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JANUARY 2021

TABLE OF CONTENTS


December

January

Month-on-
Month Change
(%)
Reserve Money (M0) (ZW$ millions)
18,762.40

21,824.783

7.30

Money Supply2 (M3) (ZW$ millions)
204,924.86

220,484.563

16.32

Annual Inflation1 (%)
348.59
362.63
-53.07a

Blended Annual Inflation1 (%)
188.91
191.52
2.61a
Monthly Inflation1 (%)
4.22
5.43
1.21a

Blended Monthly Inflation1 (%)
2.75
2.76
0.01a
National Payment System Transactions2
(ZW$ billions)
454.10
381.51
16.00
Nominal Lending Rate2
(% per annum)
6.00-65.00
6.00-85.00

Sources:
1. Zimbabwe National Statistics Agency.
2. Reserve Bank of Zimbabwe.
3. Provisional until audit is completed.
a- Percentage point.
SELECTED ECONOMIC INDICATORS

INTERNATIONAL COMMODITY PRICE
DEVELOPMENTS

During the month of January 2021, international
monthly average prices for precious metals,
selected base metals and Brent crude oil, firmed.
Investor expectations of global economic
recovery, amid optimism on vaccine roll-outs
and robust growth in China, buoyed global
commodity markets, during the month under
review.

Precious Metals

Gold
Gold
prices
rose
by
0.6%,
from
US$1,856.89 per ounce recorded in December
2020 to US$1,868.33 per ounce, during the
month under review. The marginal rebound was
supported by a weaker US dollar, the threat of a
second wave of Covid-19 infections, and
emergence of new variants of the coronavirus.
Investor optimism about global vaccine rollouts, however, capped the recovery in gold
prices.

Platinum
Platinum prices rose by 6.0%, from a monthly
average of US$1,027.95 per ounce in December
2020 to US$1,089.75 per ounce in January
2021. The rally in platinum prices was bolstered
by elevated stimulus packages and investor
expectations that the current vaccine roll-out
would support economic activity, particularly in
the automobile sector where the metal is a major
raw material. Furthermore, a projected deficit in
the platinum market for 2021 continued to
support prices from the supply side.
Figure 1 shows the developments in precious
metal prices for the period from January 2020 to
January 2021.

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

Base Metals

Copper
Copper prices remained firm during the month
under analysis, as expectations of a substantial
US stimulus package coupled with a weaker US
dollar supported prices from the demand-side.
Prices rose by 2.8% to a monthly average of
US$7,970.50 per tonne, from US$7,756.95 per
tonne recorded in December 2020. The outlook
for the base metal remains positive on account
of strong economic recovery in China, the
world’s largest consumer of the base metal.

Nickel
Nickel prices further strengthened, rising by
9.8%, from a monthly average of US$16,814.00
per tonne in December 2020 to US$17,847.45
per tonne, during the month under review.

Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
US$/oz.
Gold
Platinum

Prices were bolstered by the renewed stimulus
package in the US and expectations of strong
demand for the metal, particularly from China.
Figure 2: Base metal prices (US$/ton)
Source: Bloomberg, 2020

Brent Crude Oil
Brent crude oil prices remained bullish as signs
of tightening supply offset concerns that a
resurgence of the Covid-19 outbreak in some
countries and a slow roll-out of vaccinations
would dampen demand. Saudi Arabia, one of
the world’s major oil producers, announced
plans to limit supply and pledged to cut
production by 1 million barrels per day. Against
this backdrop, the international price of Brent
crude oil went up by 9.8% to US$55.33 per
barrel, from a monthly average of US$50.41 per
barrel in the previous month.
Figure 3 shows developments in Brent crude oil
prices for the period from January 2020 to
January 2021.


Figure 3: International crude oil prices
(US$/barrel)

Source: Bloomberg, 2020

MERCHANDISE
TRADE
DEVELOPMENTS

Total merchandise trade for the month of
January 2021 stood at US$743.2 million,
representing
a
26.8%
decline
from
US$1,015.5 million recorded in December
2020. The month-on-month decline in total
merchandise trade was largely driven by a
decrease in merchandise exports. Compared to
the corresponding month in the previous year,
the January 2021 outturn was 4.9% lower than
the US$781.4 million recorded in 2020.
Merchandise Exports

The country’s merchandise exports declined by
42.1%, from US$488.3 million in December
2021 to US$282.9 million in January 2021. This
was largely on account of huge declines in
exports of PGMs, particularly nickel mattes,
during the month under review.
On a year-on-year basis, merchandise exports
for January 2021 were 28.9% lower than the

