M2
3,224,237.8

3,247,472.9

3,272,098.6

3,440,333.1

3,342,834.9

3,273,444.8

3,363,333.0

3,263,955.2

3,368,751.9

3,340,575.20

3,190,497.80

3,209,815.8

3,254,146.90

Comm. Banks O-30 Day Deposits
351,356.6

297,613.9

249,558.5

223,799.1

387,930.6

268,082.1

219,826.9

223,258.1

257,854.4

308,773.8

328,511.0

496,391.7

352,689.2

Merchant Banks O-30 Day Deposits
21,339.0

55,714.0

52,841.7

56,349.4

54,361.5

52,329.5

27,019.2

25,199.0

19,024.4

14,876.1

19,965.3

6,900.3

5,665.1

Building Soc. O- 30 Day Deposits
192,823.3

194,226.7

203,912.9

226,550.8

212,044.5

222,591.8

222,795.8

264,539.8

242,907.0

264,867.2

244,283.7

197,343.9

253,060.8

Building Soc. Other Share Deposits
10,141.6

10,141.6

11,266.6

11,266.6

11,266.5

11,266.6

11,266.6

11,266.6

11,266.6

11,266.6

11,266.6

11,266.6

11,266.6

P O S B Time Deposits
8,497.2

8,447.9

8,845.8

8,443.5

9,703.5

10,492.4

10,680.2

8,018.0

10,855.2

11,324.0

12,586.1

10,606.9

11,816.7

M3
3,808,395.5

3,813,616.9

3,798,524.1

3,966,742.5

4,018,141.5

3,838,207.3

3,854,921.7

3,796,236.7

3,910,659.4

3,951,682.90

3,807,110.40

3,932,325.1

3,888,645.3

TABLE 1.1 : MONETARY AGGREGATES
US$ Thousands

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

TABLE 1.2 : BROAD MONEY SURVEY
US$ Thousands
$

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

Assets

Reserve Bank (RBZ)

Deposit Money Banks (DMBs)

Other Banking Institutions (OBIs) \1

Liabilities \2

RBZ

DMBs

OBIs

NET DOMESTIC ASSETS \3

DOMESTIC CREDIT

Claims on Government (net)

RBZ

DMBs

OBIs

Claims on Public Enterprises

RBZ

DMBs

Agri-PEs

Other

OBIs

Claims on Private Sector

RBZ

DMBs

OBIs

OTHER ITEMS (NET)

BROAD MONEY (M3)

Broad Money (M3)

Domestic Credit

Claims on Private Sector

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

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


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

TABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES


US$ Thousands


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


INVESTMENTS
ORGANISATIONS

JANUARY

FREBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY


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


US$ Thousands


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


INVESTMENT ORGANISATIONS

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY


TABLE 2.3 :SECTORAL ANALYSIS OF MERCHANT BANKS ACCEPTANCES


US$ Thousands


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


INVESTMENT ORGANISATIONS

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY


TABLE 2.4 : SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS


US$ Thousands


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


INVESTMENTS
ORGANISATIONS

JANUARY

FEBRUARY

MARCH

263’552.7

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

MARCH


APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY


TABLE 2.5 : SECTORAL ANALYSIS OF MERCHANT BANKS DEPOSITS


US$ Thousands


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


INVESTMENTS
ORGANISATIONS

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY


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


End Period

(US$ millions)


Long-Term External Debt


6,101


Government


4,315
Bilateral Creditors


2,481
Multilateral Creditors


1,834
Private Creditors

Public Enterprises

1,139
Bilateral Creditors

Multilateral Creditors

Private Creditors

Monetary Authorities

Multilateral Creditors - IMF

Private

Short-Term External Debt

Supplier's Credits

Reserve Bank

Private

Total External Debt/1


7,160


Gross Domestic Product


8,865
External Debt / GDP

/1 Total external debt excludes penalties


SOURCE: Ministry of Finance and
Reserve Bank of Zimbabwe

TABLE 4.1 LENDING RATES (percent per annum)1

Commercial Banks
Merchant Banks


Weighted Average Lending
Rates3

Weighted Average Lending
Rates3


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

Dec


Jan


Feb


Mar


Apr


May


Jun


Jul


Aug


Sep


Oct


Nov


Dec


Jan


Notes


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

2. Nominal Lending Rates depict the range of rates quoted by banks.
3. Lending rates exclude rates on staff loans.

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


COMMERCIAL BANKS
ACCEPTING HOUSES


END OF
SAVINGS
3 MONTHS
3 MONTHS


20122


JANUARY
0.15-5.00
5.00-18.00
10.00-17.00
FEBRUARY
0.15-5.00
5.00-18.00
10.00-17.00
MARCH
0.01-12.00
5.00-20.00
7.00-17.00
APRIL
0.00-12.00
5.00-20.00
8.00-17.00
MAY
0.00-12.00
5.00-20.00
6.00-17.00
JUNE
0.00-12.00
5.00-20.00
6.00-17.00
JULY
0.00-12.00
5.00-20.00
6.00-17.00
AUGUST
0.00-12.00
5.00-20.00
6.00-17.00
SEPTEMBER
0.00-12.00
5.00-20.00
6.00-17.00
OCTOBER
0.00-12.00
5.00-20.00
6.00-17.00
NOVEMBER
0.15-8.00
4.00-20.00
6.00-17.00
DECEMBER
0.15-8.00
4.00-20.00
6.00-17.00

