i


FEBRUARY 2024

TABLE OF CONTENTS


OVERVIEW
Annual headline inflation rose to 47.6% in
February 2024 from 34.8% in January 2024.
This was, partly, attributable to the depreciation
of the local currency against major currencies
and the second-round effects on new tax
measures.


On a monthly basis, broad money increased by
38.86% in February 2024, compared to 54.63%
in the previous month. The increase in broad
money was largely attributable to valuation
changes arising from exchange rate movements
coupled with expansion in the quantum of
foreign currency deposits.


The Zimbabwe Stock Exchange (ZSE) was
bearish during the month of February 2024.
The All Share, Top 10 and Top 15 indices lost
3.16%, 4.29% and 7.7%, respectively.

The Victoria Falls Stock Exchange (VFEX)
continued to trade in a negative trajectory in
February 2024. The All-Share index decreased
by 3.83% to close at 98.59 points, from 102.52
points registered in February 2024.


In value terms, transactions processed through
the National Payment Systems (NPS) increased
by 36% from ZW$58.35 trillion in January
2024 to ZW$79.13 trillion in February 2024.

NPS transaction volumes decreased by 5% to
61.95 million in the reporting month from
64.97 million in February 2024.

On the external front, export earnings for
February 2024 stood at US$644.0 million, up
47.8% from US$435.9 million in February
2023, driven by increases in gold, PGM and
tobacco exports. The country’s import bill for
February 2024 amounted to US$725.4 million,
up from US$623.5 million recorded in
February 2023.

Regarding global prices, the average prices of
platinum, palladium, copper, gold, and lithium
declined, while nickel and crude oil prices
registered increases in February 2024.

INTERNATIONAL COMMODITY
PRICE DEVELOPMENTS
International
prices
for
gold,
platinum,
palladium, copper, and lithium retreated, while
those for nickel and Brent crude oil firmed
during the month of February 2024. Prices for
most of the commodities were subdued as the
U.S. dollar strengthened. Table 1 shows the
developments in international prices for
selected commodities, during the month under
analysis.

Table 1: International Commodity Prices
for January and February 2024
Commodity
Jan-24
Feb-24
Monthly
changes (%)
Gold
US$/oz
2,034.61
2,024.21
-0.51
Platinum
US$/oz
925.93
894.81
-3.36
Palladium
US$/ounce
979.52
938.31
-4.21
Copper
US$/tonne
8,458.66
8,410.88
-0.56
Nickel
US$/tonne
16,352.41
16,582.14
1.40
Brent Crude
oil
US$/barrel
79.05
81.5
3.11
Lithium
US$/tonne
14,650.45
13,249.05
-9.57
Source: Bloomberg, 2024
Gold
Gold prices
declined by 0.51%, from
US$2,034.61 per ounce in January 2024 to
US$2,024.21 per ounce in February 2024. The
decline was due to the higher-than-expected

U.S. inflation data, which prompted investors
to lower bets for early Federal Reserve interest
rate cuts.
Platinum
Platinum prices remained on a negative
trajectory during the reporting month, amid a
slowdown in industrial activities and growing
concerns about weak demand for the metal,
especially in China. As such, prices declined by
3.36%, from an average of US$925.93 per
ounce in the previous month to US$894.81 per
ounce in February 2024.
Palladium
Palladium prices fell by 4.21% to US$938.31
per ounce during the reporting month, from
US$972.52 per ounce recorded in January
2024. This was on account of the depressed
long-term demand outlook, coupled with the
impact of expectations for a steady supply. The
price trends of precious metals for the period
from February 2021 to February 2024 are
shown in Figure 1.
Figure 1: Monthly Precious Metal Prices (in
US$ per Ounce): Feb 2021 – Feb 2024

Source: Bloomberg, 2024

Brent Crude Oil
Brent crude oil prices firmed by 3.11%, from
an average of US$79.05 per barrel in January
2024 to US$81.50 per barrel in February 2024.
Prices increased as simmering tensions in the
Middle East overshadowed persistent inflation
in the U.S. The price developments of brent
crude oil for the period from February 2021 to
February 2024 are shown in Figure 2.

Figure 2: Brent Crude Oil Prices
(US$/Barrel) Feb 2021 – Feb 2024
Source: Bloomberg, 2024

Copper
Copper prices remained subdued, primarily due
to
apprehensions
surrounding
demand
prospects in China, the primary consumer of
the metal. Against this backdrop, the monthly
average price of the red metal, declined by
0.56%, from US$8,458.66 per tonne in the
preceding month to US$8,410.88 per tonne
during the month under analysis.

Nickel
Nickel prices increased by 1.40%, from a
monthly average of US$16,352.41 per tonne
recorded
in
the
previous
month
to
US$16,582.14 per tonne in February 2024.


Feb-21
Apr-21
Jun-21
Aug-21
Oct-21
Dec-21
Feb-22
Apr-22
Jun-22
Aug-22
Oct-22
Dec-22
Feb-23
Apr-23
Jun-23
Aug-23
Oct-23
Dec-23
Feb-24
US$/ounce
US$/ounce
Gold
Palladium
Platinum (RHS)

Feb-21
Apr-21
Jun-21
Aug-21
Oct-21
Dec-21
Feb-22
Apr-22
Jun-22
Aug-22
Oct-22
Dec-22
Feb-23
Apr-23
Jun-23
Aug-23
Oct-23
Dec-23
Feb-24
US$/barrel

Figure 3 shows base metal price developments
for the period from February 2021 to February
2024.
Figure 3: Base Metal Prices (US$/tonne):
Feb 2021 – Feb 2024
Source: Bloomberg 2024


Lithium
During the month of February 2024, lithium
prices declined by 9.57%, from US$14,650.45
per tonne in the prior month to US$13,249.05
per tonne. This was primarily driven by the
deceleration in China's demand for electric
vehicles. The price developments for lithium
for the period from February 2023 to February
2024 are shown in Figure 4.

Figure 4: Lithium Prices (US$/tonne)
February 2023 – February 2024
Source: London Metal Exchange, 2024

Merchandise Trade Developments
The country’s total merchandise trade for
February 2024 stood at US$1,369.4 million,
11.6% higher compared to US$1,226.7 million
recorded in the previous month. The increase in
total trade was attributable to increases in both
imports and exports during the reporting
month. On a year-on-year basis, total
merchandise trade rose by about 29.3%, from
US$1,059.3
million
recorded
in
the
corresponding month in 2023.

