i


JUNE 2019

TABLE OF CONTENTS


Sources:
1. Zimbabwe National Statistics Agency
2. Reserve Bank of Zimbabwe
3. Zimbabwe Stock Exchange

May

June
Month-on-
Month Change
(%)
Yearly Inflation1 (%)
97.85
175.66
-
Monthly Inflation1 (%)
12.54
39.26
-
National Payment System
Transactions2 (US$ billions)
25.80
30.16
16.9
Money Supply2 (US$ millions)
13,009.04
14,767.89
13.52
Money Supply (M3) Annual
Growth2 (%)
45.14
66.99
-
Nominal Lending Rate2 (% per
annum)
4.00-18.00
4.00-22.00
-
Z.S.E All share Index3
188.06
204.75
8.87
Z.S.E. Mining Index3
225.81
255.26
13.04
Z.S.E. Industrial Index3
628.41
683.51
40.74
SELECTED ECONOMIC INDICATORS

INTERNATIONAL COMMODITY PRICE
DEVELOPMENTS

During the month of June 2019, the international
commodity prices for platinum, copper, nickel
and brent crude oil retreated. The price of gold,
however, increased.


Precious Metals
Gold prices rose by 5.8%, from a monthly
average price of US$1,287.04/oz in May 2019
to US$1,358.75/oz in June 2019. The rebound in
prices was buoyed by prospects of a positive
investment demand outlook, as economic data
pointed to easing inflationary pressures in the
US. In addition, the uncertainties posed by
geopolitical tensions between the US and Iran
bolstered safe haven demand for the yellow
metal.

Platinum prices declined by 3.1%, from a
monthly average of US$886.85/oz in May 2019
to US$807.9/oz in June 2019. This was largely
on account of slowing global demand,
particularly from automotive industries.


Figure 1: Precious metal prices (US$/oz.)
Source: Bloomberg, 2019

Base Metals
Base metals prices were largely depressed
during the month under review. This was, in
part, on account of weak manufacturing and
investment data from China, which reinforced
expectations of subdued economic growth in the
economy of the Asian giant. Furthermore, the
escalation of the trade war between the world’s
two biggest economies continued to supress the
demand for base metals. Resultantly, copper and
nickel prices retreated by 1.7% and 13.4%, to
monthly averages of US$5,885.72/tonne and
US$11,954.79/tonne, respectively.


Figure 2: Base metal prices (US$/ton)
Source: Bloomberg, 2019


Brent Crude Oil
Brent crude oil prices continued on a negative
trajectory, underpinned by unexpected increases
in US oil reserves. In addition, lingering
concerns about the gloomy global economic
outlook, amid the escalation of trade disputes
between the US and China, also exterted
downward
pressure
on
prices.
As
a
consequence, crude oil prices slumped by
10.2%,
from
a
monthly
average
of
US$70.28/barrel
in
May

to

Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
US$/oz.
Gold
Platinum

Jun-18
Aug-18
Oct-18
Dec-18
Feb-19
Apr-19
Jun-19
Nickel US$/ton
Copper US$/ton
Copper
Nickel (RHS)

US$63.13/barrel in June 2019, as shown in
Figure 3.
Figure 3: International crude oil prices
(US$/barrel)


MERCHANDISE TRADE
DEVELOPMENTS

The country’s total merchandise trade for June

amounted
to
US$697.0
million,
representing a 10.6% decline from US$780.0
million recorded in the previous month. The
slowdown in monthly total trade was driven by
a huge slump in monthly exports.

Merchandise Exports
Monthly merchandise exports fell by -32.6%,
from US$458.6 million in May 2019 to
US$309.2 million in June 2019. The decline was
underpinned by a fall in export earnings of gold,
ferrochrome and industrial diamonds. Gold
exports declined by 31.3%; industrial diamonds,
45.9%; and ferro-chrome, 19%.


Figure 4: Merchandise Exports (US$ m)

Source: ZIMSTAT, 2019

The country’s export basket was dominated by
exports of nickel ores & concentrates (23.4%);
gold (20.1%); flue-cured tobacco (5.7%); and
ferro-chrome (5.2%).

Table 1 shows the major export commodities for
the months of May 2019 and June 2019.

