i


MARCH 2020

TABLE OF CONTENTS


February

March

Month-on-
Month Change
(%)
Reserve Money (M0) (ZW$ millions)
9,380.94

11,704.94

24.8

Money Supply2 (M3) (ZW$ millions)
38,336.88
48,402.90
26.26
Annual Inflation
540.16
676.39
136.23a

Monthly Inflation1 (%)
13.52
26.59
13.07a

National Payment System Transactions2
(ZW$ billions)
80.80
112.12
38.76
Nominal Lending Rate2
(% per annum)
5.00-65.00
5.00-65.00

Z.S.E All share Index3
473.13
370.74
-21.64
Z.S.E. Mining Index3
826.73
720.47
-12.85
Z.S.E. Industrial Index3
1 564.98
1 512.46
-3.36
Sources:
1. Zimbabwe National Statistics Agency.
2. Reserve Bank of Zimbabwe.
3. Zimbabwe Stock Exchange.
a- Percentage point.
SELECTED ECONOMIC INDICATORS

INTERNATIONAL COMMODITY PRICE
DEVELOPMENTS


During the month of March 2020, the
international prices of gold, platinum, copper,
nickel and Brent crude oil declined.


Precious Metals
Gold prices marginally declined by 0.3%, from
US$1,597.96 per ounce in February 2020 to
US$1,592.85 per ounce1, during the month
under review. The decline was occasioned by
gold sell-off pressures, coupled with the
increase in the appeal of cash holdings for strong
currencies such as the US dollar.

Platinum prices retreated by 20.8%, from a
monthly average of US$962.00 per ounce in
February 2020 to US$762.32 per ounce in
March 2020. Prices were weighed down by a
slump in demand, following coronavirus
induced disruptions in platinum global supply
value chains.

Figure 1 shows developments in precious metal
prices for the period from March 2019 to March
2020.


1 1 troy ounce (oz) of gold is equivalent to 31.103 grams

Figure 1: Precious metal prices (US$/oz.)
Source: Bloomberg, 2020

Base Metals

Copper and nickel prices declined during the
month of March 2020, largely on account of a
slump in demand. The COVID 19 pandemic
induced lockdowns in China, during the first
two months of the year and the beginning of
lockdowns in major European economies
contributed to the slump in prices of the base
metals. In addition, the implementation of
lockdown restrictions in key global source
markets for copper and nickel, also restricted
supplies to the top consumers.

Consequently, the monthly average price of
copper fell by 9.1%, from US$5,687.46 per
tonne in February 2020 to US$5,168.18 per
tonne, during the month under review.
Similarly, the monthly average price of nickel
fell by 7.0%, from US$12,737.10 per tonne in
February 2020 to US$13,519 per tonne
US$11,848.30 in March 2020.

Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
US$/oz.
Gold
Platinum

Figure 2: Base metal prices (US$/ton)
Source: Bloomberg, 2020


Brent Crude Oil
Brent crude oil prices slumped by 39.7% during
the month under review to US$ 33.49 per barrel2
from US$ 55.56 per barrel in February 2020. A
collapse in global demand weighed prices down
amid
the
intensification
of
worldwide
coronavirus lockdowns, which resulted in the
grounding of flights and a halt in private and
public transport. These developments were
exacerbated by the collapse of a supply pact
between OPEC and non-OPEC members during
the month under review. The breakdown saw
increased supply of crude oil on the global
market and sharp increase in US inventories. In
addition, a global price war between Saudi
Arabia and Russia emerged, which weighed
down prices further.
Figure 3 shows developments in Brent crude oil
price for the period November 2018 to March
2020.

2 1 barrel of oil is equivalent to 157.987 litres
Figure 3: International crude oil prices
(US$/barrel)

Source: Bloomberg, 2020


MERCHANDISE TRADE
DEVELOPMENTS

Total Merchandise trade3 for the month of
March 2020 amounted to US$722.6 million, a
12.0% decline from US$820.9 million recorded
in the previous month. The slowdown in total
trade was on account of the contraction in both
merchandise exports and imports, during the
month under review.
Merchandise Exports
The country’s merchandise exports fell by
25.6%, from US$365.5 million in February
2020 to US$272.1 million in March 2020. This
was largely underpinned by declines in export
earnings for flue-cured tobacco (-68.5%); nickel
mattes (-33.5%); and nickel ores & concentrates
(-23.1%. Gold exports, however, recorded an
18.6% increase on a month-on-month basis,
from US$56.4 million in February to US$66.9
3 Sum of exports and imports

Mar-19
May-19
Jul-19
Sep-19
Nov-19
Jan-20
Mar-20
Nickel US$/ton
Copper US$/ton
Copper
Nickel (RHS)

Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
US$/barrel

million in March 2020. Figure 4 shows
developments in merchandise exports for the
period November 2018 to March 2020
Figure 4: Merchandise Exports (US$ m)

Source: ZIMSTAT, 2020


Table 1: Exports Classified by Harmonised
Commodity Description and Code System
Commodity
Feb-20
Mar-20
Share
of Total
(%)
Flue-cured tobacco
106.0
33.3
29.1
Nickel mattes
84.0
55.8
23.0
Gold (semimanufactured gold)
56.4
66.9
15.5
Nickel ores and
concentrates
31.3
24.1
8.6
Ferro-chromium
14.2
10.2
3.9
Industrial
diamonds
8.9
12.9
2.4
Unwrought
Platinum
8.8
6.0
2.4
Cane Sugar
6.4
6.3
1.8
Coke and semi-coke
of coal
3.5
3.5
1.0
Total
365.5
272.1
100.0
Source: ZIMSTAT & RBZ Calculations, 2020