Merchandise Exports
During the month of February 2024, the
country exported merchandise worth US$644.0
million, representing an increase of 19.3% from
US$539.9 million recorded in January 2024.
The increase was supported by a rise in tobacco
and PGMs exports. Similarly, the monthly
exports for February 2024 were 47.8% higher
than the US$435.9 million recorded in the
corresponding month in 2023. Figure 5 shows
developments in the country’s merchandise
exports for the period from January 2023 to
February 2024.

Figure 5: Merchandise Exports (US$
millions): 2023 and 2024

Source: ZIMSTAT, 2024


Feb-21
Apr-21
Jun-21
Aug-21
Oct-21
Dec-21
Feb-22
Apr-22
Jun-22
Aug-22
Oct-22
Dec-22
Feb-23
Apr-23
Jun-23
Aug-23
Oct-23
Dec-23
Feb-24
US$/tonne
US$/tonne
Copper
Nickel (RHS)


Feb-23
May-23
Aug-23
Nov-23
Feb-24
US$/tonne

Merchandise Exports (US$m)

Exports by Commodity
The country’s exports continued to be
dominated by primary commodities, including
tobacco, gold, PGMs, and ferrochromium. In
terms of proportions to total exports, the
tobacco constituted 34.4%; gold, 19.9%;
PGMs, 24.9%; and Ferrochromium, 4.2% of
the export basket. Table 2 shows developments
in the country’s exports for the months of
January and February 2024.

Table 2: Major Exports (US$ millions)

Jan-24
(US$m)
Feb-24
(US$m)
Jan-Feb
Changes
(%)
Share of
Exports
(%) Feb-24
Total

Of Which:


Tobacco (incl
cigarettes)

PGMs*

Gold

Ferrochromium

Industrial
diamonds

Coal

Cotton

Granite

Electricity

Black tea

Source: ZIMSTAT & RBZ Calculations, 2024
*PGMs Include Nickel mattes, nickel ores &
concentrates and platinum

Export Markets
During the month under analysis, the country’s
exports were destined for South Africa
(28.8%), China (27.5%), United Arab Emirates
(22.5%) and other jurisdictions. Figure 6 shows
the country’s major export markets, during the
reporting month.


Figure 6: Top Ten Merchandise Export
Destinations (% Share)
Source: ZIMSTAT & RBZ Calculations, 2024

Merchandise Imports
The country’s import bill for February 2024
amounted to US$725.4 million, reflective of a
5.6% increase from US$686.9 million reported
in the previous month. Similarly, the reporting
month’s imports were higher than the
US$623.5 million recorded in the comparable
month in 2023, as shown in Figure 7.


Figure 7: Merchandise Imports (US$
millions): 2023 and 2024
Source: ZIMSTAT & RBZ Computations, 2023


South Africa
China
United Arab Emirates
Mozambique
Hong Kong
Zambia
Vietnam
Indonesia
India
United States


Imports by Commodity
During the month of February 2024, the
country's major imports consisted of diesel,
maize, leaded petrol, and machinery, which
accounted for 9.2%, 6.0%, 5.7%, and 5.5% of
total imports, respectively. Table 3 shows
imports of major commodities for January and
February 2024.

Table 3: Major Imports (US$ millions)

Jan-24
(US$
m)
Feb-24
(US$
m)
Jan - Feb
Changes
(%)
Share of
Total
Imports (%)
Feb 24
Total

Of Which:


Diesel

Maize

Leaded petrol

Machinery

Fertilizers

Wheat

Crude soya
bean oil

Rice

Electricity

Butanes,
liquefied

Source: ZIMSTAT & RBZ Calculations, 2024

Source Markets
During the month of February 2024, the
country sourced most of its imports from South
Africa which accounted for about 39.2% of
total imports, followed by China, the Bahamas,
United Arab Emirates, Mozambique, and
Zambia at 15.1%, 8.2%, 3.9%, 3.3% and 3.1%,
respectively. Figure 8 shows the country’s top
import sources in February 2024.


Figure 8: Top Ten Merchandise Import
Sources (% Share)
Source: ZIMSTAT & RBZ Calculations, 2024

Merchandise Trade Balance
The country's trade deficit amounted to
US$81.4 million in February 2024, compared
to US$147.0 million recorded in January 2024.
Similarly, the trade deficit for the reporting
month was lower, compared to the US$187.6
million recorded for the corresponding month
in 2023, as shown in Figure 9.

Figure 9: Merchandise Trade Balance (US$
millions)

Source: ZIMSTAT & RBZ Computations, 2024


South Africa
China
Bahamas
United Arab Emirates
Mozambique
Zambia
Mauritius
Bahrain
Singapore
Russian Federation

Jan-24
Feb-24
Exports
Imports
Trade Balance

MONETARY DEVELOPMENTS1
Total broad money (M3) amounted to
ZW$40.61 trillion in February 2024, compared
to ZW$29.25 trillion recorded in the previous
month.

Broad money supply was composed of foreign
currency deposits, 86.32%; local currency
deposits, 13.64%; and local currency in
circulation, 0.04%.

Figure 10: Composition of Money Supply
Source: Reserve Bank of Zimbabwe, 2024
On a monthly basis, broad money increased by
38.86% in February 2024, compared to 54.63%
in January 2024.

The monthly increase in money supply
reflected an expansion of 44.39% in the local
currency component and 11.80% in the foreign
currency component.

Credit to the private sector, increased by
ZW$8,257.58 billion to ZW$25,522.77 billion,
largely reflecting valuation changes owing to
exchange rate depreciation. Over the same

1 All monetary numbers are valued in ZW$ since the
adoption of an interbank market determined exchange
rate in February 2019.
period, net claims on Government increased by
ZW$4,359.50 billion, from ZW$8,146.92
billion, also reflecting the impact of exchange
rate depreciation on the legacy amounts paid on
behalf of Government.