Jan-18
Feb-18
Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
US$/barrel

Feb-18
Apr-18
Jun-18
Aug-18
Oct-18
Dec-18
Feb-19
Apr-19
Jun-19

Table 1: Exports Classified by Harmonised
Commodity Description and Code
System
Commodity
May-18
Jun-19
Share of
US$m
US$m
Total


Exports


(%)
Flue-cured tobacco

17.5
5.7
Semi-manufactured
gold
90.6
62.2
20.1
Nickel mattes

1.4
0.5
Nickel ores and
concentrates
51.3
72.4
23.4
Industrial diamonds
15.5
8.4
2.7
Ferro-chromium
19.9
16.1
5.2
Chromium ores and
concentrates

3.9
1.3
Cane sugar
3.4

1.6
Unwrought Platinum1
134.1
78.9
25.5
Macadamia nuts (in
shells)
2.7

0.6
Granite (crude or
roughly trimmed)
2.1
1.9
0.6
Other

39.5
12.8
Total
458.6
309.2

Source: ZIMSTAT, 2019 & RBZ Calculations, 2019
The country’s exports were mainly destined for
South Africa, which accounted for about 48.5%
of total exports, followed by the United Arab
Emirates
(13.9%);
Mozambique
(9.6%);
Belgium (2.1%); and Zambia (2.3%).


1 Platinum Group of Metals (PGMs) include nickel
mattes, nickel ores and concentrates, and unwrought
platinum.

Figure 5: Top Five Merchandise Export
Destinations (% Share)
Source: ZIMSTAT, 2019 & RBZ Calculations, 2019

Merchandise Imports
Merchandise imports amounted to US$457.2
million in June 2019, a 4.7% rise from
US$436.8 million in the prior month. This was
largely attributable to the increase in imports of
diesel and petrol of 38.3% and 19.6%,
respectively. Table 2 shows the country’s major
import commodities for May 2019 and June
2019.


South Africa
United Arab Emirates
Mozambique
Belgium
Zambia
Other

Table 2: Imports Classified by Harmonised
Commodity Description and Code
System
Commodity
May
US$m
June
US$m
Share
of
Total
Exports
(%)
Diesel
81.3
112.4
24.6
Unleaded petrol
38.8
46.4
10.1
Medicines (Including
medicines for
chronic illnesses)
14.3
17.3
3.8
Crude soya bean oil
4.7
12.6
2.8
Fertilisers
(Ammonium nitrate)
3.6
6.7
1.5
Electrical energy
4.9
6.2
1.4
Chemicals
(Ammomium
dihydrogen
orthophosphate)
3.1
4.5
1.0
Other insecticides
3.5
3.5
0.7
Rice

2.7
0.6
Other

53.6
Total
436.8
457.2

Source: ZIMSTAT, 2019 & RBZ Calculations, 2019
The country’s major import sources were as
follows: South Africa (34.7%); Singapore
(34.4%); China (6.2%); Mauritius (2.8%) and
India (2.2%), as shown in Figure 6.
Figure 6: Top Five Merchandise Import
Sources (% Share).
Source: ZIMSTAT, 2019 & RBZ Calculations, 2019

Merchandise Trade Balance
The developments on merchandise trade
resulted in the widening of the trade deficit,
from -US$93.6 million in May 2019 to
-US$217.4 million in June 2019.
Figure 7: Merchandise Trade Balance
(US$m)
Source: ZIMSTAT, 2019 & RBZ Computations, 2019


South Africa
Singapore
China
India
Mauritious

Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Exports
Imports
Trade Balance

MONETARY DEVELOPMENTS2

Broad money3 stood at $ 14.78 billion in June
2019, compared to $8.84 billion recorded in
June 2018. This represented a year-on-year
growth of 66.99% .

The annual growth in money supply reflected
increases in transferable deposits of 82.98%;
currency in circulation, 24.35%; and negotiable
certificates of deposits (NCDs), 156.82%.

Month -on-month, broad money increased by
13.52%. The monthly growth, was partially
attributed to a 72.89% expansion in foreign
currency deposits, which largely emanated
from exchange rate depreciation.

Figure 8: Broad Money in Levels and
Growth Rates
Source: Reserve Bank of Zimbabwe, 2019

2 All monetary numbers valued in RTGS$ since the
adoption of an interbank market determined exchange
rate in February 2019.
3 From November 2017, broad money adjusted by a
reclassification of lines of credit that were incorrectly

Transferable deposits accounted for 59.64% of
total money supply, followed by foreign
currency accounts deposits, 26.33%; time
deposits, 9.68%; currency in circulation, 3.19%;
and negotiable certificates of deposits, 1.16%,
as shown in Figure 9.

