[Date]


APRIL 2016


i

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

MONTHLY ECONOMIC REVIEW

March

April
Month-on-
Month
Change
Z.S.E. Mining Index1
19.4
20.2
4.1%
Z.S.E. Industrial Index1
97.6
105.8
8.4%
Money Supply (US$)2
4 916.8 million
5 004.9 million
1.8%
Money Supply (M3) Annual Growth2
12.50%
12.80%

Yearly Inflation3
-2.31%
-1.64%

Monthly Inflation3
-0.12%
-0.21%

Nominal Lending Rate
4.0-22.0%
4.0-22.0%

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
Major stock markets in the USA, Asia and
Europe were largely bullish in April 2016. The
Nasdaq and Hang Seng indices, however,
recorded losses during the same month. Trading
in African stock markets was mixed. Gains were
recorded in Morocco, 6.9%; Egypt, 3.3%; and
South Africa, 1.2%; while losses were registered
in Kenya, -0.3%; Nigeria, -1.0%; and Tunisia,
-1.2%.
On the Zimbabwe Stock Exchange (ZSE),
industrial and mining indices registered marginal
gains during the month under review. The
industrial index increased by 8.4%, to close the
month at 105.8 points, while the mining index
rose by 4.1% to 20.2 points.


The total volume of shares traded rose by 92.3%
to 188.3 million in April 2016. Market turnover,
however, declined from US$16.4 million in
March 2016, to US$14.0 million in April 2016.

Source: Zimbabwe Stock Exchange, 2016
The ZSE market capitalisation increased from
US$2 645.1 million in March 2016, to
US$2 862.6 million in April 2016, on account of
gains in both the industrial and mining indices.

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

01-Feb-16
09-Feb-16
17-Feb-16
25-Feb-16
04-Mar-16
12-Mar-16
20-Mar-16
28-Mar-16
05-Apr-16
13-Apr-16
21-Apr-16
29-Apr-16
VALUES TRADED (US$ MILLIONS)
VOLUMES TRADED (MILLIONS)
Figure 2: ZSE: Daily Volumes and
Figure 2: ZSE: Daily Volumes and Values Traded
Values Traded
Volume
Turnover
Source: Zimbabwe Stock Exchange, 2016


MONTHLY ECONOMIC REVIEW

MONETARY DEVELOPMENTS
The annual growth in broad money supply stood
at 12.8% in April 2016, up from 12.5% in March
2016. Month-on-month, broad money supply
increased to US$5 004.9 million in April 2016,
from US$4 916.8 million in March 2016.

Source: Reserve Bank of Zimbabwe, 2016
Increases in savings, 22.6%; demand, 21.3%; and
long term deposits, 18.3%, accounted for the
annual growth in broad money supply. Short
term deposits, however, decreased by 24.1%
during the period under review.
The proportion of deposit classes to total deposits
was as follows: demand, 52.9%; over 30-days,
18.3%; under 30-days, 14.9%; and savings
deposits, 13.9%.


On an annual basis, growth in total banking
sector credit rose from 23.5% in March 2016, to
23.8% in April 2016. Monthly banking sector
credit increased by 1.5% to US$5 623.6 million,
during the period under analysis.
Credit to the private sector recorded an annual
decline of 3.4% to US$3 633.9 million in April
2016, from US$3 762.0 million in April 2015. On
a month-on-month basis, credit to the private
sector has remained almost the same.
Credit to the private sector consisted of loans and
advances, 85.2%; mortgages, 9.2%; other
investments, 5.2%; bankers acceptances, 0.3%;
and bills discounted, 0.2%.
-2


Jul-13
Oct-13
Jan-14
Apr-14
Jul-14
Oct-14
Jan-15
Apr-15
Jul-15
Oct-15
Jan-16
Apr-16
%
US$ BILLIONS
Figure 3: Money Supply
Figure 3: Money Supply
M3
M3 Annual Growth
Under 30
Days
14.9%
Over 30
Days
18.3%
Demand
52.9%
savings
13.9%Figure 4: Bankin
Figure 4: Banking Sector DepositsApril 2016
April 2016
Source: Reserve Bank of Zimbabwe, 2016


MONTHLY ECONOMIC REVIEW

Source: Reserve Bank of Zimbabwe, 2016
The sectoral distribution of private sector credit
was as follows: agriculture (23.2%); households
(19.0%);
manufacturing
(15.8%);
services
(15.2%); distribution (13.7%); mining (5.1%);
financial organisations and investments, (3.0%);
transport and communications (3.0%); and
construction (1.7%).
The utilisation of private sector credit in terms of
proportions was as follows: Inventory build-up,
33.6%; working capital, 36.2%; consumer
durables, 14.9%; fixed capital investment,
13.5%; and pre and post shipment financing,
1.7%.