Jan-20
Mar-20
May-20
Jul-20
Sep-20
Nov-20
Jan-21
Nickel US$/ton
Copper US$/ton
Copper
Nickel (RHS)

Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
US$/barrel

US$397.7 million recorded in the corresponding
month in 2020. Figure 4 shows developments in
the country’s merchandise exports for the period
from January 2020 to January 2021.
Figure 4: Merchandise Exports (US$ m)

Source: ZIMSTAT, 2020

During the month under review, gold exports
declined by 47.1%, from US$105.3 million
realised in December 2020. The decline was
largely attributed to low production levels due
to incessant rains that affected mining activities.
In addition, gold prices somewhat tapered off on
the international markets, on the back of
investor optimism about global economic
recovery, due to mass Covid-19 vaccination roll
outs. Export earnings from tobacco and
industrial diamonds also recorded monthly
declines of 47.4% and 43.7%, respectively.

1 PGMs include nickel mattes, nickel ores & concentrates
and platinum
Table 1 shows developments in the country’s
exports for the months of December 2020 and
January 2021.
Table 1: Exports Classified by Harmonised
Commodity Description and Code System
Commodity

Dec-20
Jan-21
Share of
Total (%)
Total Exports
488.3
282.9
100.0
Of Which:


Platinum Group of
Metals (PGMs1)
227.0
124.7
44.1
Gold
105.3
55.7
19.7
Tobacco
(Inc. cigarettes)
78.0
41.1
14.5
Industrial diamonds
26.8
15.1
5.3
Ferro-chromium
4.4
13.2
4.7
Ginned cotton
2.6
5.0
1.8
Coal
2.4
4.3
1.5
Chromium ores and
concentrates
3.2
3.6
1.3
Ferro-silicon
0.5
1.4
0.5
Black tea (fermented/
partly fermented)
0.8
1.4
0.5
Source: ZIMSTAT & RBZ Calculations, 2020
The country’s exports were largely absorbed by
South Africa (39.8%), followed by U.A.E
(25.2%) and Mozambique (14.1%), during the
month under review. Figure 5 shows the
country’s major export markets in January 2021.

Figure 5: Top Ten Merchandise Export
Destinations (% Share)

Source: ZIMSTAT & RBZ Calculations, 2020

Merchandise Imports

Merchandise imports eased by 12.7%, from
US$527.2 million in December 2020 to
US$460.3 million in January 2021. The imports
for the month under review were, however,
higher than in the corresponding month in 2020,
as shown in Figure 6.


Figure 6: Merchandise Imports classified by
HS Codes 2020 & 2021 (US$ m)

Source: ZIMSTAT & RBZ Computations, 2020
The monthly decline in merchandise imports for
the month of January 2021 was mainly on
account of reduced imports of diesel, fertilisers,
crude soya bean oil and electricity. Improved
domestic hydro- electricity generation helped to
reduce the country’s electricity import bill.
Meanwhile, imports of maize and mealie meal
increased, as the government scaled up efforts to
cushion the vulnerable and food insecure
households, during the hunger-peak season,
which traditionally spans from January to
March.
The surge in imports of medicaments reflected
the increased importation of Covid-19 related
materials that included test kits and personal
protective equipment (PPEs). Table 3 shows
imports of major commodities for the months of
December 2020 and January 2021, respectively.

South Africa
United Arab Emirates
Mozambique
Switzerland
Zambia
United Republic of
Tanzania
Botswana
Italy
Netherlands
Uganda

Table 2: Imports Classified by Harmonised
Commodity Description and Code
System
Commodity
Dec 20
US$ m
Jan 21
US$ m
Share in
Jan 2021
Imports
(%)
Total Imports
527.4
460.3
100.0
Of Which:


Maize
(Excluding Seed)
13.5
26.2
5.7
Diesel
22.7
19.6
4.3
Medicaments
2.6
13.7
3.0
Fertilisers
(Ammonium
nitrate & Urea)
17.3
13.2
2.9
Crude soya bean
oil
13.1
9.4
2.0
Electrical energy
13.7
9.3
2.0
Rice
7.6
8.1
1.8
Maize meal
2.4
7.1
1.5
Unleaded petrol
7.1
6.0
1.3
Herbicides
2.4
5.6
1.2
Source: ZIMSTAT & RBZ Calculations, 2020
The country’s imports for the month of January
2021 were mainly sourced from South Africa
(45.7%), China (17.2%), Singapore (6.5%),
Zambia (3.9%), Mauritius (3.6%), United
Kingdom (2.6%), Denmark (2.2%), India
(2.1%), and other markets, as shown in Figure
7.


