[Date]


February 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 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

January

February
Month-on-
Month
Change
Z.S.E. Mining Index1
58.13
55.38
-4.73%
Z.S.E. Industrial Index1
164.90
167.16
1.37%
*Money Supply (US$)2
4 340.13 million 4 337.89 million
2.24 million
*Money Supply (M3) Annual Growth2
11.61%
7.86%
-0.05%
Yearly Inflation3
-1.28%
-1.40%
-0.07%
Nominal Lending Rate
6.00-35.00%
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

In February 2015, the major international stock
markets recorded gains despite worries over global
economic growth. Despite the Greek debt crisis,
Europe’s major stock markets also registered gains.
Developments in the African equity markets
continued to be mixed, with South Africa, Kenya and
Nigeria recording gains whilst Egypt fell by 5.2%.
The postponement of Nigeria’s presidential elections
to March 2015, did not impact on trading, as the
bourse recorded gains.
Trading on the Zimbabwe Stock Exchange (ZSE)
continued to be mixed. The industrial index gained
1.37% to 167.16 points in February 2015 from 164.90
points in January 2015, largely buoy by gains in
heavyweight counters.
Over the same period, the mining index fell by 4.73%,
from 58.13 points in February 2015 to 55.38 points in
January. This was largely due to losses recorded by
Riozim, 33.33%; and Falgold, 16.67%.


Trading volumes recovered to 119.32 million shares
in February, from 55.36 million shares in January,
largely driven by special bargain deals in Delta,
Econet and Mashonaland Holdings shares. During the
same period, the value of shares traded rose to
US$34.78 million from US$16.26 million in January.
The value of shares traded was higher in February
2015 because trading was largely concentrated in
heavily capitalized counters.

Source: Zimbabwe Stock Exchange
During the month under review, market capitalization
closed at US$4 353.38 million, 0.27% lower than the
US$4 365.14 million in January 2015.
MONETARY DEVELOPMENTS

Broad money declined marginally from US$4 340.17
million in January 2015 to US$4 337.89 million in the
month of February 2015. On a year-on-year basis,
broad money registered a 7.86% increase from
US$4 021.78 million in February 2014. The growth
was, however, a slowdown of 3.75 percentage points
from 11.61% recorded in January.

30-May-12
30-Aug-12
30-Nov-12
28-Feb-13
31-May-13
31-Aug-13
30-Nov-13
28-Feb-14
31-May-14
31-Aug-14
30-Nov-14
28-Feb-15
Figure 1: ZSE Indices
Industrial
Mining

02-Feb-15
04-Feb-15
06-Feb-15
08-Feb-15
10-Feb-15
12-Feb-15
14-Feb-15
16-Feb-15
18-Feb-15
20-Feb-15
22-Feb-15
24-Feb-15
26-Feb-15
VALUES TRADED (US$ MILLIONS)
VOLUMES TRADED (MILLIONS)
Figure 2: ZSE: Daily Volumes and
Values Traded
Volume
Turnover
Source: Zimbabwe Stock Exchange


MONTHLY ECONOMIC REVIEW

Source: Reserve Bank of Zimbabwe
Largely contributing to the annual growth in broad
money were increases in long term deposits, of
32.28%; and savings, 13.80%. Demand deposits,
however, registered a decline of 0.21% over the same
period. Despite this decline, demand deposits
remained the dominant deposit category, 46% of total
deposits.

During the month under review, annual growth in
credit to the domestic economy recorded an increase
of 3.28%, from US$4 114.19 million in February
2014 to US$4 249.1 million. The growth partially
reflects an increase of 28.76% in net claims on
Government.
The increase in net claims on Government, was
driven by Treasury bills worth US$200 million issued
in 2014, as part of assumption of RBZ debt by
Government. On a monthly basis, net credit to
Government increased by 0.95%, from US$544.03
million in January to US$549.18 million in February
2015.
Annual growth in credit to the private sector stood at
0.11% in February 2015, compared to 1.57% in
January 2015. On a month on month basis, credit to
the private sector registered a marginal growth of
0.23%, from US$3 622.50 million in January to US$3
630.93 million in February 2015. Growth in credit to
the private has remained low, owing to a slowdown
in lending by banks which are grappling with high
non-performing loans.
During the month under review, loans and advances
constituted 81.44% of the total credit to the private
sector, followed by mortgages advanced by building
societies, 14.40%; other investments, 1.75%; bills
discounted, 1.49%; and bankers’ acceptances, 0.92%.