On a yearly basis, broad money increased by
1,286.94% compared to 478.56% in February
2023. The annual growth in money supply
largely reflected exchange rate depreciation,
which moved from ZW$889.13/US$ in
February 2023 to ZW$14,912.83/US$ by endFebruary 2024. Expansion in foreign currency
deposits accounted for 1,130.73 percentage
points of the 1,286.94% annual growth in broad
money. The local currency component of the
money supply contributed 156.21 percentage
points of the total annual growth.

On the asset side, the annual increase in broad
money largely reflected nominal changes in
credit to the private sector and net claims on the
Government of 1,579.66% and 2,617.27%,
respectively.

Outstanding credit to the private sector was
mainly
channelled
to
households,
manufacturing, and agriculture which received
24.63%, 16.29%, and 15.41% of the total
credit,
respectively.
The
mining
and
distribution sectors received 12.76% and
10.69% of the total outstanding credit,
respectively.

Private sector credit shares by economic sectors
are shown in Figure 11.

NCDs, 0.02%
Local Currency Time
, 1.76%
FX Time Deposits,
5.15%
Local Currency
Transferable ,
11.85%
FX
Transferable
Deposits,
81.18%
Currency in
Circulation,
0.04%

Figure 11: Distribution of Private Sector
Credit

Source: Reserve Bank of Zimbabwe, 2024

Credit to the private sector was largely utilized
for recurrent expenditures, 31.44%; inventory
build-up,
22.84%;
and
fixed
capital
investments, 19.44%.

STOCK MARKET DEVELOPMENTS
Zimbabwe Stock Exchange (ZSE)
During the month of February 2024, the
Zimbabwe Stock Exchange (ZSE) registered
losses. As such, the All Share, Top 10, and Top
15 indices lost 3.16%, 4.29%, and 7.7%, to
close at 525 570.56 points, 235 643.91 points
and 306 056.17 points, respectively.

The mining index, however, gained 32.25% to
close at 216 534.42 points compared to 163
733.73 points, registered in January 2024.

On an annual basis, the All Share, Top 10, Top
15, Small and Medium Cap indices gained
1 741.01%, 1 455.85%, 1 900.37% and 3
222.27%. This compares to 28 548.02 points,
16 983.33 points, 19 671.29 points, 631 204.30
points, and 62 970.45 points recorded in the
comparable period in 2024, respectively.

The mining index also added 641.36% from
29 207.92 points recorded in February 2023.

Figure 12: ZSE All Share, Top 10 and
Mining Indices

Source: Zimbabwe Stock Exchange, 2024

The cumulative volumes and values of shares
traded amounted to 73.94 million shares and
ZW$103.47 billion, a decline of 7.30% and
8.05%, respectively. This is in comparison to
79.77 million shares and ZW$112.53 billion
recorded in the previous month.

The proportion of foreign purchases to the
value of shares traded improved to 5.19% from
2.02% registered in January 2024.

Net foreign position further worsened to
negative ZW$15.89 billion, from negative
ZW$5.37 billion recorded in January 2024.


Households
24.63%
Agriculture
15.41%
Mining
12.76%
Manufacturing
16.29%
Distribution
10.69%
Transport and
Communication
2.70%
Services
9.17%
Financial Organisations
and Investiments
5.67%
Construction
1.91%
Other

31-Jan-23
28-Feb-23
31-Mar-23
30-Apr-23
31-May-23
30-Jun-23
31-Jul-23
31-Aug-23
30-Sep-23
31-Oct-23
30-Nov-23
31-Dec-23
31-Jan-24
29-Feb-24
All Share Index
Top 10 Index
Mining Index

Figure 13: ZSE Monthly Volume and Value
Traded

Source: Zimbabwe Stock Exchange, 2024
Owing to the negative trading developments on
the ZSE, market capitalization declined by
ZW$1 960.13 billion, or 4.51% to close at
ZW$41 499.02.

On a year-on-year basis, ZSE capitalization
added 1 510.78%, from ZW$2 576.32 billion
recorded in February 2023.

Victoria Falls Stock Exchange (VFEX)
During the month of February 2024, the
Victoria Falls Stock Exchange (VFEX)
exhibited bearish sentiments. As such, the AllShare index lost 3.83% to close at 98.59 points,
compared to 102.52 points recorded in January
2024.

On an annual basis, the VFEX All Share index
declined by 8.07%, from 107.27 points
recorded in February 2023.


Figure 14: Victoria Falls Stock Exchange
(VFEX) All Share Index (ASI)

Source: Victoria Falls Stock Exchange, 2024

VFEX Market Capitalization
Owing to the negative trading on the VFEX
market capitalization declined by 3.83% to
US$1.19 billion, compared to US$1.24 billion
recorded in the previous month.

Figure 15: Victoria Falls Stock Exchange
(VFEX) Market Capitalization (US$ Billion)

Source: Victoria Falls Stock Exchange (VFEX), 2024

NATIONAL PAYMENTS SYSTEM
The value of transactions processed through the
National Payment Systems (NPS) increased by


Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
VALUE TRADED ($ MILLIONS)
VOLUME TRADED (MILIONS)
Volume
Value

31-Jan-23
28-Feb-23
31-Mar-23
30-Apr-23
31-May-23
30-Jun-23
31-Jul-23
31-Aug-23
30-Sep-23
31-Oct-23
30-Nov-23
31-Dec-23
31-Jan-24
29-Feb-24


1.2
1.4
1.6
Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
US$ BILLIONS

36% from ZW$58.35 trillion in January 2024
to close at ZW$79.13 in February 2024.

NPS transactions volumes decreased by 5% to
close at 61.95 million in the reporting month
from 64.97 million in the previous month.

Zimbabwe Electronic Transfer Settlement
System (ZETSS)
The value of transactions processed through the
Real Time Gross Settlement (RTGS) system
increased by 35%, from ZW$28.29 trillion in
the previous month to close at ZW$38.30
trillion in February 2024.


The volume of RTGS transactions decreased by
3% to close at 890 thousand during the month
under review, from 915 thousand in January
2024.

Figure 16: ZETSS Volumes and Values

Source: Reserve Bank of Zimbabwe, 2024

Mobile and Internet Based Transactions
Mobile
and
internet-based
transactions
amounted to ZW$35.29 trillion, during the
month under analysis, representing an increase
of 34.08% from ZW$26.32 trillion recorded in
January 2024.
Cash Transactions
Cash based transactions amounted to ZW$4
trillion during the month of February 2024.