Figure 9: Composition of Money Supply

Source: Reserve Bank of Zimbabwe, 2019
Credit to the private sector registered a 16.13%
increase, from $4.42 billion in May 2019 to
$5.13 billion in June 2019. On an annual basis,
credit to the private sector recorded a growth of
31.13%.

classified as deposits included in broad money. This
reduced the stock of money and at the same time
reducing the net foreign assets of other depository
corporations.

-

Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
%
$ Billions
M3
M3 Annual Growth rate
Demand
deposits
59.64%
FCA
deposits
26.33%
Time
Deposits
9.68%
Currency in
Circulation
3.19%
Negotiable
Certificates
of Deposits
1.16%

The distribution of credit to the private sector
was
as
follows:
households,
19.68%;
agriculture, 20.59%; distribution, 12.40%;
services,
8.87%;
manufacturing,
7.77%;
financial
organisations
and
investments,
19.20%;
mining,
7.25%;
transport
and
communications, 1.75%; and construction,
0.67%.

Figure 10: Distribution of Private Sector
Credit
Source: Reserve Bank of Zimbabwe, 2019
Private sector credit was channelled towards
inventory build-up, 22.84%; consumer durables,
17.19%; fixed capital investment, 14.84%; and
pre and post shipment financing, 1.71%. Other
recurrent expenditures accounted for 43.42% of
the total outstanding loans and advances, during
the month under review.
STOCK MARKET DEVELOPMENTS

During the month of June 2019, trading activity
on the Zimbabwe Stock Exchange (ZSE)
remained largely bullish. Consequently, the All
Share and Top 10 indices increased by 8.87%
and 7.77%, to close the month under review at
204.75 points and 197.21 points, respectively.


Figure 11: Zimbabwe Stock Exchange All
Share and Top 10 Indices
Source: Zimbabwe Stock Exchange, 2019
The industrial and mining indices registered
gains of 8.77% and 13.04%, to close at 683.51
points and 255.26 points, respectively.

On a year-on-year basis, the industrial and
mining indices grew by 99.40% and 58.27%,
from 342.79 points and 161.28 points recorded
in June 2018, respectively.


Construction,
2.70%
Transport and
Communication,
Mining,
6.85%
Fin
Organ &
Invest,
9.14%
Distrubution,
12.75%
Services,
12.07%
Manufacturing,
10.07%
Agriculture,
19.47%
Households,
24.62%
Other,

30-Jun-18
31-Jul-18
31-Aug-18
30-Sep-18
31-Oct-18
30-Nov-18
31-Dec-18
31-Jan-19
28-Feb-19
31-Mar-19
30-Apr-19
31-May-19
30-Jun-19
Top 10 Index
All Share Index
All Share Index
Top 10 Index

Figure 12: Zimbabwe Stock Exchange
Indices
Source: Zimbabwe Stock Exchange, 2019
The volume of shares traded on the ZSE
increased by 23.51%, to close the month under
review at 293.14 million shares. Similary, the
value of shares rose by 21.69% to $235.49
million, during the same month.

Figure 13: ZSE Monthly Volumes and
Values Traded
Source: Zimbabwe Stock Exchange, 2019
ZSE market capitalisation increased by $2.10
billion, or 8.42% to $27.02 billion. On an annual
basis, ZSE market capitalisation registered an
increase of 175.91%, from 9.79 billion recorded
in 2018.
INFLATION OUTTURN

Annual Inflation

Annual headline inflation increased by 77.8
percentage points from 97.9% in May 2019 to
175.7% in June 2019, driven by increases in
both food and non-food prices.
Food inflation accelerated to 251.9% in June
2019, from 126.43% recorded in May 2019.
Non-food inflation increased from 85.94% in
May 2019 to 142.8% in June 2019. Figure 14
shows the annual inflation profile.

Figure 14: Annual Inflation (%)

Source: ZIMSTAT, 2019


Monthly Inflation

Month-on-month inflation stood at 39.3% in
June 2019 from 12.54% in May 2019, also
driven by both food and non-food prices.

Food inflation rose from 17.63% in May 2019,
to 55.1% in June 2019, underpinned by
increases in bread and cereals, meat and
vegetables, among others.

Mining Index Points
Industrial Inedx Points
Industrial
Mining

1,000
1,100
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Values Traded ($ millions)
Volumes Traded (milions)
Volume
Turnover

Food
Non-Food
Overall

Non-food inflation increased from 10.12% in
May 2019 to 31.2% in June 2019. This was
largely on account of increases in housing, water
and energy; transport and furniture and
household goods, among others.