During the month of March 2020, the country’s
exports were mainly destined for the United
Arab Emirates, 62.8%; Mozambique, 24.8%;
Belgium, 11.4%; and South Africa, 7.2%, as
shown in Figure 5. Notably, exports to South
Africa, the country’s major trading partner,
declined significantly as both countries imposed
restrictive COVID-19 lockdown arrangements,
to contain the spread of the virus

Nov-18
Jan-19
Mar-19
May-19
Jul-19
Sep-19
Nov-19
Jan-20
Mar-20

Figure 5: Top Ten Merchandise Export
Destinations (% Share)
Source: ZIMSTAT & RBZ Calculations, 2020
Merchandise Imports
Merchandise imports declined by 1.1%, from
US$455.3 million recorded in February 2020 to
US$450.5 million, during the month under
analysis. Figure 6 shows developments in the
country’s merchandise imports for 2019 and
2020.


Figure 6: Merchandise Imports classified by
HS Codes 2019 & 2020 (US$ m)

Source: ZIMSTAT & RBZ Computations, 2020
The decline in imports during the month under
review was attributable to a reduction in maize
and electricity imports. Diesel and petrol
imports, however, rose by 14.8% and 24.9% to
US$68.9
million
and
US$36.5
million,
respectively.
Table 2 shows imports by commodity for the
months of February and March 2020.


United Arab Emirates
Mozambique
Belgium
South Africa
Zambia
Kenya
Botswana
Malawi
Netherlands


Table 2: Imports Classified by Harmonised
Commodity Description and Code System
Commodity
Feb 20
US$ m
Mar 20
US$ m
Share of
Total
Imports
(%)
Maize (Excluding Seed)
58.6
53.1
11.8
Diesel
60.0
68.9
15.3
Electricity
17.0
9.1
2.0
Unleaded petrol
29.2
36.5
8.1
Crude soya bean oil
5.9
6.7
1.5
Wheat
0.0
3.4
0.8
Rice
5.4
4.1
0.9
Chemicals (Potassium
chloride & Urea)
1.4
2.0
0.4
Medicines
5.7
1.7
0.4
Vaccines
7.0
4.1
0.9
Total
455.3
450.5

Source: ZIMSTAT & RBZ Calculations, 2020
The country’s imports were mainly from South
Africa (42.7%); Singapore (23.0%); China
(6.9%); Mauritius (3.8%) and Mexico (3.4%),
during the month of March 2020, as shown in
Figure 7
Figure 7: Top Ten Merchandise Import
Sources (% Share)

Source: ZIMSTAT & RBZ Calculations, 2020
Merchandise Trade Balance
The country’s trade balance significantly
widened, from a deficit of -US$89.8 million in
February 2020 to a deficit of -US$178.5 million
in March 2020. This was mainly attributed to
the marked decline in exports for the month
under review. Figure 8 shows the country’s
trade balance for the period March 2019 to
March 2020.
Figure 8: Merchandise Trade Balance
(US$ m)

Source: ZIMSTAT & RBZ Computations, 2020

South Africa
Singapore
China
Mauritius
Mexico
Mozambique
India
Zambia
United Kingdom
Hong Kong

Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Exports
Imports
Trade Balance

MONETARY DEVELOPMENTS4

The total stock of broad money stood at
ZW$48.40 billion as at end-March 2020. Of this
amount, foreign currency accounts (FCA)
deposits totalled ZW$20.91 billion (or 43.20%
of total), while local currency deposits
amounted to ZW$26.45 billion (or 54.64%).
Currency in circulation constituted the balance
of about ZW$1.04 billion (2.16%).
Over the year to March 2020, FCA deposits
grew by 1 374.76%, largely reflecting the
impact of exchange rate depreciation, from
ZW$3.01/USD in March 2019 to ZW$25/USD
in March 2020. Thus, about 51% of the annual
growth in broad money in March 2020 came
from the revaluation adjustment of the foreign
currency component of deposits due to the
exchange rate movement.
On the other hand, the increase of the local
currency component of deposits from ZW$8.7
billion in March 2019 to ZW$26.4 billion in
March 2020 was attributable to normal demand
for money to support various economic
activities in the economy. The increase also
reflects the impact of money multiplier effects
of bank lending in an inflationary environment.
Currency in circulation also increased from
ZW$466.8 million in March 2019 to ZW$1.04
billion in March 2020, reflecting rising demand
for currency for cash transaction purposes.


4All monetary numbers valued in ZWL$ since the
adoption of an interbank market determined exchange rate
in February 2019.
Figure 9: Composition of Money Supply

Source: Reserve Bank of Zimbabwe, 2020
The annual growth in broad money was largely
explained by credit to the private sector, which
went up by 341.86%, while net credit to
Government increased by 34.92%, over the year
to March 2020. On a month-on-month basis,
credit to the private sector grew by 19.15%,
while net credit to Government also increased
by 1.98%, to ZW$12.95 billion in March 2020.
Credit to the private sector was channelled
towards agriculture,
households, financial
organisations, manufacturing, and distribution,
as shown in the Figure 10.