Figure 7: Top Ten Merchandise Import
Sources (% Share)

Source: ZIMSTAT & RBZ Calculations, 2020

Merchandise Trade Balance

The
aforementioned
trade
developments
culminated in a significant widening of the
country’s trade balance, from a deficit of
US$39.0 million in December 2020, to a deficit
of US$177.4 million in January 2021. Figure 8
shows the country’s trade balance for the period
from January 2020 to January 2021.


South Africa
China
Singapore
Zambia
Mauritius
United Kingdom
Denmark
India
Mozambique
United Arab Emirates

Figure 8: Merchandise Trade Balance
(US$ m)

Source: ZIMSTAT & RBZ Computations, 2020

MONETARY DEVELOPMENTS2

Broad money stood at ZW$220.71 billion in
January 2021, an increase of 7.60% from
ZW$204.92 billion3 recorded in December
2020. The money stock (M3) comprised of
foreign currency deposits, ZW$108.59 billion
(49.25% of total money), while local currency
transferrable deposits amounted to ZW$97.90
billion (44.40%); time deposits, ZW$11.35
billion (5.15%); negotiable certificates of
deposits,
ZW$1.42 billion
(0.65%); and
currency in circulation, ZW$1.22 billion
(0.55%).


2All monetary numbers valued in ZW$ since the adoption
of an interbank market determined exchange rate in
February 2019.
The foreign currency component of the deposits
included in broad money increased from an
equivalent of ZW$12.46 billion in January 2020
to ZW$108.59 billion in January 2021. The
growth partly reflected valuation changes owing
to movements in the exchange rate over the year
to January 2021. The Zimbabwe dollar
depreciated from ZW$17.35 per US$1 in
January 2020 to ZW$82.68 per US$1 by
January 2021.
Local currency deposits also registered an
annual growth of 384.11% in January 2021,
while currency in circulation increased by
28.00% over the same period.
Figure 9: Composition of Money Supply

Source: Reserve Bank of Zimbabwe, 2021


The annual growth in broad money was largely
on account of an expansion in credit to the
private sector, by 543.18%, while net credit to
Government rose by 23.37%.
3 Provisional until the December 2020 RBZ audit exercise
is completed.

Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Exports
Imports
Trade Balance
Local
Currency
Transferable
deposits
44.40%
Foreign
Currency
Deposits
49.25%
Time
Deposits
5.15%
Currency in
Circulation
0.55%
NCDs
0.65%

On a month-on-month basis, credit to the private
sector increased by 12.39% to ZW$83.91
billion. Net credit to Government, however,
declined by 32.56% to ZW$15.70 billion.
Credit to the private sector was mainly extended
towards
agriculture,
31.47%;
households,
13.25%;
distribution,
13.12%;
financial
organizations, 12.97%; manufacturing, 10.03%;
and mining, 9.42%; as shown in figure Figure
10.

Figure 10: Distribution of Private Sector Credit
Source: Reserve Bank of Zimbabwe, 2020

Credit to the private sector was largely
channeled towards inventory build-up, 39.32%;
other recurrent expenditures, 27.69%; and fixed
capital investment, 17.95%.


STOCK MARKET DEVELOPMENTS

During the month of January 2021, the
Zimbabwe Stock Exchange (ZSE) exhibited
bullish sentiments for the third consecutive
month, with all the major indices registering
gains.

The All Share, Top 10, Top 15 and mining
indices increased by 36.58%, 33.91%, 5.39%
and 30.89% to close at 3 600.82 points, 2 238.20
points, 2 587.61 points and 4 356.74 points,
respectively.

Figure 11: Zimbabwe Stock Exchange All
Share and Top 10 Indices
Source: Zimbabwe Stock Exchange, 2020
On an annual basis, the All Share, Top 10 and
mining indices gained 981.65%, 614.35% and 1
163.121%, up from 332.90 points, 313.32 points
and 344.92 points recorded in January 2020,
respectively.

As a result of positive trading during the month
under review, the cumulative value and volume
of shares traded increased by 28.49% and
682.09% to ZW$3.51 billion and 2.48 billion
shares, respectively.