Source: Reserve Bank of Zimbabwe
-5


Aug
Oct
Dec
Feb
Apr
Jun
Aug
Oct
Dec
Feb
Apr
Jun
Aug
Oct
Dec
Feb
%
US$ BILLIONS
Figure 3: Money Supply
M3
M3 Annual Growth
Short
Term
18%
Long Term
23%
Demand
46%
Savings
13%
Figure 4: Banking Sector Deposits
February 2015
Loans&Advances
81.44%
Bills
Discounted
1.49%
Bankers
acceptances
0.92%
Other
investments
1.75%
Mortgages
14.40%
Figure 5: Credit to Private Sector
February 2015
Source: Reserve Bank of Zimbabwe


MONTHLY ECONOMIC REVIEW

Sectorally, credit was mainly channeled to agriculture
(18.48%);
manufacturing
(15.64%);
services
(15.73%); distribution (15.15%); mining (7.27%);
financial (4.73%); transport and communications
(3.25%); and construction (1.43%). Households
accounted for 18.48% of total credit to the private
sector.
Credit to the private sector was mainly utilised for
asset purchases, 46.95%; and inventory build-up,
33.13%. Loans and advances utilised for capital
investment remained low, with the procurement of
plant and equipment accounting for 3.64% and pre
and post shipment financing at 0.66% of total loans
and advances.
INFLATION OUTTURN

Annual Inflation

Annual headline inflation, which has been in the
negative territory since October 2014, continued on a
downward
trend,
registering
a
rate
of
-1.40% in February 2015, from -1.28% in January
2015. The downward trend in prices largely reflects
the slowdown in economic activity.

Source: Zimbabwe Statistics Agency
Annual food inflation remained in the negative
territory, at -2.87% in February 2015, down from
-2.74% in January 2015. The deceleration in annual
food inflation is largely attributed to the decline in the
prices of vegetables; bread and cereals; oils and fats;
coffee, tea and cocoa; sugar, jam, honey and
chocolate; and meat, among others.
Spaghetti, macaroni, loose biscuits and breakfast
cereals were the main drivers in the bread and cereals
sub-category, while cabbages, onions, potatoes and
tomatoes weighed down annual food inflation in
February 2015.
The decline in food inflation in the domestic economy
is consistent with movements in world food prices, as
measured by the FAO Food Price Index, which fell by
14% from 208.6 points in 2014 to 179.4 points in
February 2015.
The FAO Cereal Price Index, which captures bread
and cereal commodities, among others, also declined
from 198.6 points in February 2014 to 171.7 points in
February 2015.
Annual non-food inflation also declined to -0.68% in
February, from -0.57% in January 2015. This was
mainly driven by decreases in communication;
housing, electricity, water, gas and other fuels;
transport;
furniture
and
equipment;
alcoholic
beverages and tobacco; and recreation and culture,
among others.
The rationalization of voice call prices by operators
was in response to the POTRAZ’s call for
realignment with regional tariffs. The decline in the
prices of furniture and equipment, recreation and
cultural services can be attributed to the fall in
effective demand due to low disposable incomes.

Monthly Inflation

Month-on-month inflation stood at -0.07% in
February 2015, gaining 0.27 percentage points from
-0.34% in January 2015.
Monthly food inflation decelerated to 0.05% in
February 2015, from 0.40% in January 2015, on the


Feb-13
Mar-13
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
Figure 6: Annual Inflation
(%)
Headline Inflation
Food
Non Food


MONTHLY ECONOMIC REVIEW

back of declines in the prices of meat, oils and fats as
well as mineral waters, soft drinks, fruit and vegetable
juices. The decline in the prices of food is partly
attributed to the effect of competition from cheaper
imports.
Monthly non-food inflation, whilst remaining in the
negative territory, increased from -0.69% in January
2015 to -0.13% in February 2015, mainly driven by
increases in alcoholic beverages and tobacco, largely
on account of tobacco excise duty increases
announced in the 2015 National Budget.
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 large impact on the
bread and cereals subcategory.
Inflation developments in the domestic economy will
continue to be influenced by international oil prices,
US$/rand exchange rate, world food prices,
performance of the agriculture sector as well as the
level of aggregate demand in the economy.
NATIONAL PAYMENTS SYSTEM

Zimbabwe Electronic Transfer Settlement
System (ZETSS)

The value of transactions processed through the
RTGS system in February 2015 decreased by 12% to
US$3.2 billion from US$3.7 billion recorded in
January 2015. The volume of transactions, however,
registered an increase of 1% from 170 774 to 172 247
in the same period.
Source: Reserve Bank of Zimbabwe

Card Based Transactions

The total value of card based transactions declined to
US$417.59 million in February 2015, compared to
US$466.37 million in January 2015.
Mobile and Internet Based Transactions