Figure 15: Month-on-Month Inflation (%)
Source: ZIMSTAT, 2019

NATIONAL PAYMENTS SYSTEM


Transactions processed through the National
Payment System registered an increase of
16.9% to $30.16 billion in June 2019, from
$25.80 billion in May 2019. The volume of NPS
transactions processed, however, declined by
1.7% to 181.9 million, from 185.1 million
during the same period.

Zimbabwe Electronic Transfer Settlement
System (ZETSS)

The value of transactions processed through the
RTGS system amounted to $17.88 billion, a
59.29% increase from $14.67 billion recorded in
May 2019. Transaction volumes increased by
0.39%, to close at 705,958 in June 2019 from
642,585 in May 2019.

Figure 16: ZETSS Volumes and Values

Source: Reserve Bank of Zimbabwe, 2019

Cash transactions

Cash based transaction values increased by
17.8%, from $615.5 million in May 2019 to
$724.76 million in June 2019.

Mobile and Internet Based Transactions
The total value of mobile and internet based
transactions
increased
by
12.6%,
from
$8.6 billion in May 2019 to $9.67 billion in June
2019.
Card Based Transactions
Card based transactions stood at $1.49 billion in
June 2019, reflecting a 6.1% increase from $1.4
billion in May 2019.
Cheque Transactions
Cheque transactions declined by 10.8% to $3.73
million in June 2019, from $4.19 million in May
2019.
JULY 2019
RESERVE BANK OF ZIMBABWE

May-18
Jul-18
Sep-18
Nov-18
Jan-19
Mar-19
May-19


Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Value in $ Billions
Volume in Thousands
Volume
Value

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. Total External Debt Outstanding by Debtor

11. Exchange Rates

12. Zimbabwe Stock Market Statistics

13. National Payments System Statistics


13.1 Values of Transactions

13.2 Volumes of Transactions

14. Merchandise Trade Statistics

Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
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

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,2019
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 ZWL$ since the introduction of the interbank foreign exchange market in February 2019
TABLE 1: DEPOSITORY CORPORATIONS SURVEY (ZWL$ '000)

Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Net Foreign Assets
-1,217,451.12
-1,275,444.50 -1,513,864.28 -1,555,285.99 -1,455,053.24 -1,541,066.06 -1,758,219.23 -1,766,538.71 -4,676,973.98 -6,110,320.34 -6,756,572.48 -11,352,535.79 -14,602,968.79
Claims on Non Residents

Official Reserves Assets

Other Foreign Assets

Less Liabilities to Non Residents

Short Term Liabilities

Other Foreign Liabilities

Net Domestic Assets (NDA)

Domestic Claims

Net Claims on Central Government

Claims on Central Government

Of which: Securities Other than Shares

Loans

Loans and Advances

Legacy Debt

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 Incl. foreign currency clearing balances
Monetary Base

Bond Coins

Bond Notes

Liabilities to ODCs

Reserve Deposits

Other

Private Deposits

Source: Reserve Bank of Zimbabwe,2019
TABLE 2: CENTRAL BANK SURVEY (ZWL$'000)

Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
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)
8,741,831.36

9,132,705.19


Domestic Claims
6,989,263.27

7,168,985.87


Net Claims on Central Government
2,783,534.43

3,262,756.31


Claims on Central Government
2,872,745.05

3,295,887.08


Securities
2,865,309.79

3,291,375.03


Loans
7,435.26

4,512.05


Other
-

-

-

-

-

-

-

-

-

-

-

-

-

Less Liabilities to Central Government
89,210.62

33,130.77


Of which: Deposits
89,210.62

33,130.77


Other

Claims on Other Sectors
4,205,728.83

3,906,229.56


Other Financial Corporations
42,406.27

43,993.11


State and Local Government
49,509.94

54,356.85


Public Non Financial Corporations
222,545.56

181,987.35


Private Sector
3,891,267.06

3,625,892.25


Claims on the Central Bank
3,089,939.84

3,471,170.30


Currency
8,986.260

20,609.732


Other Claims including Reserves
3,080,953.58

3,450,560.57


Liabilities to the Central Bank
119,810.71

118,944.97


Other Items(Net)
1,217,561.04

1,388,506.01


Shares and Other Equity
1,632,378.01

1,758,871.23


Liabilities to other ressident sectors
21,559.36

32,602.91


Other Items(Net)
(436,376.33)

