[Date]


NOVEMBER 2015


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 4
NATIONAL PAYMENTS SYSTEM 5
Zimbabwe Electronic Transfer Settlement System (ZETSS) 5
Card Based Transactions 5
Mobile and Internet Based Transactions 5
Cheque Transactions 5

MONTHLY ECONOMIC REVIEW

October

November
Month-on-
Month
Change
Z.S.E. Mining Index1
23.6
22.3
-5.3%
Z.S.E. Industrial Index1
131.8
117.6
-10.2%
Money Supply (US$)2
4 600.8 million
4 745.2 million
3.1%
Money Supply (M3) Annual Growth2
3.2%
7.5%

Yearly Inflation3
-3.3%
-2.5%

Monthly Inflation3
-0.3%
-0.2%

Nominal Lending Rate
4.0-18.0%
4.0-16.3%

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
Global
investors
reduced
their
holdings
of
investments in both emerging and frontier markets in
November 2015. This was largely due to expectations
of a hike in interest rates in the United States of
America.
In line with these developments, most of the major
African stock markets recorded losses due to portfolio
investment outflows. The losses were recorded as
follows: Egypt, 14.5%; South Africa, 6.2% and
Nigeria, 3.9%. The Kenyan stock market, however,
registered a gain of 4.5%.
The Zimbabwe Stock Exchange (ZSE) continued on
a downward trend, with both the mining and
industrial indices registering declines during the
month of November 2015. The industrial index
declined from 130.8 points in October 2015 to 117.6
points in November 2015. Over the same period, the
mining index fell from 23.6 points to 22.3 points.


Trading volumes, however, rose from 63.8 million
shares in October 2015, to 90.4 million shares in
November 2015. Over the same period, turnover
declined from US$12.9 million to US$8.9 million.


Source: Zimbabwe Stock Exchange, 2015

30-Jan-13
30-Mar-13
30-May-13
30-Jul-13
30-Sep-13
30-Nov-13
31-Jan-14
31-Mar-14
31-May-14
31-Jul-14
30-Sep-14
30-Nov-14
31-Jan-15
31-Mar-15
31-May-15
31-Jul-15
30-Sep-15
30-Nov-15
Figure 1: ZSE Indices
Industrial
Mining

03-Jun-15
13-Jun-15
23-Jun-15
03-Jul-15
13-Jul-15
23-Jul-15
02-Aug-15
12-Aug-15
22-Aug-15
01-Sep-15
11-Sep-15
21-Sep-15
01-Oct-15
11-Oct-15
21-Oct-15
31-Oct-15
10-Nov-15
20-Nov-15
30-Nov-15
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, 2015


MONTHLY ECONOMIC REVIEW

The negative trading on the ZSE, coupled with losses
recorded in some blue chip counters, resulted in the
ZSE
market
capitalisation
declining
to
US$3.14
billion
in
November
2015,
from
US$3.42 billion in October 2015.
MONETARY DEVELOPMENTS
Annual growth in money supply surged to 7.5% in
November 2015, from 3.2% in October 2015. On a
monthly basis, broad money increased by 3.1% to
US$4 745.2 million in November 2015. The increases
partly reflected a marked improvement in confidence
in the banking sector.

Source: Reserve Bank of Zimbabwe, 2015
The growth in annual broad money was on account of
increases in savings deposits, 12.2%; demand
deposits, 11.8%; and long term deposits, 9.8%. Short
term deposits, however, declined by 10.9%.
The composition of deposits was as follows: demand,
51%; long term, 21%; short term, 15% and savings
deposits, 14%, as shown in Figure 4 below.


The year-on-year growth in total banking sector credit
increased to 23% in November 2015, from 20% in
October 2015. On a monthly basis, banking sector
credit increased by 2.9% in November 2015 to
US$5 345.3 million, from US$5 196.7 million in
October 2015.
Annual growth in credit to the private sector stood at
2.0% in November 2015, up from 1.9% in October
2015. Month-on-month, credit to the private sector
increased by 1.1% to US$3 901.6 million in
November 2015.
The sectorial distribution of private sector credit was
as follows: agriculture (22.5%); services including
tourism
(15.3%);
distribution
(15.2%);
manufacturing (14.8%); mining (5.3%); transport and
communications (3.1%); and construction (1.0%).
Credit to households stood at 18.8% in November
-2


Mar
May
Jul
Sep
Nov
Jan
Mar
May
Jul
Sep
Nov
Jan
Mar
May
Jul
Sep
Nov
%
US$ BILLIONS
Figure 3: Money Supply
Figure 3: Money Supply
M3
M3 Annual Growth (RHS)
Short Term
15%
Long Term
21%
Demand
51%
savings
13%Figure 4: Banki
Figure 4: Banking Sector DepositsNovember 20
November 2015
Source: Reserve Bank of Zimbabwe, 2015


MONTHLY ECONOMIC REVIEW

2015, partly reflecting the dominance of consumptive
borrowing in the economy.

