[Date]


March 2015


i

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

MONTHLY ECONOMIC REVIEW

February

March
Month-on-
Month
Change
Z.S.E. Mining Index1
55.38
43.92
-20.69%
Z.S.E. Industrial Index1
167.16
158.22
-5.35%
*Money Supply (US$)2
4 337.89 million 4 370.32 million
32.43 million
*Money Supply (M3) Annual Growth2
7.86%
6.75%
-0.05%
Yearly Inflation3
-1.40%
-1.20%
-0.03%
Nominal Lending Rate
4.30-33.50%
4.30-33.50%

Sources:
1 Zimbabwe Stock Exchange (ZSE)
2 Reserve Bank of Zimbabwe (RBZ)
3 Zimbabwe National Statistics Agency
(ZIMSTAT)
* Provisional figures


SELECTED ECONOMIC INDICATORS


MONTHLY ECONOMIC REVIEW

STOCK MARKET DEVELOPMENTS
Major international stock markets recorded mixed
trading in March 2015. US stock markets recorded
losses, whilst European stocks registered gains. The
gains
in
European
stocks
followed
the
implementation of Quantitative Easing by the
European Central Bank, which further suppressed
interest rates, thereby, boosting stock prices.
The major African stock markets registered losses,
with the exception of Nigeria which gained 5.5%. In
line with most other African stock markets, the
Zimbabwe stock market was also in decline, during
the period under review. The industrial index fell
from 167.16 points in February 2015 to 58.22 points
in March 2015. Over the same period, the mining
index
also
declined
from
55.38
points
to
43.93 points.


The decline in the industrial index was largely due to
the bearish sentiments that were prevailing in the
market. These sentiments resulted in losses, mainly in
the heavyweight counters. The decline in the mining
index was largely driven by losses in Bindura and
Riozim.

Trading volumes rose by 240.15% to 405.89 million
shares in March 2015, from 119.32 million shares in
February. Developments in the volume of shares
traded were largely influenced by special bargain
trades in Dawn, as well as notable trades in Zimplow,
Econet, CBZ and Innscor. Over the same period,
however,
market
turnover
declined
from
US$34.78 million to US$18.90 million.

Source: Zimbabwe Stock Exchange
Reflecting losses that were incurred by heavily
capitalized counters, market capitalization fell from
US$4 353.38 million in February 2015, to
US$4 117.08 million in March 2015.

30-Jun-12
30-Sep-12
31-Dec-12
31-Mar-13
30-Jun-13
30-Sep-13
31-Dec-13
31-Mar-14
30-Jun-14
30-Sep-14
31-Dec-14
31-Mar-15
Figure 1: ZSE Indices
Industrial
Mining

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


MONTHLY ECONOMIC REVIEW

MONETARY DEVELOPMENTS

Broad money supply was US$4 370.32 million in
March 2015, up from US$4 337.89 million in
February 2015. The annual growth of broad money,
however, decelerated from 7.86% in February 2015
to 6.75% in March 2015.

Source: Reserve Bank of Zimbabwe
Contributing to the annual growth in broad money
were increases in long term deposits, of 29.29%;
savings deposits, 9.97%; and demand deposits,
2.19%. Short term deposits, however, registered a
decline of 2.58% over the same period. The structure
of deposits remained largely the same with demand
deposits accounting for 48.51%; long term, 20.32%;
short term, 18.53%; and savings deposits, 12.61%.


The annual growth in bank credit to the domestic
economy recorded an increase of 4.57%, to
US$4 371.03 million in March 2015, from
US$4 180.11 million in March 2014.
Growth in credit to the private sector registered an
annual increase to 4.20% in March 2015, from 0.11%
in February 2015. On a month-on-month basis, credit
to the private sector grew from US$3 630.93 million
in February 2015, to US$3 761.81 million in March
2015.
During the month under review, loans and advances
constituted 81.86% of the total credit to the private
sector, followed by mortgage advanced by building
societies, 13.50%; other investments, 2.35%; bills
discounted, 1.38%; and bankers’ acceptances, 0.84%.
-5


Sep
Nov
Jan
Mar
May
Jul
Sep
Nov
Jan
Mar
May
Jul
Sep
Nov
Jan
Mar
%
US$ BILLIONS
Figure 3: Money Supply
Figure 3: Money Supply
M3
M3 Annual Growth
Short
Term
19%
Long Term
20%
Demand
48%
Savings
13%Figure 4: Banking Sector Deposits
Figure 4: Banking Sector DepositsMarch 2015
March 2015
Source: Reserve Bank of Zimbabwe


MONTHLY ECONOMIC REVIEW

Source: Reserve Bank of Zimbabwe
Sectorally, credit was mainly channelled to services
(21.66%); agriculture (18.22%); manufacturing
(15.77%); distribution (14.87%); mining (6.75%);
transport
and
communications
(3.08%);
and
construction (1.39%). Consumptive borrowing by
households accounted for 18.26% of total credit to the
private sector.
Credit to the private sector was mainly utilized for
asset purchases, 47.65%; inventory build-up, 32.57%;
consumer durables, 11.38%; and vehicles, 2.90%.
Loans and advances utilized for capital investment
remained low, with the procurement of plant and
equipment accounting for 3.59%, land development,
1.06%; and office equipment, 0.07% of total loans
and advances.

INFLATION OUTTURN

Annual Inflation
Annual headline inflation remained in negative
territory for the sixth consecutive month since
October 2014. It, however, gained 0.2 percentage
points to -1.2% in March 2015, from -1.4% in
February 2015.