(402,968.13)


Deposits and Securities Included in Broad Mone
8,451,064.87

8,908,463.53


Deposits Included in Broad Money
8,384,220.79

8,818,964.20

8,892,333.01

9,192,282.61

9,163,326.94

9,179,384.09

9,432,073.48

9,249,189.49

9,796,911.59

9,999,066.93

10,698,817.40

12,307,411.86

14,024,153.85

Transferable Deposits


7,782,391.98

8,323,687.16

8,562,013.77

9,211,180.01

10,695,596.51

12,595,266.96

of which FCAs
149,041.84
139,613.34
343,305.00

418,087.02

1,190,521.05

1,417,836.22

1,753,489.14

3,031,536.97

3,887,787.41

Other Deposits
1,459,140.37

1,501,520.77

1,524,244.03

1,488,981.24

1,427,834.38

1,430,427.17
1,508,902.47


Money Market Instruments
66,844.08

89,499.33

66,484.46

52,419.97

61,703.77

50,864.73

58,584.04

59,302.10

71,792.12

74,503.10

90,813.24

139,439.93

171,667.83

Source:Reserve Bank of Zimbabwe,2019
TABLE 3 : OTHER DEPOSITORY CORPORATIONS SURVEY ( ZWL$ '000)

Foreign
TOTAL
End of
Notes
Bond
&
Balances
Balances with
Balances
Other Claims
Local
Other
Notes &
Coin
with
Other Depository
with
on
Government
1 Governemt
Other

Government
Local
Public
Institutional
Other cliams
Contigent Assets
Other Assets
Non Financial
Coins
RBZ
Corporations
Foreign Banks
Non-residents
Securities
securities
Government
Enterprises
Units
Assets

Jun
7.4

57.1

1,674.9

350.3

92.1


Jul
7.1

45.2

1,807.4

302.3

63.1


Aug
12.3

40.6

2,061.9

276.6

165.3


Sep
12.0

38.1

2,110.4

226.8

179.7


Oct
8.7

41.8

2,139.3

254.1

190.8


Nov
9.8

46.1

2,315.5

289.8

184.2


Dec
12.6

58.1

2,592.0

276.0

213.4


Jan
23.4

66.9

2,528.5

291.2

111.9


Feb
20.0

46.8

2,516.8

347.6

114.2


Mar
16.7

57.9

2,457.7

312.8

139.2


Apr
14.9

61.9

2,423.5

337.0

120.8


May
14.2

71.7

2,543.0

477.8

138.6


Jun
9.0

58.5

3,081.0

509.8

120.0


Jul
20.6

61.9

3,450.6

466.4

111.6


Aug
23.1

72.3

3,475.7

377.8

105.3


Sep
18.2

61.5

3,781.6

398.1

159.1


Oct
39.9

70.4

3,771.3

368.3

185.5


Nov
30.6

84.6

3,696.3

300.6

209.8


Dec
20.5

94.5

3,949.5

439.6

235.5


Jan
49.0

113.4

3,901.0

401.9

261.6


Feb
59.7

256.8

3,764.8

357.1

570.4


Mar
62.5

263.2

3,891.0

432.9

739.3


Apr
45.2

363.5

4,153.9

578.9

1,031.9


May
98.7

484.2

4,089.2

694.1

1,890.1


Jun
126.3

882.2

4,518.6

560.2

2,383.0


Source:Reserve Bank of Zimbabwe,2019
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

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

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

Source:Reserve Bank of Zimbabwe,2019
TABLE 4.2 : OTHER DEPOSITORY CORPORATIONS - LIABILITIES
Deposits
Amounts Owing to
ZWL$ millions

TOTAL
End of
Foreign
Bond
Notes
Balances
Balances with
Balances
Other Claims
Local
Public
Other
Contigent
Non Financial
Notes &
&
with
Other Depository
with
on
Government

Local Governemt
Public Enterprises
Other

Government
Government
Enterprises
Institutional Units

Other claims
Assets
Other Assets
Assets
Coins
Coin
RBZ
Corporations
Foreign Banks
Non-residents
Securities
securities