Card Transactions
Card based transactions remained unchanged at
ZW$375 trillion during the month under
analysis.

INFLATION OUTTURN
Annual Inflation
Annual headline inflation rose to 47.6% in
February 2024, from 34.8% in January 2024.
This was, partly, on account of the depreciation
of the local currency against major currencies
and the effects of tax measures announced in
the 2024 National Budget.

Monthly Inflation
Month-on-month inflation rate, however,
decelerated to 5.39% in February 2024, from
6.58% in January 2024, largely driven by the
decline in food and non-alcoholic beverages
inflation.

Albeit declining to 9.83% in February 2024,
down from 15.01% in January 2024, food
inflation remained high, largely due to the
imposition of VAT and import duties on some
basic food products.

Monthly non-food inflation slightly rose from
2.50% in January 2024 to 2.98% in February
2024.

1,000
1,200
Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Value in ZW$ Trillions
Volume in Thousands
Volume
Value

Figure 17: Month-on-Month Inflation (%)
Source: ZIMSTAT, 2024


APRIL 2024

RESERVE BANK OF ZIMBABWE

Feb-22
Apr-22
Jun-22
Aug-22
Oct-22
Dec-22
Feb-23
Apr-23
Jun-23
Aug-23
Oct-23
Dec-23
Feb-24
Food and non alcoholic beverages
Non food
All Items

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. Exchange Rates

Zimbabwe Stock Exchange
11. Zimbabwe Stock Market Statistics

National Payments System Statistics


12.1 Values of Transactions

12.2 Volumes of Transactions

Trade Statistics


13. Merchandise Trade Statistics

TABLE 1: DEPOSITORY CORPORATIONS SURVEY ($ '000)
Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
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)

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 (Time Deposits)

of which Foreign Currency Accounts

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,2024
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 $ since the introduction of the interbank foreign exchange market in February 2019

Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Net Foreign Assets

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

f
(
g
Loans

Loans and Advances

Amounts Due from Gvt including SDR Drawdowns

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)

Shares and Other Equity

Other Items(Net)

Liabilities to Other Resident Sectors

Deposits and Securities Excluded from Base Money

Monetary Base

Bond Coins

Bond Notes

Liabilities to ODCs

Local Currency Reserve Deposits

Foreign Currency Reserve Deposits

Exess reserves

Private Deposits

Source: Reserve Bank of Zimbabwe,2024
TABLE 2: CENTRAL BANK SURVEY ($'000)

TABLE 3: OTHER DEPOSITORY CORPORATIONS SURVEY ($ '000)
Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
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 Mo

Deposits Included in Broad Money
2,888,136,764.51

3,165,058,675.05

3,572,801,781.15

7,206,537,527.79

14,244,682,762.54

12,975,158,042.76

13,382,795,891.99

15,691,777,986.61

16,730,519,506.06

17,590,333,042.62

18,838,163,125.87

29,182,930,103.98

40,568,677,127.34

Transferable Deposits
2,594,362,513.35

2,832,323,179.02

3,303,913,423.92

6,651,231,769.05

13,178,109,450.38

12,150,500,072.13

12,522,593,843.18

14,746,268,275.64

15,543,135,460.62

16,351,245,253.30

17,550,959,163.20

27,433,139,639.80

37,763,111,417.94

of which FCAs
1,750,982,009.54

1,865,387,117.78

2,144,912,895.57

5,273,965,984.48

11,634,530,484.57

10,099,327,960.39

10,172,409,984.27

12,309,119,479.36

12,388,978,422.26

12,751,597,340.40

13,391,882,427.59

22,891,974,397.20

32,954,377,682.43

Other Deposits (Time Deposits)

of which FCAs

Money Market Instruments
15,711,655.30

16,082,619.50

1,843,391.22

4,659,433.86

4,243,581.90

2,137,443.55

3,182,683.74

2,685,488.92

3,497,226.23

4,173,191.32

42,811,406.21

7,317,942.35

9,458,363.45

Source:Reserve Bank of Zimbabwe, 2024

TOTAL
End of
Foreign
Bond
Notes
Balances
Balances with
Balances
Other Claims
Local
Other
Notes &
&
with
Other Depository
with
on
Local Governemt
Other2
Government
Local
Public
Institutional
Other cliams
Contigent Assets
Other Assets
Non Financial
Coins
Coin
RBZ
Corporations
Foreign Banks
Non-residents
securities
Government
Enterprises
Units
Assets