Source: Zimbabwe Statistics Agency
Annual food inflation also remained in negative
territory at -2.74% in March 2015, from -2.87% in
February 2015. The decline in annual food prices
reflected decreases in prices of almost all items in the
food basket.
The price of bread declined in response to depressed
demand as reflected by the fall in daily bread sales
from a million loaves in 2014 to 800 000 loaves in
2015. In addition, the introduction of bond coins in
December 2014 also provided small change, which
also led to the general reduction in prices.

Loans & Advances
81.86%
Bills
Discounted
1.38%
Bankers
acceptances
0.84%
Other
investments
2.35%
Mortgages
13.57%Figure 5: Credit to Private Sector
Figure 5: Credit to Private SectorMarch 2015
March 2015


Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
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
Figure 6: Annual Inflation
(%)
Headline Inflation
Food
Non Food


MONTHLY ECONOMIC REVIEW

Annual non-food inflation also declined to -0.44% in
March, from -0.68% in February 2015. The decline
was
largely
on
the back
of
decreases in
communication, furniture and equipment, transport,
recreation and culture, restaurants and hotels, among
others. Partially offsetting the decrease in annual nonfood inflation were increases alcoholic beverages and
tobacco, rentals for housing, as well as education.
The rationalization of voice call prices by operators
in response to POTRAZ’s call for realignment of
tariffs with regional levels partly contributed to the
decline in communication prices.
Against the background of constrained consumer
spending, items such as furniture and equipment,
recreation and cultural services, are relegated to
periphery of consumer needs. As a result, prices fell
in response to a decline in effective demand.

Monthly Inflation
Month-on-month inflation stood at -0.03% in March
2015, from -0.07% in February 2015. There were no
significant changes in both food and non-food
inflation. Declines were registered in the prices of
clothing and footwear, as well as housing, water,
electricity gas, and other fuels categories.
On a month to month basis prices for menswear and
babycare products recorded the largest declines. The
prices of household fuels, such as gas and charcoal
also recorded declines from the February 2015 levels.
Partially offsetting the declines, were increases in the
prices of bread and cereals category; milk, cheese and
eggs; and confectionary items, among others. The
falling maize stock levels in the country resulted in
the increase in the price of mealie meal and other
starch sources, which also had a significant impact on
the bread and cereals subcategory.


NATIONAL PAYMENTS SYSTEM

Zimbabwe Electronic Transfer Settlement
System (ZETSS)
The value of transactions processed through the
RTGS system increased by 18% to US$3.8 billion in
March 2015, from US$3.2 billion in February 2015.
The volume of transactions registered an increase of
11%, from 172 247 to 191 637 during the same
period.
Source: Reserve Bank of Zimbabwe

Card Based Transactions
The total value of card based transactions was
US$430.27 million in March 2015, up from
US$417.59 million in February 2015.


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

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


MONTHLY ECONOMIC REVIEW

Mobile and Internet Based Transactions

The total value of mobile and internet based
transactions also increased to US$476.38 million in
March 2015, from US$439.24 million in February
2015.

Cheque Transactions

The value of cheque transactions stood at
US$11.11 million in March 2015, down from
US$13.69 million in February 2015.


RESERVE BANK OF ZIMBABWE
MAY 2015

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


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

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

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

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

Dec


Jan

Feb

Mar

/1 Including the only merchant bank still in operation.
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

DECEMBER


JANUARY

FEBRUARY

MARCH

/1 Including the only merchant bank still in operation.
TABLE 2.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS
US$ Thousands


MONTHLY ECONOMIC REVIEW

End Pe rio d

( U S $ millio ns )
Lo ng - Te rm Ext e rnal D e b t

Go ve rnme nt

Bilateral Creditors


Multilateral Creditors

Private Creditors

Pub lic Ent e rp ris e s


Bilateral Creditors

1,155
Multilateral Creditors

Private Creditors

M o ne t ary A ut ho rit ie s

Multilateral Creditors - IMF

Privat e
16 2

6 7

4 1

4 5

3 5


S ho rt - Te rm Ext e rnal D e b t


Supplier's Credits

Reserve Bank

Private

1,807
To t al Ext e rnal D e b t

Gro s s D o me s t ic Pro d uc t

Ext e rnal D e b t / GD P

SOURCE: M inistry 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 Rates2
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
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
* 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

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

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

D EC EM B ER

JA N U A R Y

FEB R U A R Y

M A R C H

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

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

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

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

Dec


Jan

Feb

Mar

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

Dec


Jan

Feb

Mar

TABLE 7.2: COMMERCIAL BANKS - LIABILITIES
US$ Millions
Amounts Owing to


MONTHLY ECONOMIC REVIEW

Loans &
Contigent
Other
Non Financial
TOTAL
End of
Notes
Total
Other Balances
Advnces
Assets
Assets
Assets
&
Balances
Balances
Balances
Liquid
with RBZ
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

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

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

Dec


Jan

Feb

Mar

Amounts Owing to
TABLE 8.2 : ACCEPTING HOUSES - LIABILITIES
US$ Millions


MONTHLY ECONOMIC REVIEW

Mortgage
Other
Other
Non Financial
TOTAL
End of
Notes
Total
Other Balances
Advances
Advances
Assets
Assets
&
Balances
Nostro
with RBZ/1
Coin
with Other
Balances
Trade
Treasury
Agris Pes
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

Dec


Jan

Feb

Mar

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

Dec


Jan

Feb

Mar

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

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

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

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

Jul

Aug

Sep

Oct

Nov

Dec

Annual Total


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

TABLE 13.1 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY
Values of Transactions (US$ millions)


MONTHLY ECONOMIC REVIEW

MONTH
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jul

Aug

Sep

Oct

Nov

Dec

Annual Total


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Annual Total


Jan

Feb

Mar

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