Despite the bullish sentiments that characterized
the ZSE during the period under analysis, the
Households
13.25%
Agriculture
31.47%
Mining
9.42%
Manufacturing
10.03%
Distribution
13.12%
Construction
0.80%
Transport &
Communicat
ions
2.56%
Services
6.31%
Financial Org.
& Investments
12.97%
Other

28-Jan-20
28-Feb-20
28-Mar-20
28-Apr-20
28-May-20
28-Jun-20
28-Jul-20
28-Aug-20
28-Sep-20
28-Oct-20
28-Nov-20
28-Dec-20
28-Jan-21
Top 10 Index
All Share Index
All Share Index
Top 10 Index

proportion of foreign purchases, to the value of
shares traded, fell to 2.22%, compared to 5.85%
recorded in the month of December 2020.
Concomitantly,
the
net
foreign
position
worsened from a net outflow of ZW$356.09
million to a net outflow of ZW$509.28 million,
during the month of January 2021.

Figure 12: ZSE Monthly Volumes and
Values Traded

Source: Zimbabwe Stock Exchange, 2020
As a consequence of bullish trading activity on
the local bourse, the market gained ZW$116.98
million, or 36.80% worth of capitalization, to
ZW$434.86 billion as at end of January 2021.
On a year-on-year basis, the local bourse
capitalization increased by 901.36%, from
ZW$43.43 billion recorded in January 2020.

INFLATION OUTTURN

Annual Inflation

Headline inflation which had been on the
decline since July 2020, rose from 348.59% in

4The Zimbabwe National Statistical Agency (ZIMSTAT)
commenced publication of the blended CPI inflation in June
2020. The blended CPI inflation combines the average changes
December 2020 to 362.63% in January 2021.
The increase was partially attributable to the
new fiscal tax measures which took effect in
January 2021.

Annual food inflation increased from 346.40%
in December 2020 to 369.43% in January 2021
inflation. The rise in annual food inflation was
partially due to Covid-19 lockdown induced
shortages. Shortages of grain, maize and wheat,
also affected bread and cereals prices.

Food and non-alcoholic beverages, bread and
cereals; vegetables; and meat, contributed
139.27; 38.61; 38.48 and 23.8 percentage points
to the January 2021 inflation rate, respectively.

Annual non-food inflation rose by 7.52
percentage points, from 350.17% in December
2020 to 357.69% in January 2021. Non-food
inflation contributed about 207.05 percentage
points
to
the
January

inflation.
Miscellaneous goods and services; housing,
water, electricity, gas and other fuels; transport;
and alcoholic beverages and tobacco remained
the largest contributors to non-food inflation.

Annual Blended CPI inflation4 accelerated from
188.91% in December 2020 to 191.52% in
January 2021. Blended non-food inflation
contributed 131.08 percentage points to annual
blended inflation. The food and non-alcoholic
beverages category accounted for the remaining
60.42 percentage points.

in price of goods and services sold in the two main currencies in
circulation, namely the ZW$ and the US$.


Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Values Traded (ZW$ millions)
Volumes Traded (milions)
Volume
Turnover

Monthly Inflation

The month-on-month ZW$ inflation further
accelerated from 4.22% in December 2020, to
5.43% in January 2021, on account of increases
in both food and non-food inflation.

The increase in monthly food inflation was
mainly attributed to rises in prices of vegetables;
bread and cereals; and meat. The tightening of
Covid-19 lockdown restrictions also contributed
to price rises during the month under review.

Monthly non-food inflation also accelerated
from 2.63% in December 2020 to 3.70% in
January 2021. The increase was ascribed to rises
in
housing
and
municipality
charges;
miscellaneous
goods
and
services;
and
transport, among others.

Blended monthly inflation stood at 2.76% in
January 2021, a marginal increase from the
December 2020 rate of 2.75%. The marginal
rise in monthly blended inflation was attributed
to increases in all CPI categories.

Figure 13 shows month-on-month inflation
developments for the period from January 2020
to January 2021.


Figure 13: Month-on-Month Inflation (%)

Source: ZIMSTAT, 2020

NATIONAL PAYMENTS SYSTEM

During the month of January 2020, transactions
processed through the National Payments
System (NPS) declined by 16.0%, to close at
ZW$381.51 billion, from ZW$454.10 billion in
December
2020.
The
volume
of
NPS
transactions at 106.69 million, were 22.5%
lower compared to 137.63 million recorded in
the previous month.
Zimbabwe Electronic Transfer Settlement
System (ZETSS)

Real
Gross
Settlement
System
(RTGS)
transactions increased from ZW$302.66 billion
in December 2020 to close at ZW$255.55
billion in January 2021. RTGS transaction
volumes fell by 34.5% to close at 720 032
million, during the same month.


Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Food
Non-Food
Overall

Figure 14: ZETSS Volumes and Values

Source: Reserve Bank of Zimbabwe, 2020

Cash Transactions

During the month under review, cash based
transactions declined to ZW$4.16 billion, from
ZW$7.13 billion in December 2020.
Mobile and Internet Based Transactions

Mobile and internet-based transactions declined
by 10.70% to close at ZW$100.30 billion in
January 2021.
Card Based Transactions

Card-based transactions declined to ZW$21.50
billion, during the month under review, from
ZW$32.00 billion in December 2020.

RESERVE BANK OF ZIMBABWE


Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
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

12. Zimbabwe Stock Market Statistics

13. National Payments System Statistics


13.1 Values of Transactions

13.2 Volumes of Transactions

14. Merchandise Trade Statistics

TABLE 1: DEPOSITORY CORPORATIONS SURVEY ($'000)
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
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)
-49,592,865.53 -49,769,854.91 -78,762,163.43 -108,457,657.69 -117,412,003.72 -283,986,230.81 -381,705,468.53 -407,214,233.87 -407,712,767.45 -416,421,280.93 -418,553,646.30 -420,531,764.21 -440,611,441.66
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, 2021
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

Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Net Foreign Assets
-51,596,769.75 -51,659,786.89 -78,356,892.58 -104,544,431.97 -114,377,001.26 -275,623,563.54 -366,357,650.73 -391,303,802.50 -386,104,783.47 -398,503,742.75 -398,165,536.09 -392,036,907.50 -406,631,588.87
Claims on Non Residents

Official Reserves Assets

Other Foreign Assets

Less Liabilities to Non Residents

Short Term Liabilities

Other Foreign Liabilities*

of which blocked funds

Net Domestic Assets (NDA)

Domestic Claims

Net Claims on Central Government

Claims on Central Government

Of which: Securities Other than Shares

of which USD Securities revaluations (Ex

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)
-57,145,180.31 -58,322,160.20 -86,517,998.56 -114,986,959.06 -125,482,666.85 -295,508,852.17 -397,084,920.55 -427,953,446.54 -425,725,999.11 -429,887,129.29 -440,784,407.01 -443,273,555.40 -459,415,237.58
Shares and Other Equity

Other Items(Net)

Liabilities to Other Resident Sectors

Deposits and Securities Excluded from Base Mon

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,2021
Provisional until audit is completed
NB: * Other Foreign Liabilities include blocked funds amounting to USD2.2 billion assumed by the Central Bank on behalf of Government.
TABLE 2: CENTRAL BANK SURVEY ($'000)

TABLE 3 : OTHER DEPOSITORY CORPORATIONS SURVEY ( $ '000)
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Net Foreign Assets

Claims on Non Residents

Of Which: Foreign Currency

Deposits

Other

Less Liabilities to Non Residents

Of Which: Deposits

Loans

Other

Net Domestic Assets (NDA)

Domestic Claims

Net Claims on Central Government

Claims on Central Government

Securities

Loans

Other
-

-

-

-

-

-

-

-

-

-

-

-

-

Less Liabilities to Central Government

Of which: Deposits

Other

Claims on Other Sectors

Other Financial Corporations

State and Local Government

Public Non Financial Corporations

Private Sector

Claims on the Central Bank

Currency

Reserves

Securities

Other Claims

Liabilities to the Central Bank

Other Items(Net)

Shares and Other Equity

Liabilities to other ressident sectors

Other Items(Net)

Deposits and Securities Included in Broad Money

Deposits Included in Broad Money
34,202,472.63

36,052,337.44

45,274,086.77

49,685,009.94

57,713,065.69

97,187,347.86

127,237,814.07

140,284,498.63

147,593,137.33

161,784,545.97

179,622,031.80

200,965,243.38

217,355,104.75

Transferable Deposits
32,175,873.35

33,858,024.37

42,922,095.92

47,162,154.77

54,870,283.47

93,169,652.47

121,190,660.19

134,852,887.37

140,657,703.75

153,387,406.86

170,624,218.30

191,058,398.68

206,003,627.38

of which FCAs
12,458,349.93

12,476,934.91

20,909,726.92

19,463,088.16

24,984,322.48

57,701,775.14

79,076,606.18

82,607,196.16

88,430,395.05

91,944,864.16

100,147,096.67

102,824,762.68

108,386,216.00

Other Deposits

Money Market Instruments
255,563.69

260,055.92

476,793.67

337,556.97

359,194.93

863,206.40

1,024,311.11

1,111,664.44

1,083,907.10

1,231,944.90

1,237,340.99

1,436,202.84

1,422,437.87

Source:Reserve Bank of Zimbabwe,2021

Foreign
TOTAL
End of
Notes
Bond
&
Balances
Balances with
Balances
Other Claims
Local
Other
Notes &
Coin
with
Other Depository
with
on