JANUARY
0.15-8.00
4.00-20.00
6.00-17.00
FEBRUARY
0.15-8.00
4.00-20.00
6.00-17.00
MARCH
0.15-8.00
4.00-20.00
8.00-12.00
APRIL
0.15-8.00
4.00-20.00
8.00-12.00
MAY
0.15-8.00
4.00-20.00
6.00-17.00
JUNE
0.15-8.00
4.00-20.00
6.00-17.00
JULY
0.15-8.00
3.00-20.00
6.00-17.00
AUGUST
0.15-8.00
3.00-20.00
6.00-17.00
SEPTEMBER
0.15-8.00
3.00-20.00
11.00-12.00
OCTOBER
0.15--8.00
3.00-20.00
11.00-12.00
NOVEMBER
0.15--8.00
3.00-20.00
11.00-12.00


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


DECEMBER
0.15--8.00
3.00-20.00
11.00-12.00

JANUARY
0.15--8.00
3.00-20.00
11.00-12.00

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

NON-FOOD INFLATION
FOOD
INFLATION
ALL

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

& TOBACCO
FOOTWEAR
ELECTRICTY,
GAS
AND


CULTURE

HOTELS
GOODS &
FOOD
NON
ALCOHOLIC
BEVERAGES


& OTHER
EQUIPMENT


SERVICES


FUELS


WEIGHTS


JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY


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

NON-FOOD INFLATION
FOOD
INFLATION
ALL

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

& TOBACCO
FOOTWEAR
ELECTRICTY, GAS
AND


CULTURE
HOTELS
GOODS &
FOOD
NON ALCOHOLIC
BEVERAGES


& OTHER
EQUIPMENT


SERVICES


FUELS


WEIGHTS


MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY


TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES


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

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


1. Foreign currency per US Dollar.


2. US Dollar per unit of foreign currency.

JANUARY


TABLE 7.1: COMMERCIAL BANKS - ASSETS


US$ Millions


Liquid Assets


Securities


Loans & Contingent
Other
Non Financial
Total
End of
Notes


Total
Other Balances Advances
Assets
Assets
Assets
Assets

&
Balances
Balances
Balances


Liquid
with RBZ


Coin
with
with Other
at
Trade
Treasury Agric PEs
Assets


at Banks
RBZ
Banks
Foreign
Banks
Bills
Bills

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug.

Sep

Oct

Nov

Dec


Jan


TABLE 7.2: COMMERCIAL BANKS - LIABILITIES
US$ Millions


Deposits


Amounts Owing to
Capital
Contingent
Other
Total
Of which


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


Public


Deposits

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan


TABLE 8.1 : ACCEPTING HOUSES - ASSETS
US$ Millions


Liquid Assets


Loans & Contingent
Other
Non Financial
Total
End of
Notes


Total
Other
Balances Advances
Assets
Assets
Assets
Assets

&
Balances Balances Balances


Liquid
with RBZ


Coin
with
with Other
at
Trade
Treasury
Assets


at Banks
RBZ
Banks
Foreign
Banks
Bills
Bills

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan


TABLE 8.2 : ACCEPTING HOUSES - LIABILITIES
US$ Millions


Of which


Deposits


Amounts Owing to
Capital
Contingent
Other
Total
Liabilities to the


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


Deposits

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan


TABLE 9.1 : BUILDING SOCIETIES - ASSETS
US$ Millions


Liquid Assets


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

Coin
Banks


Assets


at Banks

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan


TABLE 9.2 : BUILDING SOCIETIES - LIABILITIES
US$ Millions


Of which

Deposits
Capital
Other
Total
Liabilities to the


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


Deposits

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug


Sep

Oct

Nov

Dec


Jan


Table 10: ZIMBABWE STOCK MARKET STATISTICS


Indices
US$ Millions

Industrial
Mining
Market Capitalisation

Jun
131.96
75.70
3,341.46
Jul
132.92
112.12
3,445.93
Aug
132.27
89.04
3,434.00
Sep
146.00
96.00
3,822.80
Oct
154.47
93.66
4,033,76
Nov
150.16
68.74
3,890.9
Dec
152.40
65.12
3,963.50

Jan
179.34
84.07
4,700.33
Feb
182.3
72.01
4,748.24
Mar
183.88
66.21
4,726.34
Apr
189.66
71.98
4,894.68
May
212.72
73.99
5,471.22
Jun
211.19
73.29
5,436.57
Jul
232.87
66.77
5,9136.78
Aug
181.67
48.73
4,682.27
Sep
200.05
49.90
5,157.20
Oct
209.74
52.68
5,407.42
Nov
213.04
47.02
5,482.03
Dec
202.12
45.79
5,203.13


Source: Zimbabwe Stock Exchange (ZSE)

Jan
189.45
35.40
4,882.11

TABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS


US$ Millions


Commercial
Merchant

Building

End of
Banks
Banks
Other/2
Societies
TOTAL

January

February

March

April

May

June

July

August

September

October

November

December


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

January


TABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS


US$ Millions


Commercial Banks
Accepting Houses


Liquid
Prescribed
Excess
Liquid
Prescribed
Excess

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

January

February

March

April

May

June

July

August

September

October

November

December


1/ With effect from May 2012, the prescribed liquid asset ratio was reviewed to 30% of liabilities to the public.

January


TABLE 13.1 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY
Values of Transactions (US$ in millions)
MONTH
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Annual Total


Jan


TABLE 13.2 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY
Volumes of Transactions (in thousands)
MONTH
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Annual Total 2,291.82 367.02 12,011.07
9,631.50
119,144.68 447.44

Jan

24.19