Local
Currency
Transferable
deposits
Foreign
Currency
Deposits
43.20%
Time
Deposits
4.86%
Currency in
Circulation
NCDs
0.98%

Figure 10: Distribution of Private Sector
Credit

Source: Reserve Bank of Zimbabwe, 2019
The utilisation of credit to the private sector was
distributed as follows: inventory build-up,
35.88%; other recurrent expenditures, 31.70%;
fixed capital investment, 18.77%; consumer
durables, 11.73%; and pre and post shipment
financing, 1.92%.

STOCK MARKET DEVELOPMENTS

The rally on the Zimbabwe Stock Exchange
(ZSE), which was witnessed in January and
February of 2020, dissipated in March 2020. In
consequence, the ZSE registered losses, which
saw the demand for low tier stocks continuing to
dominate the local bourse. The Top 10, Top 15
and All Share indices lost 7.24%; 4.71%; and
3.58%, to close at 370.74 points; 390.12 points;
and 456.21 points, respectively.

The Small Cap and the ZSE Top 15 indices also
declined by 199.48 points and 19.30 points to
close at 1 493.28 points and 390.12 points,
respectively.
Figure 11: Zimbabwe Stock Exchange All
Share and Top 10 Indices
Source: Zimbabwe Stock Exchange, 2019

On a month-on-month basis, however, mining
and industrial indices declined by 12.85% and
3.36%, to close at 720.47 points and
1 512.46 points, respectively.

On an annual basis, the All Share and Top 10
indices gained 334.55 points and 256.13 points,
from 121.66 points and 114.61 points,
respectively. This was largely underpinned by
portfolio shifting by investors, away from the
money market to stocks, particularly during the
beginning of 2020.

Over the year to March 2020, the industrial and
mining indices gained 1 106.89 points and
526.49 points, from 405.57 points and 193.98
points recorded in March 2019, respectively.


Households
13.30%
Agriculture
34.49%
Mining
11.13%
Manufacturing
9.67%
Distribution
8.66%
Construction
0.88%
Transport &
Communica
tions
1.53%
Services
5.82%
Financial Org.
& Investments
14.32%
Other

31-Mar-19
30-Apr-19
31-May-19
30-Jun-19
31-Jul-19
31-Aug-19
30-Sep-19
31-Oct-19
30-Nov-19
31-Dec-19
31-Jan-20
29-Feb-20
31-Mar-20
Top 10 Index
All Share Index
All Share Index
Top 10 Index

Figure 12: Zimbabwe Stock Exchange
Indices
Source: Zimbabwe Stock Exchange, 2019

During the month under review, the volume of
shares traded on the ZSE increased by 37.64%
to 237.67 million shares, from 172.68 million
shares traded in February 2020. The cumulative
value of shares traded also increased by 18.08%
to 425.24 million in the same period.

Figure 13: ZSE Monthly Volumes and Values
Traded

Source: Zimbabwe Stock Exchange, 2019
As a consequence of bearish sentiments
exhibited on the local bourse during the period
under review, the ZSE lost ZW$2.38 billion, or
3.89% of the previous month’s value, to close at
ZW$58.61 billion. On a year-on-year basis,
however, the local bourse capitalization surged
by ZW$42.53 billion, from ZW$16.08 billion
recorded in March 2019.

INFLATION OUTTURN


Annual Inflation

The annual headline inflation accelerated to
676.4% in March 2020, up from 540.2% in
February 2020. This was due to increases in
both food and non-food inflation.

Annual food inflation surged from 710.3% in
February 2020 to 807.4% in March 2020. Yearon-year non-food inflation also accelerated from
462.6% in February 2020 to 616.1% in March
2020.

Monthly Inflation


Month-on-month inflation rose from 13.5% in
February 2020 to 26.6% in March 2020, driven
by both food and non-food inflation.

Food inflation at 17.69% in March 2020, gained
10.9 percentage points on 6.81% recorded in
February 2020. Increases were recorded for
bread, rice, vegetables, and cooking oil.

Monthly non-food inflation increased from
18.4% in February 2020 to 32.44% in March
2020. This was largely attributed to increases in
rentals and the cost of building materials.

Mining Index Points
Industrial Inedx Points
Industrial
Mining

Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Values Traded (ZW$ millions)
Volumes Traded (milions)
Volume
Turnover

Figure 14 shows month-on-month inflation
developments, for the period from February
2019 to March 2020.
Figure 14: Month-on-Month Inflation (%)

Source: ZIMSTAT, 2019

NATIONAL PAYMENTS SYSTEM


During the month under analysis, the total value
of transactions processed through the National
Payment System (NPS) registered an increase of
38.8%, to close at ZW$112.12 billion. The total
volume of NPS transactions also increased by
14.12% to 199,226,641 in March 2020, from
174,581,510 in the previous month.

Zimbabwe Electronic Transfer Settlement
System (ZETSS)

The value of transactions processed through the
RTGS system increased by 46% to ZW$60.80
billion in March 2020, from ZW$41.64 billion
recorded in February 2020. RTGS transaction
volumes stood at 1,068,451 in March 2020, up
from 916,116 in February 2020.