The total value of mobile and internet based
transactions were also lower at US$439.24 million in
February 2015, from US$465.64 million in January
2015.
Cheque Transactions

The value of cheque transactions stood at
US$13.69 million in February 2015, up from
US$11.69 million in January 2015.
RESERVE BANK OF ZIMBABWE
APRIL 2015

Feb-12
Jun-12
Oct-12
Feb-13
Jun-13
Oct-13
Feb-14
Jun-14
Oct-14
Feb-15
-

VALUE IN US$ BILLIONS
VOLUME IN THOUSANDS
Figure 7: ZETSS Volumes and
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. Building Societies

8.1 Assets

8.2 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


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

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

TABLE 1.2 : BROAD MONEY SURVEY
US$ Thousands


MONTHLY ECONOMIC REVIEW

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

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


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

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

TABLE 2.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS
US$ Thousands


MONTHLY ECONOMIC REVIEW

End Pe rio d

( US $ 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 Rates

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
Notes
3. Lending rates exclude rates on staff loans.
TABLE 4.1 LENDING RATES (percent per annum)

2. Nominal Lending Rates depict the range of rates quoted by banks.
Commercial Banks
Weighted Average Lending Rates

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
* The range of rates qouted by banks during the period.
TABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)*
COMMERCIAL BANKS


MONTHLY ECONOMIC REVIEW

FOOD INFLATION
ALL
A LCOHOLIC
B EVER A GES
C LOTHIN G
HS IN G, WATER,
FU RN ITUR E
HEA LTH
TR AN S POR T
COM M U NIC A TION
R EC R EATION &
ED U CA TION
R ES TA UR A NTS &
M IS C .
TOTAL N ON
FOOD &
ITEM S
& TOB A CC O
FOOTWEA R
ELECTR ICTY ,
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
EQUIPM EN T
S ER VIC ES
FU ELS
WEIGHTS


OCTOB ER

N OV EM B ER

D EC EM B ER


JAN U AR Y

FEB R UA R Y

M A R C H

A PR IL

M A Y

JUN E

JULY

A UGU S T

S EPTEM B ER

OCTOB ER

N OV EM B ER

D EC EM B ER


JAN U AR Y

FEB R UA R Y

N ON - FOOD IN FLATION
TABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX
( DECEMBER 2012 = 100)


MONTHLY ECONOMIC REVIEW

FOOD
INFLA TION
ALL
A LC OHOLIC
B EVER AGES
C LOTHIN G
HS IN G,
WA TER,
FU RN ITUR E
HEALTH
TRAN S POR T
C OM M UNIC A
TION
R EC REATION
&
EDUC ATION
R ES TA UR AN
TS &
M IS C.
TOTAL N ON
FOOD &
ITEM S
& TOB A CCO
FOOTWEA R
ELEC TR ICTY ,
GAS
A ND
CULTURE
HOTELS
GOODS &
FOOD
NON
A LC OHOLIC
B EV ER AGES
& OTHER
EQUIPM EN T
S ERV ICES
FU ELS
WEIGHTS

S EPTEM B ER

OC TOB ER

NOVEM B ER

DECEM B ER

JA NU ARY

FEB R UAR Y

M AR CH

APRIL

M AY

JU NE

JU LY

AU GUS T

S EPTEM B ER

OC TOB ER

NOVEM B ER

DECEM B ER

JA NU ARY

FEB R UAR Y

NON- FOOD IN FLATION
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

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

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

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


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

Liquid Assets
Securities
TABLE 8.1 : 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

Deposits
TABLE 8.2 : 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

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

TABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS
US$ Millions


MONTHLY ECONOMIC REVIEW

Liquid
Prescribed
Excess
assets
liquid
liquid
End of
held
assets/1
assets

Jan
1,417.0
1,007.9
409.0
Feb
1,466.6
1,045.6
421.0
Mar
1,512.9
1,059.2
453.7
Apr
1,608.4
1,098.5
510.0
May
1,700.6
1,116.7
583.9
Jun
1,716.1
1,123.4
592.7
Jul
1,553.7
1,089.0
464.7
Aug
1,618.6
1,111.6
507.0
Sep
1,664.2
1,129.4
534.7
Oct
1,644.7
1,135.7
508.9
Nov
1,602.2
1,110.5
491.7
Dec
1,571.0
1,107.9
463.1

Jan
1,335.6
1,084.2
251.4
Feb
1,307.5
1,070.2
237.3
US$ Millions
TABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS
Commercial Banks


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

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

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

MONTHLY ECONOMIC REVIEW