Source: Reserve Bank of Zimbabwe, 2015
In terms of proportions, the usage of private sector
credit was as follows: asset purchases, 41.6%;
inventory build-up, 35.9%; consumer durables,
13.8%; and vehicle purchases, 3.4%. Notably, funds
utilized for capital development remained low at
4.3% of total loans and advances.
INFLATION OUTTURN

Annual Inflation

The annual inflation rate registered a 0.83 percentage
points rebound, from -3.29% in October 2015 to
-2.46% in November 2015, largely driven by
increases in non-food prices. Annual inflation
remained in negative territory due to the continued
downward correction of prices, coupled with subdued
aggregate demand. Figure 6 below depicts inflation
developments for the period November 2013 to
November 2015.


Source: ZIMSTAT, 2015
The year-on-year food inflation stood at -3.9% in
November 2015, a marginal increase from the
October 2015 rate of -4.0%. Upward movements in
prices were recorded for the following food subcategories: bread and cereals; meat; vegetables and
oils and fats. Price declines were recorded for milk,
cheese and eggs; fish and sea food and non-alcoholic
beverages.
Annual non-food inflation accelerated from -3.0% in
October 2015 to -1.8% in November 2015. The gain
was largely driven by increases in the education
subcategory. Declines in housing, water, electricity,
gas and other fuels; furniture, household equipment
and maintenance; and communication, however,
partially offset the increase.
Loans & Advances
88.98%
Bills
Discounted
1.06%
Bankers
acceptances
0.26%
Other
investments
2.22%
Mortgages
7.48%Figure 5: Credit to Private Sector
Figure 5: Credit to Private SectorNovember 2015
November 2015


Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Figure 6: Annual Inflation
(%)
Headline Inflation
Food
Non Food


MONTHLY ECONOMIC REVIEW

Monthly Inflation
The month-on-month inflation rate for November
2015 accelerated to 0.2%, from -0.3% in October
2015. The increase in monthly inflation was driven by
both food and non-food inflation.
Monthly food inflation rose from -0.53% in October
2015 to 0.04% in November 2015. This was on
account of increases in meat, vegetables and fruit subcategories.
Month-on-month, non-food inflation stood at 0.22%
in November 2015, up from -0.17% in October 2015.
The increase was largely driven by the education
subcategory.
NATIONAL PAYMENTS SYSTEM

Zimbabwe Electronic Transfer Settlement
System (ZETSS)

The value of transactions processed through the
RTGS system decreased by 10% to US$3.55 billion,
in November 2015, from US$3.96 billion in October
2015. Over the same period, the volume of
transactions registered a decrease of 8.3%, from
156 428 to 143 435 transactions.

Mobile and Internet Based Transactions

The total value of mobile and internet based
transactions declined from US$585.7 million in
October 2015, to US$571.3 million in November
2015.
Source: Reserve Bank of Zimbabwe, 2015

Card Based Transactions

Card
based
transactions
declined
from
US$484.3
million
in
October
2015,
to
US$477.9 million in November 2015.

Cheque Transactions

The value of cheque transactions registered a
US$0.2 million increase, from US$11.8 million in
October 2015 to US$12.0 million in November 2015.

RESERVE BANK OF ZIMBABWE
DECEMBER 2015

Nov-12
Mar-13
Jul-13
Nov-13
Mar-14
Jul-14
Nov-14
Mar-15
Jul-15
Nov-15
-

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

MONTHLY ECONOMIC REVIEW
Statistical Tables


1. Monetary Statistics

1.1 Monetary Aggregates

1.2 Broad Money Survey

1.3 Analysis of Monthly Changes in Money Supply

1.4 Analysis of Yearly Changes in Money Supply

2. Sectoral Analysis of Bank Loans and Advances and Deposits

2.1 Sectoral Analysis of Commercial Banks Loans and Advances 12

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


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

TABLE 1.1 : MONETARY AGGREGATES
US$ Thousands

MONTHLY ECONOMIC REVIEW

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

Assets

Reserve Bank (RBZ)

Deposit Money Banks (DMBs)

Other Banking Institutions (OBIs) \1

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)

1. Building societies and P. O. S. B.
2. Sign reversal.
TABLE 1.2 : BROAD MONEY SURVEY
US$ Thousands

MONTHLY ECONOMIC REVIEW

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

Assets

Reserve Bank (RBZ)

Deposit Money Banks (DMBs)

