[Date]


FEBRUARY 2016


i

MONTHLY ECONOMIC REVIEW
TABLE OF CONTENTS
SELECTED ECONOMIC INDICATORS 1
STOCK MARKET DEVELOPMENTS 2
MONETARY DEVELOPMENTS 3
INFLATION OUTTURN 4
Annual Inflation 4
Monthly Inflation 5
NATIONAL PAYMENTS SYSTEM 5
Zimbabwe Electronic Transfer Settlement System (ZETSS) 5
Card Based Transactions 5
Mobile and Internet Based Transactions 5
Cheque Transactions 6

MONTHLY ECONOMIC REVIEW

January

February
Month-on-
Month
Change
Z.S.E. Mining Index1
19.5
19.1
-2.0%
Z.S.E. Industrial Index1
103.0
99.5
-3.4%
Money Supply (US$)2
4 754.4 million
4 768.9 million
0.3%
Money Supply (M3) Annual Growth2
9.55%
9.94%

Yearly Inflation3
-2.19%
-2.22%

Monthly Inflation3
-0.05%
-0.10%

Nominal Lending Rate
6.0-22.0%
4.0-22.0%

Sources:
1 Zimbabwe Stock Exchange (ZSE)
2 Reserve Bank of Zimbabwe (RBZ)
3 Zimbabwe National Statistics Agency (ZIMSTAT)
SELECTED ECONOMIC INDICATORS


MONTHLY ECONOMIC REVIEW

STOCK MARKET DEVELOPMENTS
The slowdown in economic growth in China,
European financial sector challenges, weak global
demand and low international commodity prices
resulted in mixed trading in major global stock
markets in February 2016. Japanese and European
markets registered losses, while US markets traded
largely unchanged.
During the same period, major African stock markets
recovered from the previous month’s losses. Stock
market gains were recorded in Egypt, 2.6%; Kenya,
2.9%; Nigeria, 1.3%; and South Africa, 0.6%.
On the Zimbabwe Stock Exchange (ZSE), however,
the industrial and mining indices continued on a
downward trend during the period under review. The
industrial index fell by 3.4% to 99.5 points, in
February 2016, on account of losses in highly
capitalised counters. Similarly, the mining index also
declined by 2% to 19.14 points, during the same
period.


Trading volumes increased to 91.2 million shares in
February 2016, from 61.9 million shares in January
2016. In tandem, market turnover increased from
US$10.4
million
in
January
2016,
to
US$57.1 million in February 2016.

Source: Zimbabwe Stock Exchange, 2016
The
ZSE
market
capitalisation
stood
at
US$2 694.9 million in February 2016, down from
US$2 790.4 million in January 2016. This was on
account of losses in blue chip counters.

28-Feb-13
30-Apr-13
30-Jun-13
31-Aug-13
31-Oct-13
31-Dec-13
28-Feb-14
30-Apr-14
30-Jun-14
31-Aug-14
31-Oct-14
31-Dec-14
28-Feb-15
30-Apr-15
30-Jun-15
31-Aug-15
31-Oct-15
31-Dec-15
29-Feb-16
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, 2016


MONTHLY ECONOMIC REVIEW

MONETARY DEVELOPMENTS
The annual broad money supply growth rate
increased to 9.94% in February 2016, from 9.55% in
January 2016. On a month-on-month basis, broad
money
supply
increased
by
0.3%
to
US$4 768.9 million in February 2016, from
US$4 754.4 million recorded in January 2016.


Source: Reserve Bank of Zimbabwe, 2016
The growth in annual broad money was largely on
account of a 22.4% and 21.6% increase in demand
and savings deposits, respectively. Long and short
term deposits, however, declined by 9.4% and 6.9%,
respectively.
In terms of proportions, demand deposits accounted
for 51.9% of total deposits; long term, 19.1%; short
term, 15%; and savings deposits, 14.1%.