INFLATION OUTTURN

Annual Inflation

Annual headline inflation accelerated to -1.64%
in April 2016, from -2.31% in March 2016,
largely driven by increases in both food and nonfood inflation.

Source: ZIMSTAT, 2016
The year-on-year food inflation increased
marginally, from -4.1% in March 2016, to -4.0%
in April 2016. This was, in large part,
underpinned by increases in prices of sugar, jam,
honey, chocolate and confectionery.
Annual non-food inflation rose to -0.51% in
April 2016, from -1.43% in March 2016. The rise
was attributable to increases in education and
health inflation. Partially offsetting the increase
in annual non-food inflation were declines in
housing, water, electricity, gas and other fuels;
Loans & Advances
85.2%
Bills
Discounted
9.2%
Bankers
acceptances
0.2%
Other
investments
0.3%
Mortgages
5.2%Figure 5: Credit to Private Sector
Figure 5: Credit to Private Sector April 2016
April 2016


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


MONTHLY ECONOMIC REVIEW

furniture and household equipment; transport;
clothing and footwear.

Monthly Inflation


The month-on-month inflation rate stood at
-0.21% in April 2016, down from -0.12% in
March 2016. This was largely on account of the
decline in food inflation.
Monthly food inflation eased from -0.13% in
March 2016, to -0.51% in April 2016.
Contributing to the decline in food inflation were
decreases in meat; bread and cereals; milk,
cheese and eggs; oils and fats and vegetables.
Non-food inflation, however, increased by 0.03
percentage points to -0.08% in April 2016, from
-0.11% in March 2016. The increase was driven
by the rise in prices of alcoholic beverages and
tobacco; restaurants and hotels; and furniture and
household equipment.
NATIONAL PAYMENTS SYSTEM

The value of transactions processed through the
National Payment System declined by 1.2% to
US$6 158.5 million in April 2016, from
US$6 231.7 million in March 2016.

Zimbabwe Electronic Transfer Settlement
System (ZETSS)

Transactions processed through the Real Time
Gross Settlement system increased by 3.0% to
US$3 564.3 million in April 2016, from
US$3
460.2
million
in
March
2016.
Correspondingly, the volume of transactions
increased by 6%, from 152 465 in March 2016 to
161 725 in April 2016.
Source: Reserve Bank of Zimbabwe, 2016
Cash transactions

Cash
transactions
decreased
from
US$800.4
million
in
March
2016,
to
US$703.3 million in April 2016.

Mobile and Internet Based Transactions

The total value of mobile and internet based
transactions declined by 11.5%, to close at
US$595.6 million in April 2016. This compares
with US$673.1 million worth of transactions
recorded in March 2016.

Card Based Transactions

The value of card based transactions stood at
US$427.7 million in April 2016, down from
US$430.9 million registered in March 2016.


Apr-13
Aug-13
Dec-13
Apr-14
Aug-14
Dec-14
Apr-15
Aug-15
Dec-15
Apr-16
-

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


MONTHLY ECONOMIC REVIEW

Cheque Transactions

In value terms, total cheque transactions fell from
US$11.3
million
in
March
2016,
to
US$9.7 million in April 2016.

RESERVE BANK OF ZIMBABWE
JUNE 2016

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


April
May
June
July
August
September
October
November
December
January
February
March
April
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
TABLE 1.1 : MONETARY AGGREGATES
US$ Thousands

MONTHLY ECONOMIC REVIEW

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

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

APR
MAY
JUNE
JULY
AUGUST
SEPT
OCT
NOV
DEC
JAN
FEB
MAR
APR
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.

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

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

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
TRANSPOR
T
INDIVIDUALS
CONGLOMERATES
TOTAL
INVESTMENTS ORGANISATIONS

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

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
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
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
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


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

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
HS 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 TIO
N
R EC R EA TION
&
ED U C A TION
R ES TA U R A N T
S &
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

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

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

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


Feb


Mar


Apr


May


Jun


Jul


Aug


Sep


Oct


Nov


Dec


Jan


Feb


Mar


Apr


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


3614.0
Feb


3567.3
Mar


3593.0
Apr


3672.0
May


3762.4
Jun


3828.7
Jul


3788.6
Aug


3780.7
Sep


3892.9
Oct


3837.0
Nov


3975.4
Dec


4054.2

Jan


4073.5
Feb


4077.1
Mar


4227.1
Apr


4275.3
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

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

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


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
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

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

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

Source:Reserve Bank of Zimbabwe, 2016
1/With effect from 1 August 2011, the prescribed liquid asset ratio was reviewed to 25% of liabilities to the public, from 20%.
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

Oct

Nov

Dec


Jan

Feb

Mar

Apr

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


Jan

Feb

Mar

Apr

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

MONTHLY ECONOMIC REVIEW