Figure 15: ZETSS Volumes and Values

Source: Reserve Bank of Zimbabwe, 2019

Cash Transactions

Cash transactions amounted to ZW$1,390.89
billion in March 2020, a 2.1% increase from
ZW$1,361.94 million in the preceding month.
Mobile and Internet Based Transactions

The total value of mobile and internet-based
transactions increased by 31.36% to close at
ZW$42.40 billion, during the month under
review.
Card Based Transactions

The total value of card-based transactions was
ZW$7.52 billion in March 2020, up from $5.57
billion in February 2020.
Cheque Transactions

The value of cheque transactions registered a
12.9% decrease to close at ZW$4.06 million in
March 2020, from ZW$4.66 million in February
2020.
APRIL 2020
RESERVE BANK OF ZIMBABWE

Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20


Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Value in ZW$ Billions
Volume in Thousands
Volume
Value

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. Total External Debt Outstanding by Debtor

11. Exchange Rates

Zimbabwe Stock Market Statistics

National Payments System Statistics


13.1 Values of Transactions

13.2 Volumes of Transactions

Merchandise Trade Statistics

Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
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

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,2020
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
TABLE 1: DEPOSITORY CORPORATIONS SURVEY ($ '000)

Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Net Foreign Assets
-6,110,320.34 -6,759,543.60 -11,356,605.80 -14,602,968.79 -23,287,056.52 -27,352,064.33
-39,349,960.03 -46,395,160.21 -48,267,748.85 -50,285,843.15 -51,596,769.75 -51,659,786.89 -78,356,892.58
Claims on Non Residents

Official Reserves Assets

Other Foreign Assets

Less Liabilities to Non Residents

Short Term Liabilities

Other Foreign Liabilities

Net Domestic Assets (NDA)

Domestic Claims

Net Claims on Central Government

Claims on Central Government

Of which: Securities Other than Shares

of which USD Securities revaluations (Excha

Loans

Loans and Advances

Legacy Debt

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)
-4,088,430.87 -4,793,733.84
-9,673,334.90 -13,022,965.26 -20,737,108.96 -25,788,352.03
-37,210,035.04 -43,812,534.88 -46,414,639.90 -54,669,718.18 -57,145,180.31 -58,322,160.20 -86,517,998.56
Shares and Other Equity

Other Items(Net)

Liabilities to Other Resident Sectors

Deposits and Securities Excluded from Base Money

Monetary Base Incl. foreign currency clearing balances
Monetary Base

Bond Coins

Bond Notes

Liabilities to ODCs

Reserve Deposits

Exess reserves

Private Deposits

Source: Reserve Bank of Zimbabwe,2020
TABLE 2: CENTRAL BANK SURVEY ($'000)

Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
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 Mo 10,073,570.03

Deposits Included in Broad Money
9,999,066.93

10,698,817.40

12,307,411.86

14,024,153.85

16,316,355.79

18,607,561.81

22,546,030.38

27,593,648.82

29,819,025.32

32,968,794.78

34,202,472.63

36,052,337.44

45,274,086.77

Transferable Deposits
8,562,013.77

9,211,180.01

10,695,596.51

12,595,266.96

14,675,509.25

16,987,786.03

20,883,074.13

25,739,354.63

27,983,294.46

31,080,869.95

32,175,873.35

33,858,024.37

42,922,095.92

of which FCAs
1,417,836.22

1,753,489.14

3,031,536.97

3,887,787.41

4,049,120.88

5,737,719.98

9,859,484.27

11,155,597.09

11,472,035.58

11,938,732.84

12,458,349.93

12,476,934.91

20,909,726.92

Other Deposits

Money Market Instruments
74,503.10

90,813.24

139,439.93

171,667.83

168,169.20

202,928.98

219,889.50

205,671.08

235,117.26

243,976.57

255,563.69

260,055.92

476,793.67

Source:Reserve Bank of Zimbabwe,2020
TABLE 3 : OTHER DEPOSITORY CORPORATIONS SURVEY ( $ '000)

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

Jan
23.4

66.9

2,528.5

291.2

111.9


Feb
20.0

46.8

2,516.8

347.6

114.2


Mar
16.7

57.9

2,457.7

312.8

139.2


Apr
14.9

61.9

2,423.5

337.0

120.8


May
14.2

71.7

2,543.0

477.8

138.6


Jun
9.0

58.5

3,081.0

509.8

120.0


Jul
20.6

61.9

3,450.6

466.4

111.6


Aug
23.1

72.3

3,475.7

377.8

105.3


Sep
18.2

61.5

3,781.6

398.1

159.1


Oct
39.9

70.4

3,771.3

368.3

185.5


Nov
30.6

84.6

3,696.3

300.6

209.8


Dec
20.5

94.5

3,949.5

439.6

235.5


Jan
49.0

113.4

3,901.0

401.9

261.6


Feb
59.7

256.8

3,764.8

357.1

570.4


Mar
62.5

263.2

3,891.0

432.9

739.3


Apr
45.2

363.5

4,153.9

578.9

1,031.9


May
98.7

484.2

4,089.2

694.1

1,890.1


Jun
126.3

882.2

4,518.6

560.2

2,383.0


Jul
232.4

968.8

5,605.6

370.4

3,738.0


Aug
184.4

1,150.4

7,956.5

527.8

3,904.2


Sep
124.5

2,108.5

9,128.1

874.0

5,678.3


Oct
144.3

1,906.0

11,613.0

2,511.0

7,644.9


Nov
128.8

2,243.1

11,417.7

2,236.3

8,417.4


Dec
169.8

2,526.2

13,994.1

1,254.7

8,415.7


Jan
183.4

3,176.6

13,217.3

1,073.2

8,142.0


Feb
267.1

3,136.4

13,817.0

1,504.5

8,642.5


Mar
263.6

3,607.6

16,167.1

2,214.4

12,681.9


Source:Reserve Bank of Zimbabwe,2020
Notes
1.Government securities includes treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households and other financial corporations.
Public
Enterprises
TABLE 4.1: OTHER DEPOSITORY CORPORATIONS -ASSETS
$ millions
Debt Securities
Loans and Advances