Jan
1,483.3

42,733.9

77,994.4

13,109.2

40,071.8


Feb
1,735.4

41,180.7

76,140.3

17,748.1

39,141.4


Mar
1,457.1

40,953.3

83,032.1

6,945.5

42,516.8


Apr
1,699.7

40,964.4

85,330.2

6,844.8

49,733.4


May
1,906.1

30,579.1

94,330.9

7,907.2

63,644.8


Jun
1,702.8

30,255.6

75,795.2

25,605.9

72,780.6


Jul
2,139.9

30,509.1

104,983.5

17,817.9

82,032.9


Aug
2,551.1

33,323.4

93,806.9

11,919.2

72,753.9


Sep
2,853.7

38,500.1

100,996.0

8,626.8

68,707.9


Oct
2,611.1

50,074.7

108,009.2

9,575.8

89,822.4


Nov
2,721.5

53,424.3

107,781.7

15,560.6

74,072.3


Dec
2,838.3

50,031.0

118,451.3

13,654.0

91,352.6


Jan
2,891.2

53,378.3

116,654.8

13,232.3

69,668.2


Feb
2,577.7

62,064.5

122,479.8

17,480.5

76,802.2


Mar
2,111.5

76,544.2

142,962.5

19,239.6

87,884.5


Apr
2,624.9

74,716.9

160,466.5

28,352.1

123,190.3


May
3,155.9

142,118.9

236,166.0

35,928.9

207,812.8


Jun
2,801.2

138,347.1

266,691.8

45,952.0

241,920.1


Jul
2,427.6

159,024.6

315,832.5

39,388.2

230,432.5


Aug
2,640.6

263,637.4

411,439.9

69,203.5

311,107.0


Sep
3,030.7

289,230.8

504,071.1

75,446.7

417,007.1


Oct
3,022.6

300,240.3

525,870.3

104,483.2

389,979.7


Nov
3,251.4

286,365.2

575,885.7

111,716.1

342,790.1


Dec
3,361.7

295,435.1

652,284.4

119,932.8

351,906.8


Jan
4,923.3

379,841.7

704,168.6

151,980.1

389,342.8


Feb
1,880.1

436,062.8

743,888.5

81,067.5

518,081.0


Mar
2,031.6

425,326.5

817,631.1

112,374.3

531,935.4


Apr
1,844.7

462,081.4

972,122.7

161,740.7

620,095.0


May
1,107.2

1,048,116.4

2,049,066.1

309,234.1

1,554,969.0


Jun
1,984.5

2,249,201.6

4,424,350.0

471,360.3

3,050,984.1


Jul
1,489.0

1,584,403.3

4,137,377.2

380,493.0

3,132,849.9


Aug
2,292.1

1,505,916.2

4,651,358.8

448,025.8

3,179,274.3


Sep
2,465.6

2,015,621.6

5,263,338.5

560,033.8

3,210,332.7


Oct
2,425.4

2,312,575.1

5,910,277.9

751,077.6

2,663,186.5


Nov
2,705.3

2,558,589.3

6,324,144.1

730,377.0

2,788,783.6


Dec
3,398.4

2,868,505.6

5,973,706.9

918,524.5

2,631,445.7


Jan
2,947.9

5,196,670.6

9,096,074.6

1,414,527.9

3,957,664.6


Feb
3,143.6

7,309,077.0

12,595,037.9

2,395,225.7

5,340,576.7


Source:Reserve Bank of Zimbabwe, 2024
Notes
1.Government securities includes treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households, other financial corporations.
Public Enterprises
TABLE 4.1: OTHER DEPOSITORY CORPORATIONS -ASSETS
ZWL$ millions
Debt Securities
Loans and Advances
Government1
Securities

End of

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

Feb

Source: Reserve Bank of Zimbabwe, 2024
TABLE 4.2 : OTHER DEPOSITORY CORPORATIONS - LIABILITIES
Deposits
Amounts Owing to
ZWL$ millions
TOTAL
Time Deposits
Savings
Demand
Government
Total
Other Finacial
Corporations
Capital and
Reserves
Contigent
Liabilities
Other
Liabilities
Other
Depository
Total Deposits from
the Public
Other Depository
Corporations
Debt Securities
Foreign
Liabilities
RBZ

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
TOTAL
Coins
Coin
RBZ
Corporations
Foreign Banks
Non-residents
Securities
securities