oca
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


Apr
298.5

3,642.9

17,926.4

1,523.3

13,697.1


May
330.0

3,581.8

21,376.4

1,749.6

15,757.4


Jun
606.6

9,584.7

29,457.9

3,974.7

35,786.5


Jul
690.8

18,357.0

54,139.7

5,578.7

42,159.7


Aug
975.1

28,776.0

54,868.5

4,623.1

41,100.2


Sep
1,084.2

30,217.6

56,679.6

4,426.6

39,530.8


Oct
1,064.2

32,235.0

66,948.5

4,457.3

40,092.7


Nov
1,063.6

34,673.9

73,237.2

4,211.3

41,173.6


Dec
1,177.8

39,886.8

76,076.5

5,771.7

38,623.2


Jan
1,483.3

42,733.9

77,994.4

13,109.2

40,071.8


Source:Reserve Bank of Zimbabwe,2021
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

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Source:Reserve Bank of Zimbabwe,2021
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

Apr
263.29

3,147.75

16,673.44

1,287.51

13,285.14

3,056.32

4,235.96

-

0.08

18.39

4.47

9.75

834.72

14,864.30

129.90

7,642.80

6,534.14

9,703.93

81,691.9

May
284.33

3,144.57

19,827.46

1,553.68

15,003.29

3,130.38

4,160.50

-

0.12

45.79

4.53

9.61

768.01

17,762.27

143.44

7,042.04

6,012.40

9,845.09

88,737.5

Jun
515.11

8,372.39

26,368.55

3,570.85

34,550.44

7,527.46

5,841.98

-

0.12

90.14

4.29

9.41

2,010.79

26,638.87

215.56

24,299.33

14,590.26

18,983.05

173,588.6

Jul
577.99

16,536.53

49,470.13

4,219.81

40,259.84

11,399.93

6,357.84

-

-

74.57

4.33

12.61

1,025.78

33,054.99

229.06

28,551.07

10,247.64

19,646.49

221,668.6

Aug
821.16

26,519.73

49,165.59

4,265.44

38,763.72

14,219.24

6,484.68

-

-

39.07

14.05

14.74

1,046.29

38,741.31

231.00

25,354.64

9,460.49

19,961.16

235,102.3

Sep
891.26

27,646.41

51,169.67

3,898.65

38,420.20

14,126.83

6,354.19

-

-

107.40

9.61

22.30

1,050.38

41,088.91

228.95

28,289.36

17,608.70

19,375.08

250,287.9

Oct
896.48

29,309.79

60,589.19

3,602.58

38,877.31

13,530.74

7,763.97

-

20.06

109.83

17.57

22.18

1,019.00

48,440.92

268.07

29,764.70

15,978.22

19,616.63

269,827.2

Nov
919.42

31,596.89

67,899.10

3,494.87

39,693.38

14,134.74

7,098.29

-

0.02

110.37

20.00

16.81

1,269.94

54,496.74

259.90

29,821.16

16,683.48

19,526.70

287,041.8

Dec
1,019.76

36,507.59

70,392.07

4,949.48

37,346.17

10,803.58

9,985.57

-

-

1.18

23.30

26.76

1,269.01

62,953.03

718.16

29,608.01

12,793.91

28,230.82

306,628.4

Jan
1,237.43

39,565.64

71,463.64

12,288.89

39,092.85

10,921.99

8,281.80

-

-

1.18

16.67

18.01

1,264.28

71,090.96

718.83

25,036.22

12,333.21

32,123.11

325,454.7

Source:Reserve Bank of Zimbabwe,2021
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

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Source:Reserve Bank of Zimbabwe,2021
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