Debt Securities Foreign Liabilities
Capital
Contigent
Other
TOTAL
and
Liablities
Liablities
End of
Demand
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

June

July

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Source:Reserve Bank of Zimbabwe,2020
TABLE 4.2 : OTHER DEPOSITORY CORPORATIONS - LIABILITIES
Deposits
Amounts Owing to
$ millions

TOTAL
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
Coins
Coin
RBZ
Corporations
Foreign Banks
Non-residents
Securities
securities

Jan
22.40

64.10

2,294.49

192.08

103.42

81.91

2,143.23

-

23.45

65.90

26.32

20.59

154.85

2,451.11

28.68

500.96

294.22

538.92

9,006.6

Feb
18.34

43.97

2,296.76

223.72

108.28

96.17

2,109.34

-

23.45

66.10

24.29

21.11

145.03

2,461.49

28.67

507.82

290.62

536.35

9,001.5

Mar
14.81

53.62

2,238.77

240.67

124.48

99.51

2,164.00

-

23.45

66.69

19.16

15.90

127.10

2,535.82

30.40

504.13

325.78

552.34

9,136.6

Apr
13.47

56.67

2,207.91

274.97

116.75

78.50

2,314.90

-

24.75

66.97

13.44

20.89

120.77

2,519.81

28.31

531.98

298.96

554.95

9,244.0

May
12.85

62.77

2,308.95

339.50

130.13

85.74

2,562.36

-

24.97

66.94

8.44

20.88

134.01

2,556.25

23.90

458.93

307.90

555.31

9,659.8

June
7.48

52.61

2,848.51

331.76

117.26

84.05

2,538.32

-

26.19

66.55

7.44

19.43

196.00

2,662.21

25.46

551.39

302.93

563.41

10,401.0

July
17.85

54.25

3,189.62

281.13

109.31

95.43

2,949.15

-

-

67.49

4.51

21.01

181.99

2,414.59

26.03

611.36

322.53

565.15

10,911.4

Aug
21.01

67.83

3,196.71

232.34

102.46

66.26

3,014.90

-

-

67.29

7.05

20.62

186.74

2,490.99

29.82

647.67

329.42

566.33

11,047.4

Sep
16.25

58.19

3,487.91

305.30

137.84

78.01

2,789.78

-

45.21

68.09

5.42

20.39

212.17

2,577.06

36.68

637.41

357.43

571.83

11,405.0

Oct
33.06

67.98

3,505.83

272.14

173.15

51.45

2,728.83

-

45.21

68.41

4.59

9.35

188.83

2,697.37

38.71

647.52

353.24

569.20

11,454.9

Nov
25.84

81.42

3,384.38

264.64

198.18

63.91

2,793.90

-

45.21

68.65

6.99

8.13

217.69

2,672.32

46.06

633.21

406.55

569.81

11,486.9

Dec
18.17

89.91

3,736.98

317.34

224.44

74.84

2,633.69

-

43.37

69.16

6.20

9.18

204.31

2,707.60

53.75

573.76

406.16

633.85

11,802.7

Jan
42.05

106.91

3,766.70

338.09

249.77

46.14

2,621.20

-

61.02

68.66

4.41

8.06

189.15

2,594.53

33.84

517.24

428.82

649.94

11,726.5

Feb
52.63

238.67

3,601.94

293.36

549.59

205.65

2,675.29

-

60.52

2.00

5.84

7.71

208.31

2,784.17

31.04

490.74

472.78

696.82

12,377.1

Mar
59.17

244.62

3,729.81

393.22

712.08

55.05

2,635.68

-

61.52

4.53

4.27

9.53

340.66

2,660.90

25.33

523.72

755.57

971.53

13,187.2

Apr
40.82

331.97

3,876.83

492.10

981.80

91.75

2,590.97

-

61.79

3.95

3.98

9.62

407.85

2,721.57

24.55

620.52

935.27

1,002.47

14,197.8

May
94.59

444.70

3,886.07

571.50

1,747.69

154.08

2,508.43

-

62.12

4.20

3.93

9.43

636.78

3,056.86

34.46

910.14

1,832.95

1,142.77

17,100.7

Jun
119.69

810.71

4,104.17

413.18

2,244.98

538.88

2,596.97

-

63.09

6.62

3.89

8.73

929.36

3,667.45

37.02

1,606.53

1,374.23

1,621.33

20,146.8

Jul
224.75

791.31

5,081.19

275.44

3,602.89

801.93

2,640.55

-

103.36

5.49

2.18

9.00

164.58

4,043.75

32.65

1,587.68

1,873.44

1,722.66

22,962.9

Aug
178.74

1,054.06

7,123.10

461.83

3,778.75

1,050.74

3,106.90

-

103.86

6.78

1.04

9.21

212.50

4,430.78

37.42

2,614.64

1,744.16

1,989.27

27,903.8

Sep
108.51

1,915.41

8,246.09

676.17

5,563.16

1,575.75

3,240.85

-

26.96

6.47

1.37

9.40

187.53

4,993.71

42.30

3,707.80

3,074.10

2,440.63

35,816.2

Oct
138.01

1,702.35

10,537.81

2,437.08

7,376.80

906.98

3,416.23

-

27.05

5.29

1.15

7.94

254.84

5,859.32

41.94

4,081.09

1,658.19

2,434.21

40,886.3

Nov
113.92

2,078.54

10,430.55

2,073.35

7,977.27

940.70

3,737.72

-

27.15

11.83

1.37

8.74

248.79

7,670.96

42.07

3,148.28

1,627.27

3,059.40

43,197.9

Dec
158.44

2,300.01

12,821.54

934.73

7,898.48

1,984.08

3,716.31

-

24.75

20.65

1.33

8.11

268.61

8,976.00

61.84

4,867.67

2,740.16

6,935.56

53,718.3

Jan
165.80

2,845.62

12,018.43

708.00

7,706.57

1,811.38

4,029.43

-

125.52

14.97

5.11

12.17

326.11

10,766.91

77.59

2,965.93

3,395.90

8,058.15

55,033.6

Feb
251.70

2,756.57

12,731.97

889.16

8,264.76

1,532.87

3,877.19

-

117.45

13.99

5.15

11.56

329.47

11,656.91

88.37

5,441.70

11,907.90

8,653.69

68,530.4

Mar
242.41

3,063.92

14,545.58

1,948.14

12,381.17

2,497.47

4,373.76

-

0.08

20.23

4.39

11.39

765.82

14,041.67

127.46

7,917.31

5,718.53

9,244.62

76,904.0

Source:Reserve Bank of Zimbabwe,2020
Notes
1.Government securities include treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households and other financial corporations,
TABLE 5.1: COMMERCIAL BANKS -ASSETS
$ millions
Debt Securities
Loans and Advances

ZWL$ 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

Source:Reserve Bank of Zimbabwe,2020
TABLE 5.2 : COMMERCIAL BANKS - LIABILITIES
Deposits
Amounts Owing to