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

Feb
1,320.27

38,100.03

69,341.48

16,867.76

38,108.83

6,341.39

12,518.15

-

-

1.26

24.15

22.69

1,493.66

77,324.34

774.89

28,339.17

15,953.14

33,612.14

340,143.4

Mar
1,244.16

38,369.53

76,479.44

5,317.61

41,401.24

8,733.65

15,889.61

-

19.21

34.56

15.17

21.67

1,309.75

80,607.03

878.97

32,908.13

19,302.34

30,861.86

353,393.9

Apr
1,430.83

38,008.89

79,592.64

5,639.40

48,564.03

7,679.05

18,267.01

-

19.23

62.89

19.86

12.71

1,336.70

91,062.16

956.75

34,537.88

21,214.88

32,383.77

380,788.7

May
1,648.09

28,677.21

87,611.51

6,479.66

59,745.10

11,582.44

18,846.75

-

152.75

93.37

21.77

16.58

1,263.75

94,790.46

990.41

35,592.28

21,398.95

31,307.45

400,218.5

Jun
1,419.27

28,452.53

69,413.26

24,215.35

70,835.98

17,601.31

17,152.75

-

19.46

92.91

17.91

77.79

1,511.86

106,954.15

1,247.08

26,856.45

26,444.57

33,288.94

425,601.6

Jul
1,794.72

29,100.73

97,429.50

15,901.02

79,937.02

25,314.30

21,665.10

-

290.76

47.39

17.32

67.80

1,351.13

117,348.16

1,301.18

26,869.18

29,079.64

33,587.68

481,102.6

Aug
2,137.72

31,734.84

85,441.98

9,099.10

70,391.64

25,194.95

31,434.20

-

339.72

51.28

22.49

63.94

1,583.28

132,522.63

1,337.19

32,281.12

30,022.43

37,697.05

491,355.6

Sep
2,417.81

36,259.54

93,032.71

6,164.78

66,640.78

25,023.38

31,460.81

-

366.88

57.60

21.07

62.45

1,531.08

134,780.92

1,342.62

31,980.97

30,439.34

34,630.85

496,213.6

Oct
1,993.06

47,379.62

99,470.02

7,339.71

86,302.62

26,924.18

37,639.16

-

188.07

121.59

21.20

75.41

1,683.89

149,477.36

1,523.34

49,580.96

40,853.06

36,664.31

587,237.6

Nov
2,168.80

49,327.15

100,125.90

12,723.73

71,667.33

29,748.47

41,015.56

-

187.03

999.12

21.24

74.76

1,882.53

168,661.25

1,484.24

52,327.68

40,073.22

43,878.52

616,366.5

Dec
2,315.32

46,412.99

109,803.84

10,942.92

87,347.07

33,690.93

38,610.29

-

185.99

4,146.13

21.09

167.53

2,798.61

184,836.87

3,368.75

60,916.98

41,811.67

59,011.63

686,388.6

Jan
2,359.27

49,206.02

108,119.97

10,419.90

66,808.45

30,774.31

38,636.84

-

186.80

801.50

20.33

163.02

3,628.73

199,495.34

2,997.94

53,627.76

47,405.91

69,989.80

684,641.9

Feb
1,971.78

57,553.54

112,522.99

14,300.66

70,750.63

28,703.53

44,705.21

-

-

976.55

20.34

158.06

5,367.16

215,520.37

3,055.50

55,099.61

53,459.12

70,832.47

734,997.5

Mar
1,541.49

70,856.33

130,423.48

15,503.46

82,662.70

43,284.13

44,874.23

-

-

1,380.20

19.40

253.42

6,240.94

258,715.05

3,092.69

65,660.61

58,874.69

76,938.87

860,321.7

Apr
1,939.64

70,204.43

144,168.02

23,452.88

117,033.42

26,628.79

57,772.47

-

-

722.54

37.54

252.44

6,858.06

305,476.79

4,348.46

53,372.28

62,788.55

71,414.75

946,471.1

May
2,397.94

131,996.38

211,837.59

31,586.61

190,366.81

61,757.62

64,373.91

-

154.99

1,559.14

41.28

289.00

16,193.81

398,048.90

4,712.74

134,993.54

94,851.60

111,543.84

1,456,705.7

Jun
2,263.18

127,839.16

234,109.43

40,937.28

219,607.39

63,631.76

83,690.44

-

653.97

2,159.12

61.20

226.29

13,888.60

478,163.38

8,954.46

169,511.81

110,528.09

168,440.54

1,724,666.1

Jul
1,578.47

147,217.74

284,912.89

34,334.13

202,815.28

41,246.78

86,971.63

-

394.34

1,852.14

100.65

349.68

22,516.21

556,692.12

9,737.92

144,090.18

129,869.55

192,524.32

1,857,204.0

Aug
1,630.70

247,190.46

377,078.80

64,650.96

273,181.97

29,186.59

95,346.12

-

330.12

3,556.96

113.50

287.14

26,564.57

681,253.30

11,493.92

167,029.36

238,442.98

194,745.11

2,412,082.6

Sep
1,791.71

270,594.59

465,301.31

68,020.95

370,323.69

18,184.96

134,414.53

-

267.40

4,916.56

115.11

306.33

21,773.50

806,774.24

12,680.89

146,133.14

215,417.68

219,933.24

2,756,949.8

Oct
1,704.79

281,204.64

480,106.49

94,573.08

343,440.15

22,895.35

136,939.74

-

204.69

2,201.55

116.48

341.96

22,935.50

852,069.39

15,525.65

165,306.91

232,188.99

245,924.22

2,897,679.6

Nov
1,644.95

259,109.18

533,438.97

101,870.32

299,715.01

17,089.04

180,534.44

-

141.97

2,292.28

119.53

303.55

22,178.73

960,814.77

15,450.39

170,944.78

196,338.19

250,551.19

3,012,537.3

Dec
1,778.71

263,863.65

603,136.26

110,935.77

299,087.30

7,965.37

266,725.41

-

79.26

3,887.78

114.42

282.61

30,272.25

1,066,654.12

16,130.63

159,126.16

189,560.01

344,235.10

3,363,834.8

Jan
2,391.61

340,953.56

654,740.29

143,455.70

335,380.17

(1,443.59)

301,026.07

-

105.97

4,873.87

228.45

251.24

44,113.17

1,307,512.98

17,767.70

227,545.42

204,830.78

374,080.77

3,957,814.2

Feb
1,470.56

366,544.71

691,937.49

71,097.36

452,795.43

21,074.53

306,913.92

-

50.02

1,524.98

318.96

197.44

44,691.50

1,481,851.05

18,037.18

226,932.96

224,983.29

411,002.80

4,321,424.2

Mar
1,771.98

344,570.46

755,463.34

103,284.07

478,333.21

41,928.66

330,669.68

-

-

3,884.11

432.22

149.78

48,725.38

1,679,284.89

28,439.56

554,840.85

254,605.57

438,790.17

5,065,173.9

Apr
1,631.24

388,822.83

903,029.49

144,252.31

555,886.92

32,206.95

361,846.09

-

-

8,716.45

559.82

99.28

54,058.39

1,722,384.40

28,899.91

214,270.92

321,765.39

476,263.19

5,214,693.6

May
1,010.26

907,818.70

1,932,225.57

281,052.93

1,351,116.97

84,147.32

570,367.60

-

-

8,974.78

4,599.15

80.34

112,188.06

3,844,133.80

65,696.39

607,438.10

669,908.72

758,154.17

11,198,912.9

Jun
1,762.11

1,979,000.71

4,218,755.04

444,538.09

2,584,596.63

350,042.51

865,465.55

-

-

221.09

10,133.46

8,052.34

260,946.26

8,487,837.63

92,224.26

1,390,786.24

1,304,228.92

2,222,499.38

24,221,090.2

Jul
1,305.13

1,428,604.02

3,898,282.53

359,151.15

2,646,743.26

337,541.82

1,133,463.14

-

-

153.30

7,368.09

68.07

208,253.70

6,917,007.30

129,308.58

829,382.28

1,155,945.57

2,438,538.20

21,491,116.1

Aug
1,664.09

1,370,651.81

4,309,693.74

391,792.23

2,693,989.06

208,098.88

1,084,784.90

-

-

138.30

7,469.95

75.80

205,341.47

6,863,348.14

127,816.16

701,626.16

1,081,800.09

2,446,465.02

21,494,755.8

Sep
1,503.56

1,763,364.33

4,914,305.55

517,813.92

2,760,807.78

247,094.60

1,204,684.14

-

-

9.75

9,935.82

92.05

219,878.94

8,245,053.80

151,685.43

776,997.57

1,312,147.78

2,668,520.81

24,793,895.8

Oct
1,977.18

2,059,471.85

5,625,069.70

562,790.91

2,202,475.21

175,235.94

1,172,130.22

-

-

0.03

10,816.83

98.06

237,525.73

8,864,363.09

153,534.70

958,746.42

1,351,846.54

2,767,099.33

26,143,181.7

Nov
2,295.18

2,278,921.91

5,913,094.15

568,556.41

2,451,981.00

180,229.25

1,337,040.40

-

-

0.03

10,921.42

59.77

238,702.30

9,040,518.08

158,702.11

1,046,256.98

1,702,370.26

2,868,031.98

27,797,681.2

Dec
2,947.49

2,536,437.97

5,489,443.24

657,432.63

2,268,702.96

155,742.88

2,420,663.39

-

-

0.03

12,324.59

73.45

248,699.79

9,507,281.46

255,007.08

1,184,706.91

1,748,495.98

3,349,062.31

29,837,022.2

Jan
2,536.36

4,749,173.95

8,535,153.83

940,210.80

3,564,879.01

285,807.60

3,972,600.87

-

-

0.03

17,912.41

198.80

374,088.29

14,957,169.30

312,516.30

1,949,662.45

2,737,500.88

4,289,981.53

46,689,392.4

Feb
2,519.25

6,564,463.71

11,709,703.62

1,772,649.65

4,708,270.62

153,450.01

5,911,393.45

-

-

0.03

26,073.06

232.00

488,602.76

22,234,523.09

378,975.16

2,608,075.14

3,125,793.33

5,812,047.28

65,496,772.2

Source: Reserve Bank of Zimbabwe, 2024
Notes
1.Government securities include treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households, other financial corporations.
TABLE 5.1: COMMERCIAL BANKS -ASSETS
ZWL$ 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