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

Apr
33.1

493.1
914.2

232.1
384.9

-

424.3

18.1
-

-

525.9

-

2,568.2

1528.5
2,134.4

9,256.8

May
39.7

434.7
1,248.4

192.3
725.0

-

382.4

17.0
-

-

517.6

-

2,793.4

2669.6
2,146.1

11,166.3

Jun
88.7

1167.9
2,857.8

395.9
1,222.0

-

385.4

13.8
-

-

653.4

-

4,663.9

2688.0
4,712.1

18,848.8

Jul
109.1

1780.7
3,878.9

1342.9
1,879.4

-

346.6

13.4
-

-

585.7

-

5,648.0

3879.5
4,927.7

24,391.8

Aug
142.9

2175.5
4,799.3

341.7
2,310.6

-

294.6

13.1
-

-

688.7

-

6,552.1

4480.3
6,104.6

27,903.4

Sep
179.8

2469.9
4,547.1

504.6
1,027.7

-

218.3

12.9
-

0.4

741.5

-

6,518.3

2774.9
6,503.8

25,499.1

Oct
149.1

2787.0
5,056.1

778.9
1,182.4

-

206.5

12.3
-

112.2

772.3

-

6,874.4

2795.4
6,537.1

27,263.4

Nov
104.3

2935.7
4,448.9

691.0
1,412.8

-

1,666.7

11.6
-

157.8

930.4

-

7,498.6

2571.1
6,712.9

29,141.9

Dec
116.2

3210.3
5,085.9

802.0
1,183.4

-

1,830.2

11.2
-

251.1

1,008.4

-

8,562.3

2559.4
7,352.9

31,973.2

Jan
188.7

2943.3
5,986.5

793.8
843.5

-

1,783.8

10.2
-

211.3

1,091.3

0.0

9,329.1

2980.3
7,685.1

33,846.9

Source:Reserve Bank of Zimbabwe,2021
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

Jan

Feb

Mar

Apr

May

June

July

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Source:Reserve Bank of Zimbabwe,2021
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


1,000.0

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Source:Reserve Bank of Zimbabwe,2021
/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
1,000.0

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Source: Reserve Bank of Zimbabwe,2021
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
Apr
5.00-65.00
18.57
18.69
May
5.00-65.00
18.06
18.07
June
5.00-65.00
20.04
17.38
July
5.00-65.00
18.87
20.11
Aug
6.00-65.00
19.14
18.99
Sep
6.00-65.00
20.65
25.09
Oct
6.00-65.00
26.04
26.68
Nov
6.00-65.00
30.32
27.67
Dec
6.00-65.00
32.11
26.91

Jan
6.00-65.00
32.65
24.77
Source:Reserve Bank of Zimbabwe, 2021
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
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
1.33-14.00
Aug
0.50-15.00
1.00-20.28
Sep
0.50-15.00
1.00-20.28
Oct
0.50-15.00
1.00-20.28
Nov
0.50-15.00
1.00-20.28
Dec
0.50-15.00
1.00-20.28

0.22-12.00
2.00-21.50
Source:Reserve Bank of Zimbabwe, 2021
* 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
COMMUNIC
ATION
RECREATION
&
EDUCATION
RESTAUR
ANTS &
MISC.
TOTAL NON
& TOBACCO
FOOTWEAR
ELECTRICTY,
GAS
AND
CULTURE
HOTELS
GOODS &
FOOD
& OTHER
EQUIPMEN
T
SERVICES
FUELS
WEIGHTS


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Source:Zimstat, 2021
FOOD & NON
ALCOHOLIC
BEVERAGES
ALL
ITEMS
TABLE 9.1 : MONTHLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX
(February 2019 = 100)

FOOD
INFLATION
ALCO HO LIC
CLO T HING
HO US ING ,
W AT E R,
FURNIT URE
MIS C.
FO O D &
B E VE RAG E S
&
E LE CT RICT Y,
G AS
AND
RE CRE AT IO N &
RE S T AURANT S
&
G O O DS &
T O T AL NO N
NO N
ALCO HO LIC
ALL
& T O B ACCO
FO O T W E AR
& O T HE R
E Q UIP ME NT
CULT URE
HO T E LS
S E RVICE S
FO O D
B E VE RAG E S
IT E MS
FUE LS
WEIGHTS


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun


Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Source:Zimstat, 2021
TABLE 9.2 : YEARLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX
(February 2019 = 100)
NON-FOOD INFLATION
HE ALT H
T RANS P O RT
CO MMUNICAT IO N
E DUCAT IO N

(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 & Reserve Bank of Zimbabwe, 2021
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

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Source: Reserve Bank of Zimbabwe, 2021
TABLE 11 : SELECTED INTERNATIONAL EXCHANGE RATES
1. ZWL$ dollar per unit of foreign currency