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

Jun
0.3

3.7

65.9

208.8

9.8

-

165.3

19.0

-

-

387.6

-

452.9

109.6

126.0

1,548.8

Jul
0.4

3.9

105.8

164.6

9.2

-

168.4

17.2

-

-

391.9

-

451.9

110.9

127.3

1,551.5

Aug
0.4

3.1

142.8

152.0

3.9

-

186.7

16.3

-

-

409.3

-

465.5

104.7

127.2

1,611.9

Sep
0.6

1.8

108.4

117.0

6.7

-

193.0

16.1

-

-

412.7

-

475.2

113.4

130.1

1,574.8

Oct
0.6

1.1

145.7

110.0

14.8

-

193.9

15.4

-

-

420.7

-

493.6

149.9

130.4

1,676.0

Nov
0.7

0.9

138.8

128.4

8.7

-

193.6

18.8

-

-

420.9

-

489.0

160.4

133.0

1,693.3

Dec
1.0

2.6

170.6

134.3

9.1

-

195.1

26.8

-

-

402.3

-

516.8

163.2

135.5

1,757.3

Jan
0.9

2.3

197.4

98.7

7.8

-

129.8

34.5

-

-

413.2

-

508.7

144.9

136.1

1,674.3

Feb
1.5

1.8

172.4

123.5

5.5

-

141.3

33.5

-

-

414.8

-

507.9

125.7

135.7

1,663.6

Mar
1.4

3.4

175.9

72.1

14.1

-

212.6

32.8

-

-

411.4

-

539.4

142.8

132.3

1,738.2

Apr
1.1

4.3

185.5

61.9

3.6

-

184.4

32.0

-

-

413.3

-

582.7

141.6

135.2

1,745.7

May
1.0

7.6

196.3

138.2

8.1

-

191.0

30.9

-

-

415.0

-

608.4

128.1

137.4

1,862.0

June
1.2

4.9

188.6

177.8

1.9

-

266.2

30.1

-

-

413.9

-

614.3

124.0

141.5

1,964.5

July
1.8

6.6

207.1

185.1

1.7

-

283.2

33.3

-

-

423.5

-

636.1

128.2

141.1

2,047.7

Aug
1.6

3.7

224.7

145.3

2.4

-

288.9

32.2

-

-

428.2

-

579.4

139.1

143.7

1,989.2

Sep
1.9

2.9

245.6

92.6

20.8

-

291.1

31.2

-

-

430.3

-

650.2

148.1

144.4

2,059.1

Oct
4.9

2.1

220.0

95.8

11.9

-

318.9

30.2

-

-

427.7

-

639.8

154.2

147.0

2,052.5

Nov
3.6

2.9

243.3

35.7

10.4

-

320.7

28.9

-

-

433.5

-

635.7

148.0

145.8

2,008.5

Dec
2.3

4.3

157.4

121.3

10.4

-

339.4

28.0

-

-

444.8

-

645.9

179.7

151.9

2,085.6

Jan
6.3

4.6
108.2

63.5
10.9

0.0
343.8

27.3
33.6

0.0
438.0

0.0
649.3

136.7
151.2

1973.3
Feb
5.4

17.6
120.6

62.8
18.1

-

339.6

26.5
-

-

416.1

-

696.1

171.1
156.7

2,030.8

Mar
2.6

18.0
126.3

38.6
23.9

-

331.7

25.5
-

-

415.1

-

710.1

172.1
207.4

2,071.2

Apr
3.7

30.6
220.3

85.0
47.6

-

271.6

25.0
-

-

414.1

-

705.0

169.0
276.2

2,247.8

May
3.9

38.4
162.2

115.4
139.0

-

345.5

23.9
-

-

406.2

-

776.6

165.7
363.4

2,540.1

Jun
6.3

69.8
361.6

144.5
132.4

-

265.8

22.6
-

-

421.7

-

873.6

210.5
473.0

2,981.8

Jul
6.5

174.7
473.9

89.7
131.1

-

258.3

22.2
-

-

416.0

-

934.6

203.1
565.6

3,275.8

Aug
5.5

94.5
758.0

60.6
115.5

-

247.4

21.5
-

-

418.1

-

970.6

345.1
567.6

3,604.2

Sep
15.8

180.3
831.8

195.4
104.2

-

267.6

20.9
-

-

499.1

-

1,137.6

528.8
1,042.2

4,823.6

Oct
6.2

198.7
997.2

72.2
243.7

-

268.8

20.2
-

-

429.8

-

1,286.7

503.4
1,069.3