Feb

Source: Reserve Bank of Zimbabwe, 2024
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
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

Feb
345.7

2762.9
6,004.8

811.1
984.2

-

2,731.0

9.2
-

236.8

2,089.3

-

8,950.2

2949.2
7,790.6

35,665.0

Mar
168.3

2278.9
6,313.1

1594.4
1,028.2

-

1,341.7

8.4
-

415.1

1,242.4

-

10,867.7

3027.5
7,841.0

36,126.8

Apr
206.9

2702.1
5,302.6

1156.7
1,085.4

-

871.7

7.7
-

508.9

1,581.5

-

14,233.6

3431.1
7,237.9

38,326.2

May
210.3

1687.6
5,962.2

1250.9
3,847.1

-

116.9

7.0
-

517.7

1,568.8

-

17,154.9

2927.9
7,532.9

42,784.2

Jun
249.6

1649.7
6,202.6

1163.8
1,866.7

-

204.6

6.5
-

588.0

1,851.9

-

18,795.4

2580.9
7,701.1

42,860.7

Jul
283.7

1212.2
7,193.4

1892.7
1,875.4

-

1,143.4

6.0
-

447.3

1,963.2

-

18,280.3

3923.5
7,695.6

45,916.5

Aug
352.8

1408.8
7,869.3

2537.6
2,316.2

-

3,535.6

5.4
-

399.5

2,101.3

-

19,422.2

3837.6
7,666.6

51,453.0

Sep
349.8

1926.6
7,608.5

2430.2
1,941.4

-

4,314.6

5.1
-

205.2

2,231.7

-

20,461.1

4013.2
9,460.7

54,948.1

Oct
411.5

2396.2
8,221.0

2162.4
3,421.5

-

5,627.7

4.3
-

271.1

2,539.5

-

22,881.3

5432.3
9,501.3

62,870.1

Nov
339.8

3578.4
7,561.6

2568.8
2,299.5

-

5,882.7

3.7
-

566.4

2,788.5

-

27,326.1

4400.3
9,614.3

66,930.0

Dec
351.1

3217.3
8,557.8

2619.2
3,620.2

-

2,353.6

3.0
-

1,189.0

2,786.9

-

33,115.3

5610.8
11,334.1

74,758.3

Jan
324.6

3,504.3

8,506.5

2680.3
2,631.0

-

1,110.8

2.4
-

1,487.3

2,967.6

-

35,913.5

6693.8
14,008.7

79,830.9

Feb
411.5

4,021.5

9,763.6

3069.7
5,678.0

-

4,048.9

1.6
-

1,465.4

3,241.1

-

39,977.5

4511.5
13,964.4

90,154.6

Mar
354.3

4,413.6

11,882.6

3691.3
4,932.3

-

5,235.0

0.9
-

1,590.0

3,888.3

-

42,741.3

9086.6
15,421.2

103,237.4

Apr
546.4

3,054.1

15,585.8

4857.7
5,768.6

-

5,714.4

0.2
-

1,861.4

4,143.7

-

48,582.4

9654.2
16,999.2

116,768.1

May
639.5

8,326.7

23,817.6

4251.9
16,001.6

-

6,150.9

0.0
-

1,486.3

8,474.8

-

74,864.0

14793.9
17,091.2

175,898.5

Jun
418.5

8,464.3

32,497.6

3807.5
21,184.8

-

2,639.3

0.0
-

1,340.0

10,851.1

-

85,145.9

18155.8
35,128.1

219,633.0

Jul
700.4

9,914.6

30,660.3

4983.4
24,902.9

-

4,077.6

0.0
-

1,411.5

13,722.1

-

98,066.0

9998.6
45,127.9

243,565.1

Aug
863.8

14,422.1

33,703.2

4483.0
34,971.8

-

4,379.8

0.0
-

2,106.6

16,515.4

-

115,491.9

8745.3
45,694.0

281,377.1

Sep
1,086.8

14,998.2

37,911.3

7470.1
45,094.8

-

8,440.8

0.0
-

1,302.8

17,996.8

-

129,242.7

11630.7
60,830.4

336,005.2

Oct
1,158.3

14,768.7

44,296.5

10013.7
44,664.1

-

14,109.9

0.0
-

1,142.4

16,817.7

-

123,793.8

30036.4
47,678.2

348,479.7

Nov
1,449.3

22,456.9

41,398.0

9771.8
41,317.6

-

17,572.6

0.0
-

2,085.3

16,785.8

-

136,029.9

30694.0
46,275.8

365,836.9

Dec
1,470.7

23,012.7

48,533.8

8913.7
50,229.0

-

21,411.1

0.0
19,993.4

2,176.2

17,693.7

-

119,322.3

39279.1
69,102.5

421,138.1

Jan
2,402.7

32405.1
47,062.6

8410.8
50,364.6

-

17,976.2

0.0
23,668.5

2,406.3

18,311.0

-

132,757.4

41367.4
69,570.1

446,702.8

Feb
234.9

59685.4
50,103.0

9568.6
62,701.4

889.9

24,809.7

0.0
26,667.1

4,451.9

21,629.1

-

146,798.4

50093.6
70,987.9

528,620.9

Mar
214.6

72311.9
57,399.6

9196.8
51,300.9

-

28,841.5

0.0
24,689.0

5,503.9

19,118.6

-

170,376.6

54524.7
84,489.1

577,967.3

Apr
184.1

61341.6
63,129.5

16343.2
61,444.0

-

28,727.0

0.0
28,119.0

5,989.2

27,619.9

-

205,412.2

81442.9
86,571.2

666,323.9

May
78.1

125685.1
100,808.7

22707.0
195,646.6

-

81,344.3

0.0
69,908.9

6,246.8

53,180.7

-

440,462.4

103176.1
116,103.7

1,315,348.2

Jun
176.6

227001.8
172,666.5

25998.2
452,772.6

40,326.7

115,193.3

0.0
196,310.3

4,209.5

121,677.5

-

870,075.1

230604.4
544,587.8

3,001,600.3

Jul
162.7

132017.2
220,995.0

20797.2
459,668.2

32,010.8

105,308.6

0.0
154,472.7

13,777.8

153,638.5

-

697,177.8

209734.6
612,937.8

2,812,698.9

Aug
611.0

105296.6
309,821.7

55744.7
475,838.3

37,447.1

102,495.2

0.0
153,578.2

6,767.5

135,193.3

-

758,439.2

223114.4
564,622.1

2,928,969.2

Sep
949.3

193065.6
339,269.2

41680.1
437,996.0

58,554.5

110,351.3

0.0
161,346.6

4,522.1

153,113.7

-

880,148.8

290026.7
565,616.4

3,236,640.3

Oct
403.8

204713.4
254,684.1

187632.1
440,150.3

65,022.1

97,046.1

0.0
176,111.9

13,771.8

173,523.5

-

829,479.5

345029.3
586,015.6

3,373,583.5

Nov
370.5

222344.7
387,213.2

160896.0
326,510.1