The annual growth in total banking sector credit
declined from 28.7% in January 2016, to 26.2% in
February 2016. On a monthly basis, total banking
sector credit increased by 0.2% to US$5 490 million,
in February 2016, from US$5 476.4 million in
January 2016.
The year-on-year growth in credit to the private sector
eased to 1.8% in February 2016, from 4.9% in
January 2016. Month-on- month, credit to the private
sector fell by 0.27%, to US$3 697.6 million in
February 2016.
The sectoral distribution of credit to the private sector
was as follows: agriculture (20.1%); households
(19.8%); manufacturing (17.7%); services (15.5%);
mining
(5.8%);
financial
organisations
and
investments, (2.9%); transport and communications
(2.8%); and construction (1.3%).
-2


Jun-13
Aug-13
Oct-13
Dec-13
Feb-14
Apr-14
Jun-14
Aug-14
Oct-14
Dec-14
Feb-15
Apr-15
Jun-15
Aug-15
Oct-15
Dec-15
Feb-16
%
US$ BILLIONS
Figure 3: Money Supply
Figure 3: Money Supply
M3
M3 Annual Growth
Short Term
15.0%
Long Term
19.1%
Demand
51.9%
savings
14.1%Figure 4: Bank
Figure 4: Banking Sector DepositsFebruary 201
February 2016
Source: Reserve Bank of Zimbabwe, 2016


MONTHLY ECONOMIC REVIEW

During the period under review, private sector credit
comprised of private sector loans and advances,
86.7%; mortgages, 8.8%; bills discounted, 1%;
bankers’ acceptances, 0.3%; and other investments,
3.2%;


Source: Reserve Bank of Zimbabwe, 2016
In terms of proportions the utilisation of private sector
credit was as follows: asset purchases, 40.9%;
inventory build-up, 34.5%; consumer durables,
14.8%; capital investment, 4.9% and vehicle
purchases, 3.5%.


INFLATION OUTTURN

Annual Inflation

The annual headline inflation, which had shown some
rising trend in the last quarter of 2015, decelerated to
-2.2% in February 2016. This was due to declines of
4.04% and 1.4 % in food and non-food inflation,
respectively.
Negative inflation in the economy continued to be
underpinned by the depreciation of the South African
rand; decline in international oil price; waning
domestic demand; as well as continued downward
correction in both food and non-food prices, among
other factors.


Source: ZIMSTAT, 2016
Year-on-year, food inflation declined to -4.04% in
February 2016, from -3.96% in January 2016. Food
inflation was largely weighed down by declines in the
prices of bread and cereals; milk, cheese and eggs;
oils and fats; and vegetables.
Loans & Advances
86.7%
Bills Discounted
1.0%
Bankers
acceptances
0.3%
Other
investments
3.2%
Mortgages
8.8%Figure 5: Credit to Private Sector
Figure 5: Credit to Private SectorFebruary 2016
February 2016


Dec-13
Feb-14
Apr-14
Jun-14
Aug-14
Oct-14
Dec-14
Feb-15
Apr-15
Jun-15
Aug-15
Oct-15
Dec-15
Feb-16
Figure 6: Annual Inflation
(%)
Headline Inflation
Food
Non Food


MONTHLY ECONOMIC REVIEW

Competition from cheap imported food products,
especially from South Africa, coupled with waning
effective demand, continued to depress local prices.
Annual non-food inflation decelerated from -1.3% in
January 2016, to -1.4% in February 2016. This was
attributable to declines in housing, water, electricity,
gas and other fuels; furniture, household equipment
and maintenance; transport; and clothing and
footwear.

Monthly Inflation
The month-on-month inflation rate stood at -0.1% in
February 2016, up from -0.05% in January 2016. This
was underpinned by a significant reduction in the
prices of non-food items such as liquid fuels, gas and
lubricants for personal transport equipment.

Outlook
Notwithstanding the anticipated increase in electricity
tariffs and the drought induced increases in food
prices, the country’s inflation is expected to largely
remain subdued.
The domestic factors that may sustain the downward
pressure on prices include the general downward
correction of prices in the economy and constrained
effective demand. On the other hand, the sustained
depreciation of the South African rand against the US
dollar, as well as low international crude oil prices,
are likely to continue exerting downward pressure on
domestic prices.
NATIONAL PAYMENTS SYSTEM

Zimbabwe Electronic Transfer Settlement
System (ZETSS)

The value of transactions processed through the Real
Time Gross Settlement System (RTGS) increased by
1.8% to US$3.45 billion in February 2016, from
US$3.39
billion
recorded
in
January
2016.
Concomitantly, the volume of RTGS transactions
registered an increase of 12%, from 132 260 to
148 416 in the same period.

Source: Reserve Bank of Zimbabwe, 2016

Mobile and Internet Based Transactions

The total value of mobile and internet based
transactions increased to US$557.19 million in
February 2016, from US$556.6 million in January
2016.