5,096.2

Nov
11.9

156.1
872.3

159.7
426.0

-

338.6

19.6
-

-

443.5

-

1,357.4

575.8
1,068.7

5,429.6

Dec
9.2

223.9
1,016.9

317.4
492.3

-

308.3

18.2
-

-

454.5

-

1,413.5

700.6
1,470.0

6,424.9

Jan
16.3

322.3
1,106.8

361.8
421.8

-

283.0

20.1
-

-

478.2

-

1,498.8

717.5
1,552.8

6,779.5

Feb
14.5

368.2
977.2

612.5
370.5

-

357.1

20.1
-

1.5

503.6

-

2,097.7

735.9
1,538.8

7,597.4

Mar
20.1

529.4
1,423.7

261.8
282.6

-

341.6

19.2
-

0.6

526.4

-

2,406.4

1165.6
1,914.1

8,891.5

Source:Reserve Bank of Zimbabwe,2020
Notes
1.Government securities include treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households and other financial corporations,
TABLE 6.1: BUILDING SOCIETIES -ASSETS
$ 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

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

Source:Reserve Bank of Zimbabwe,2020
Amounts Owing to
TABLE 6.2: BUILDING SOCIETIES -LIABILITIES
$ millions

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


INVESTMENTS
ORGANISATIONS

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

Source:Reserve Bank of Zimbabwe,2020
/1 Including the only merchant bank still in operation.
TABLE 7.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES
$ ('000)

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

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

Source: Reserve Bank of Zimbabwe,2020
TABLE 7.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS
$ ('000)

End of
Nominal
Lending
Rates 1
Individuals
Corporate

Jan
4.45-18.00
9.33
6.99
Feb
4.45-18.00
9.57
6.93
Mar
4.45-18.00
9.64
6.98
Apr
4.00-18.00
9.32
7.08
May
4.00-18.00
9.28
7.09
Jun
4.00-18.00
9.32
7.14
Jul
4.00-18.00
9.75
6.97
Aug
4.00-18.00
9.87
7.10
Sep
4.00-18.00
9.56
7.11
Oct
4.00-18.00
9.47
7.38
Nov
4.00-18.00
9.49
7.38
Dec
4.00-18.00
9.48
7.39

Jan
4.00-18.00
9.47
7.40
Feb
4.00-18.00
9.23
7.30
Mar
4.00-18.00
9.23
7.31
Apr
4.00-18.00
9.30
7.38
May
4.00-22.00
9.31
7.33
Jun
4.00-22.00
9.15
7.67
Jul
4.00-35.00
9.54
8.40
Aug
5.00-55.00
14.37
18.43
Sep
5.00-65.00
14.64
19.81
Oct
5.00-65.00
15.59
19.66
Nov
5.00-65.00
15.06
18.00
Dec
5.00-65.00
16.08
18.31

Jan
5.00-65.00
16.56
17.20
Feb
5.00-65.00
16.92
16.68
Mar
5.00-65.00
19.65
17.21
Source:Reserve Bank of Zimbabwe, 2020
Notes
TABLE 8.1: LENDING RATES (percent per annum)
1. Nominal lending rates depict the range of rates quoted by banks.
Commercial Banks
Weighted Lending Rates

TABLE 8.2 : BANK DEPOSIT RATES (percent per annum)
END OF
SAVINGS
3 MONTHS

Jan
0.22-12.00
0.75-8.00
Feb
0.22-12.00
0.75-8.00
Mar
0.22-12.00
0.75-8.00
Apr
0.22-12.00
0.75-8.00
May
0.22-12.00
0.75-8.00
Jun
0.22-12.00
0.75-8.00
Jul
0.22-12.00
0.75-8.00
Aug
0.22-12.00
0.75-8.00
Sep
0.22-12.00
0.75-8.00
Oct
0.22-12.00
0.75-8.00
Nov
0.22-12.00
1.00-8.00
Dec
0.22-12.00
1.00-6.75