50,688.3

159,225.4

0.0
173,990.9

28,127.2

187,363.3

-

926,663.7

395549.5
595,811.6

3,614,754.5

Dec
403.7

251968.8
457,034.9

261067.9
345,348.0

56,551.7

185,131.1

0.0
166,902.0

27,875.9

222,503.1

0.7

973,788.6

507890.9
658,045.7

4,114,512.9

Jan
367.9

368046.7
524,020.9

471915.0
363,325.6

40,412.9

280,803.2

0.0
280,441.0

45,935.9

339,610.7

-

1,563,405.5

649087.4
742,734.0

5,670,106.8

Feb
578.8

637645.2
797,581.2

618074.6
613,309.7

24,680.4

425,783.2

0.0
399,313.5

67,900.2

519,513.4

-

2,188,186.8

904519.6
937,957.6

8,135,044.1

Source:Reserve Bank of Zimbabwe,2024
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

Capital
Other
TOTAL
and
Liablities
End of
Savings
Time Deposits
Total Deposits
Other Depository
Government
Total
Debt Securities
Foreign Liabilities
RBZ
Other Depository
Other Finacial
Reserves
from the public
Corporations
Corporations
Corporations

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

Feb

Source:Reserve Bank of Zimbabwe,2024
TABLE 6.2: BUILDING SOCIETIES -LIABILITIES
$ millions
Amounts Owing to

AGRICULTURE
CONSTRUCTION
COMMUNICATION
DISTRIBUTION
FINANCIAL &
FINANCIAL
MANUFACTURING
MINING
SERVICES
TRANSPORT
INDIVIDUALS
CONGLOMERATES
TOTAL
END OF


INVESTMENTS
ORGANISATIONS

Jan

Feb

Mar

Apr

May

June

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

July

Aug

Sept

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Source:Reserve Bank of Zimbabwe,2024
/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

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

Feb

Source: Reserve Bank of Zimbabwe,2024
TABLE 7.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS
$ ('000)

Minimum
Maximum
Minimum
Maximum

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

Feb

Source: Reserve Bank of Zimbabwe, 2024
TABLE 8.1: COMMECIAL BANKS LENDING RATES (percent per annum)
Individuals
Corporates
End of
Weighted Lending Rates

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

Feb

Source: Reserve Bank of Zimbabwe, 2024
* Deposit rates depict the range of rates qouted by banks.
SAVINGS
3 MONTHS
TABLE 8.2 : COMMECIAL BANKS DEPOSIT RATES (percent per annum)

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

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Source: Zimstat, 2024
ALCOHOLIC
BEVERAGES &
TOBACCO
FURNITURE AND
EQUIPMENT
HEALTH
TRANSPORT
COMMUNICATION
FOOD & NON
ALCOHOLIC
BEVERAGES
ALL
ITEMS
HOUSING,
WATER,
ELECTRICTY,
GAS & OTHER
FUELS
CLOTHING &
FOOTWEAR
RECREATION &
CULTURE
RESTAURANTS &
HOTELS
EDUCATION
MISC. GOODS &
SERVICES
TOTAL NON
FOOD
TABLE 9.1 : MONTHLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX

FOOD
INFLATION
WEIGHTS


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

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Source: Zimstat, 2024
TABLE 9.2 : YEARLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX
NON-FOOD INFLATION
HEALTH
TRANSPORT
COMMUNICATION
EDUCATION
ALCOHOLIC
BEVERAGES
&
TOBACCO
CLOTHING
&
FOOTWEAR
HOUSING,
WATER,
ELECTRICTY,
GAS &
OTHER FUELS
FURNITURE
AND
EQUIPMENT
RECREATION
& CULTURE
RESTAURANTS
& HOTELS
MISC.
GOODS &
SERVICES
TOTAL
NON
FOOD
FOOD & NON
ALCOHOLIC
CEVERAGES
ALL ITEMS

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

Source: Reserve Bank of Zimbabwe, 2024
TABLE 10 : SELECTED INTERNATIONAL EXCHANGE RATES
1. ZWL$ dollar per unit of foreign currency
END OF
USA DOLLAR
SOUTH ARFICAN
RAND
BOTSWANA PULA
JAPANESE YEN
EURO
POUND
STERLING

Market Capitalisation
All Share Index*
ZWL$ millions

Jan

Feb

Mar

Apr

May

June**

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

July

Aug

Sept

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Source: Zimbabwe Stock Exchange, 2024
**As at 26 June 2020
*All Share index was introduced in January, 2018
TABLE 11: ZIMBABWE STOCK MARKET STATISTICS
Mining Index
Market Turnover
ZWL$ million
Volume of Shares
END OF

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


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

Source: Reserve Bank of Zimbabwe, 2024
TABLE 12.1 : ZETSS AND RETAIL PAYMENTS
Values of Transactions (ZWL$ millions)

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


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

Source: Reserve Bank of Zimbabwe, 2024
TABLE 12.2 : 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


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

Source: ZIMSTAT, 2024
TABLE 13 : MERCHANDISE TRADE STATISTICS
(US$ millions)