Market Capitalisation
END OF
All Share*
ZWL$ millions

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

June*

Aug

Sep

Oct

Nov

Dec


Jan

Source:Zimbabwe Stock Exchange, 2021
*All Share index was introduced in January, 2018
**As at 26 June 2020
Indices
TABLE 12: ZIMBABWE STOCK MARKET STATISTICS
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 5,236.3 115.2 21,247.9 9,646.8
Feb
41,637.6
4.7 5,431.8 136.9 22,589.7 9,633.8
Mar
60,804.1
4.1 7,252.9 268.0 27,993.6 14,411.4
Apr
47,525.5
- 4,150.6 82.6 18,299.2 11,481.8
May
59,271.1
- 7,426.0 349.8 24,851.5 19,593.2
Jun
91,311.3
- 9,752.7 516.6 26,042.5 25,842.3
Jul
127,743.2
- 14,741.1 1,028.7 26,033.3 35,199.7
Aug
143,042.1
- 14,953.6 1,547.5 27,217.6 34,505.0
Sep
203,172.0
- 18,252.3 1,963.0 26,441.0 41,958.4
Oct
198,863.56
- 22,482.28 2,163.27 42,767.66 46,270.42
Nov
236,231.56
- 23,936.70 2,151.61 36,475.66 54,797.79
Dec
302,661.15
- 30,061.03 1,935.29 45,278.12 67,038.24

Jan
255,551.32
- 21,042.23 4,532.12 35,306.27 64,996.35
Source:Reserve Bank of Zimbabwe, 2021
TABLE 13.1 : ZETSS AND RETAIL PAYMENTS
Values of Transactions (ZWL$ millions)

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan
548.1
22.7 20,981.2 449.6 100,593.9
501.8
Feb
457.2
22.5 18,869.0 292.2 89,584.3
463.8
Mar
545.2
23.7 21,996.8 268.4 116,120.0
510.5
Apr
505.5
17.4 21,170.0 253.6 117,616.8
457.0
May
611.1
21.2 23,278.2 213.2 137,423.0
496.6
Jun
553.6
22.5 23,790.0 175.2 156,609.8
502.2
Jul
560.2
20.1 25,075.5 223.1 169,416.8
559.6
Aug
553.0
15.1 25,249.9 317.4 164,918.0
518.7
Sep
543.0
19.4 24,918.0 300.8 161,289.5
511.3
Oct
571.6
20.4 21,025.4 345.5 161,427.4
496.0
Nov
477.4
16.7 17,845.4 334.9 133,862.1
430.6
Dec
478.6
13.0 27,419.1 236.2 161,540.7
409.1
Annual Total
6,404.4
234.6 271,618.6 3,410.1 1,670,402.1
5,857.13

Jan
401.5
12.2 40,613.8 232.6 135,481.1
413.4
Feb
456.5
16.4 27,811.2 226.8 119,081.1
463.6
Mar
525.9
15.4 30,417.6 248.9 142,597.8
441.0
Apr
535.0
13.7 32,092.5 168.8 157,348.3
390.1
May
642.6
14.7 15,542.6 121.4 166,491.6
494.3
Jun
706.0
13.3 18,012.1 79.6 160,873.0
486.8
Jul
983.5
13.6 20,465.4 99.6 170,823.3
638.2
Aug
872.9
9.0 21,919.8 85.2 179,281.2
542.3
Sep
1,010.7
11.9 22,749.6 62.4 200,441.9
679.4
Oct
1,079.4
12.7 23,191.6 65.0 206,621.5
1,099.3
Nov
982.1
10.3 25,737.5 225.2 152,919.9
2,044.1
Dec
1,003.8
7.6 27,800.5 385.5 146,316.6
1,273.6

Jan
943.3 4.6 23,649.0 199.9 139,278.2 671.7
Feb
916.1 8.9 21,652.2 196.6 149,671.5 647.8
Mar
1,068.5 7.4 22,588.1 234.3 173,042.2 661.2
Apr
515.1
- 11,036.4 36.4 131,190.0 998.0
May
674.1
- 14,711.6 231.2 150,936.1 705.3
Jun
907.8
- 14,420.9 286.1 135,524.3 1,390.4
Jul
918.4
- 15,786.5 251.4 121,072.4 791.9
Aug
789.4
- 13,536.2 248.2 127,308.6 702.1
Sep
911.9 0.002 15,524.1 309.8 125,059.2 783.2
Oct
990.2
- 19,138.6 398.8 191,148.8 735.8
Nov
971.3
- 17,584.9 430.0 101,305.8 755.6
Dec
1,100.0
- 19,404.0 453.0 115,290.2 820.1

Jan
720.0
- 9,849.3 229.0 94,691.4 872.2
Source:Reserve Bank of Zimbabwe, 2021
TABLE 13.2 : ZETSS AND RETAIL PAYMENTS
Volumes of Transactions (000's)

END OF
EXPORTS
IMPORTS
TOTAL TRADE TRADE BALANCE

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total


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


Jan

Source: ZIMSTAT, 2021
TABLE 14 : MERCHANDISE TRADE STATISTICS
(US$ millions)