Card Based Transactions

Card
based
transactions
decreased
from
US$468.9
million
in
January
2016,
to
US$450.9 million in February 2016.


Feb-13
Jun-13
Oct-13
Feb-14
Jun-14
Oct-14
Feb-15
Jun-15
Oct-15
Feb-16
-

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


MONTHLY ECONOMIC REVIEW

Cheque Transactions

The value of cheque transactions rose by 7% to
US$11.9
million
in
February
2016,
from
US$11.1 million in January 2016.

RESERVE BANK OF ZIMBABWE
MAY 2016

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


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

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)


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

OCTOBER
NOVEMBER
DECEMBER
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

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

Feb

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


MONTHLY ECONOMIC REVIEW

End Period

(US$ millions)
Long-Term External Debt

Government

Bilateral Creditors


Multilateral Creditors

Private Creditors

Public Enterprises


Bilateral Creditors

1,155

Multilateral Creditors

Private Creditors

Monetary Authorities

Multilateral Creditors - IMF

Private

1,002
2,261
1,913
Short-Term External Debt

1,198
1,382
1,289

1,564
2,394
2,258
Supplier's Credits

Reserve Bank

Private

1,807
1,671
Total External Debt

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
14.16
9.66
Feb
4.30-33.50
14.00
9.73
Mar
4.30-33.50
13.24
8.75
Apr
4.30-31.00
12.71
8.84
May
5.00-31.00
12.74
8.79
Jun
5.00-31.00
11.94
8.42
Jul
5.00-31.00
11.86
8.56
Aug
4.30-26.00
11.96
8.51
Sep
4.30-25.00
11.81
8.47
Oct
4.00-18.00
10.98
7.28
Nov
4.00-16.25
12.20
7.67
Dec
6.00-16.00
11.99
7.57

Jan
6.00-22.00
12.08
7.38
Feb
4.00-22.00
11.48
7.29
TABLE 4.1 LENDING RATES (percent per annum)1
Commercial Banks
Weighted Average Lending Rates 3


MONTHLY ECONOMIC REVIEW

END OF
SAVINGS
3 MONTHS

Jan
0.15-8.00
3.00-17.00
Feb
0.50-12.00
1.00-17.00
Mar
0.50-12.00
1.00-17.00
Apr
0.30-8.00
1.00-17.00
May
0.30-8.00
1.00-17.00
Jun
0.30-8.00
1.00-17.00
Jul
0.30-8.00
1.00-15.00
Aug
0.30-8.00
1.00-15.00
Sep
0.30-8.00
1.00-16.00
Oct
0.50-8.00
1.00-17.00
Nov
0.75-8.00
1.00-17.00
Dec
0.50-8.00
0.75-17.00

Jan
0.50-8.00
0.75-17.00
Feb
0.50-8.00
0.75-17.00
TABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)*
COMMERCIAL BANKS


MONTHLY ECONOMIC REVIEW

FOOD
INFLATION
ALL
ALCOHOLIC
BEVERAGES
CLOTHING
HSING,
WATER,
FURNITURE
HEALTH
TRANSPORT COMMUNICATION
RECREATION
&
EDUCATION
RESTAURANTS
&
MISC.
TOTAL NON
FOOD &
ITEMS
& TOBACCO
FOOTWEAR
ELECTRICTY,
GAS
AND
CULTURE
HOTELS
GOODS &
FOOD
NON
ALCOHOLIC
BEVERAGES
& OTHER
EQUIPMENT
SERVICES
FUELS
WEIGHTS


JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

NON-FOOD INFLATION
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 TIO
N
R EC R EA TION
&
ED U C A TION
R ES TA U R A N T
S &
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


JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

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

TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES


MONTHLY ECONOMIC REVIEW

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

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

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

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


MONTHLY ECONOMIC REVIEW

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

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

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

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


MONTHLY ECONOMIC REVIEW

Foreign
Mortgage
Other
Other
Non Financial
TOTAL
End of
Notes
Total
Other Balances
Advances
Advances
Assets
Assets
&
Balances
Nostro
with RBZ/1
Bond
Coin
with Other
Balances
Trade
Treasury
Agris Pes
Coins
at Banks
Banks
Bills

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

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

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

Jul

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
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

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
Annual Total


Jan

Feb

Mar

Apr

May

Jun

Jul

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

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)