Jan
0.22-12.00
1.00-8.00
Feb
0.22-12.00
1.00-6.75
Mar
0.22-12.00
1.00-8.00
Apr
0.22-12.00
1.00-8.00
May
0.22-12.00
1.00-8.00
Jun
0.22-12.00
1.00-8.00
Jul
0.22-12.00
1.00-8.00
Aug
0.22-12.00
1.00-8.00
Sep
0.22-12.00
1.00-8.00
Oct
0.22-12.00
1.00-8.00
Nov
0.22-12.00
1.00-8.00
Dec
0.22-12.00
1.00-8.00

Jan
0.22-12.00
1.00-8.00
Feb
0.22-12.00
1.00-8.00
Mar
0.22-12.00
1.00-8.00
Source:Reserve Bank of Zimbabwe, 2020
* Deposit rates depict the range of rates qouted by banks.
**Banks have adjusted their costs of holding deposits following the
call by the RBZ to reduce lending rates.
COMMERCIAL BANKS

ALCOHOLIC
BEVERAGES
CLOTHING &
HOUSING,
WATER,
FURNITURE
HEALTH
TRANSPORT
COMMUNICA
TION
RECREATION &
EDUCATION
RESTAURA
NTS &
MISC.
TOTAL NON
& TOBACCO
FOOTWEAR
ELECTRICTY,
GAS
AND
CULTURE
HOTELS
GOODS &
FOOD
& OTHER
EQUIPMENT
SERVICES
FUELS
WEIGHTS


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

Source:Zimstat, 2020
FOOD & NON
ALCOHOLIC
BEVERAGES
ALL
ITEMS
TABLE 9.1 : MONTHLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX
(February 2019 = 100)

F OOD
IN F LA TION
A LC OHOLIC
C LOTHIN G
HOUS IN G,
WA TER ,
F UR N ITUR E
M IS C .
F OOD &
B EVER A GES
&
ELEC TR IC TY,
GA S
A N D
R EC R EA TION
&
R ES TA UR A N TS
&
GOOD S &
TOTA L N ON
N ON
A LC OHOLIC
A LL
& TOB A C C O
F OOTWEA R
& OTHER
EQUIP M EN T
C ULTUR E
HOTELS
S ER VIC ES
F OOD
B EVER A GES
ITEM S
F UELS
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


Feb

Mar

Source:Zimstat, 2020
TABLE 9.2 : YEARLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX
(February 2019 = 100)
C OM M UN IC A TION
TR A N S P OR T
HEA LTH
ED UC A TION
N ON -F OOD IN F LA TION

(US$ MILLIONS)
End Period

Est
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


Short-Term External Debt
1,348
2,040
1,286


Supplier's Credits

Reserve Bank

1,300

2,463
Private


Total External Debt

Source: Ministry of Finance & Economic Development, 2019; & Reserve Bank of Zimbabwe, 2020
TABLE 10: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS)

USA
SOUTH ARFICAN
BOTSWANA
JAPANESE
EURO
POUND
END OF
Dollar
RAND
PULA
YEN
STERLING

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Source: Reserve Bank of Zimbabwe, 2020
TABLE 11 : SELECTED INTERNATIONAL EXCHANGE RATES

Market Capitalisation
END OF
All Share*
ZWL$ millions

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

Source:Zimbabwe Stock Exchange, 2020
*All Share index was introduced in January, 2018
Indices
TABLE 12: ZIMBABWE STOCK MARKET STATISTICS
Industrial
Market Turnover
ZWL$ million
Volume of Shares
Mining

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE

INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan
6,903.0
2.9 1,294.05
16.9 3,608.83 1,056.16
Feb
8,337.0
4.0 1,330.58
17.2 3,594.51 1,093.64
Mar
9,881.5
3.9 1,399.50
18.3 4,080.65 1,250.55
Apr
10,321.4
3.1 1,590.10
14.0 4,949.34 1,408.53
May
14,670.3
4.2 1,397.48
11.8 6,692.55 1,897.82
Jun
17,881.2
3.7 1,464.66
30.1 7,130.02 2,539.84
Jul
23,309.9
3.7 1,806.45
36.6 9,137.36 3,295.81
Aug
23,596.6
2.4 2,181.56
38.5 11,077.65 3,493.56
Sep
30,328.1
3.8 3,029.87
51.9 15,112.00 5,337.71
Oct
39,413.7
3.9 3,621.64
67.1 16,588.28 6,237.03
Nov
40,871.8
3.5 4,199.30
67.4 13,537.77 7,200.30
Dec
49,579.8
2.8 5,695.39
97.2 19,356.74 8,724.02

Jan
47,841.3
1.8 5,236.31
115.2 21,247.93 9,646.84
Feb
41,637.6
4.7
5,431.81

136.9 22,589.66 9,633.79
Mar
60,804.1
4.1
7,252.88

268.0 27,993.61 14,411.35
Source:Reserve Bank of Zimbabwe, 2020
TABLE 13.1 : ZETSS AND RETAIL PAYMENTS
Values of Transactions (ZWL$ millions)

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Annual Total
6,404.4
234.6
271,618.6 3,410.1 1,670,402.1 5,857.13

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Source:Reserve Bank of Zimbabwe, 2020
TABLE 13.2 : ZETSS AND RETAIL PAYMENTS
Volumes of Transactions (ZWL$ 000's)

END OF
EXPORTS
IMPORTS
TOTAL TRADE
TRADE BALANCE

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total


Jan

Feb

Mar

Source: ZIMSTAT, 2020
TABLE 14 : MERCHANDISE TRADE STATISTICS
(US$ millions)