Other Banking Institutions (OBIs) \1

Liabilities \2

RBZ

DMBs

OBIs

NET DOMESTIC ASSETS \3

DOMESTIC CREDIT

Claims on Government (net)

RBZ

DMBs

OBIs

Claims on Public Enterprises

RBZ

DMBs

Agri-PEs

Other

OBIs

Claims on Private Sector

RBZ

DMBs

OBIs

OTHER ITEMS (NET)

BROAD MONEY (M3)

Broad Money (M3)

Domestic Credit

Claims on Private Sector

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

MONTHLY ECONOMIC REVIEW

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

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

May

Jun

Jul

Aug

Sep

Oct

Nov

TABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES/1
$ Thousands


MONTHLY ECONOMIC REVIEW

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

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

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
Short-Term External Debt

1,198
1,382
1,289

1,564
2,394
Supplier's Credits

Reserve Bank

Private

1,807
Total External Debt

Gross Domestic Product

External Debt / GDP

SOURCE: Ministry of Finance and Reserve Bank of Zimbabwe
TABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS)


MONTHLY ECONOMIC REVIEW

End Period
Nominal Lending Rates 2
Individuals
Corporate

Jan
6.00-35.00
14.09
9.30
Feb
6.00-35.00
14.08
9.32
Mar
6.00-35.00
14.24
9.27
Apr
6.00-35.00
14.22
9.12
May
6.00-35.00
14.39
9.25
Jun
6.00-35.00
14.44
9.33
Jul
6.00-35.00
14.33
9.45
Aug
6.00-35.00
14.28
9.45
Sep
6.00-35.00
14.45
9.57
Oct
6.00-35.00
14.36
9.90
Nov
6.00-35.00
14.26
9.97
Dec
6.00-35.00
14.19
9.68

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
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
3.00-20.00
Feb
0.15-8.00
3.00-20.00
Mar
0.15-8.00
3.00-20.00
Apr
0.15-8.00
3.00-20.00
May
0.15-8.00
3.00-20.00
Jun
0.15-8.00
3.00-20.00
Jul
0.15-8.00
3.00-20.00
Aug
0.15-8.00
4.00-20.00
Sep
0.15-8.00
4.00-20.00
Oct
0.15-8.00
4.00-20.00
Nov
0.15-8.00
4.00-20.00
Dec
0.15-8.00
3.00-20.00

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
* 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 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 TION
R EC R EA TION &
ED U C A TION
R ES TA U R A N TS &
M IS C .
TOTA L N ON
FOOD &
ITEM S
& TOB A C C O
FOOTWEA R
ELEC TR IC TY ,
GA S
A N D
C U LTU R E
HOTELS
GOOD S &
FOOD
N ON A LC OHOLIC
B EV ER A GES
& OTHER
EQU IPM EN T
S ER V IC ES
FU ELS
WEIGHTS


OC TOB ER

N OV EM B ER

D EC EM B ER


JA N U A R Y

FEB R U A R Y

M A R C H

A PR IL

M A Y

JU N E

JU LY

A U GU S T

S EPTEM B ER

OC TOB ER

N OV EM B ER

D EC EM B ER


JA N U A R Y

FEB R U A R Y

M A R C H

A PR IL

M A Y

JU N E

JU LY

A U GU S T

S EPTEM B ER

OC TOB ER

N OV EM B ER

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

JA N U A R Y

FEB R U A R Y

M A R C H

A PR IL

M A Y

JU N E

JU LY

A U GU S T

S EPTEM B ER

OC TOB ER

N OV EM B ER

D EC EM B ER

JA N U A R Y

FEB R U A R Y

M A R C H

A PR IL

M A Y

JU N E

JU LY

A U GU S T

S EPTEM B ER

OC TOB ER

N OV EM B ER

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

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES
1. Fo reign currency per US Do llar.
2. US Do llar per unit o f fo reign currency.


MONTHLY ECONOMIC REVIEW

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

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

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

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

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
at Banks
RBZ
Banks
Foreign Banks
Bills
Bills

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

US$ Millions
TABLE 8.1 : ACCEPTING HOUSES - ASSETS
Liquid Assets
Securities


MONTHLY ECONOMIC REVIEW

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

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

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
at Banks
at Banks
Banks
Bills

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

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

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

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

July

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Indices
Table 10: ZIMBABWE STOCK MARKET STATISTICS


MONTHLY ECONOMIC REVIEW

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

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

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

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

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
3955.45
11.72
125.81

312.35
101.75
Aug

Sep

Oct

Nov

Dec

Annual Total


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

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

May

Jun

Jul

Aug

Sep

Oct

Nov

TABLE 13.2 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY
Volumes of Transactions (in thousands)