Jun
7.0

53.3

1,578.5

141.4

82.2

110.6

1,786.8

-

16.0

35.0

47.9

16.5

82.2

2,583.5

23.9

533.5

273.6

497.3

7,869.2

Jul
6.7

40.9

1,684.5

137.6

53.7

103.6

1,752.4

-

26.1

34.4

45.2

16.9

116.3

2,495.4

24.2

513.6

295.5

482.1

7,829.0

Aug
11.8

37.1

1,882.4

124.3

161.2

7.9

1,856.2

-

26.3

64.6

41.3

18.0

145.0

2,538.1

23.8

531.8

272.6

485.7

8,228.1

Sep
11.4

35.8

1,961.8

109.6

172.7

31.3

1,998.0

-

23.5

65.0

41.5

15.6

118.2

2,585.7

28.3

472.8

281.3

487.7

8,440.0

Oct
8.1

40.5

1,961.8

143.7

175.7

61.0

2,106.6

-

24.4

65.1

34.8

17.8

99.1

2,607.0

29.4

432.4

287.8

508.9

8,604.1

Nov
9.0

45.1

2,126.7

161.1

174.7

74.3

2,230.4

-

23.5

65.4

32.3

19.6

106.9

2,618.1

26.4

417.7

324.2

511.4

8,966.9

Dec
11.4

55.3

2,373.9

141.5

203.5

66.6

2,128.7

-

23.5

66.3

29.4

19.4

145.0

2,579.8

40.0

508.3

324.5

536.4

9,253.6

Jan
22.4

64.1

2,294.5

192.1

103.4

81.9

2,143.2

-

23.5

65.9

26.3

20.6

154.8

2,451.1

28.7

501.0

294.2

538.9

9,006.6

Feb
18.3

44.0

2,296.8

223.7

108.3

96.2

2,109.3

-

23.5

66.1

24.3

21.1

145.0

2,461.5

28.7

507.8

290.6

536.3

9,001.5

Mar
14.8

53.6

2,238.8

240.7

124.5

99.5

2,164.0

-

23.5

66.7

19.2

15.9

127.1

2,535.8

30.4

504.1

325.8

552.3

9,136.6

Apr
13.5

56.7

2,207.9

275.0

116.7

78.5

2,314.9

-

24.7

67.0

13.4

20.9

120.8

2,519.8

28.3

532.0

299.0

554.9

9,244.0

May
12.9

62.8

2,309.0

339.5

130.1

85.7

2,562.4

-

25.0

66.9

8.4

20.9

134.0

2,556.2

23.9

458.9

307.9

555.3

9,659.8

June
7.5

52.6

2,848.5

331.8

117.3

84.1

2,538.3

-

26.2

66.5

7.4

19.4

196.0

2,662.2

25.5

551.4

302.9

563.4

10,401.0

July
17.9

54.3

3,189.6

281.1

109.3

95.4

2,949.2

-

-

67.5

4.5

21.0

182.0

2,414.6

26.0

611.4

322.5

565.1

10,911.4

Aug
21.0

67.8

3,196.7

232.3

102.5

66.3

3,014.9

-

-

67.3

7.1

20.6

186.7

2,491.0

29.8

647.7

329.4

566.3

11,047.4

Sep
16.3

58.2

3,487.9

305.3

137.8

78.0

2,789.8

-

45.2

68.1

5.4

20.4

212.2

2,577.1

36.7

637.4

357.4

571.8

11,405.0

Oct
33.1

68.0

3,505.8

272.1

173.1

51.4

2,728.8

-

45.2

68.4

4.6

9.4

188.8

2,697.4

38.7

647.5

353.2

569.2

11,454.9

Nov
25.8

81.4

3,384.4

264.6

198.2

63.9

2,793.9

-

45.2

68.7

7.0

8.1

217.7

2,672.3

46.1

633.2

406.6

569.8

11,486.9

Dec
18.2

89.9

3,737.0

317.3

224.4

74.8

2,633.7

-

43.4

69.2

6.2

9.2

204.3

2,707.6

53.7

573.8

406.2

633.9

11,802.7

Jan
42.05

106.91

3,766.70

338.09

249.77

46.14

2,621.20

-

61.02

68.66

4.41

8.06

189.15

2,594.53

33.84

517.24

428.82

649.94

11,726.5

Feb
52.63

238.67

3,601.94

293.36

549.59

205.65

2,675.29

-

60.52

2.00

5.84

7.71

208.31

2,784.17

31.04

490.74

472.78

696.82

12,377.1

Mar
59.17

244.62

3,729.81

393.22

712.08

55.05

2,635.68

-

61.52

4.53

4.27

9.53

340.66

2,660.90

25.33

523.72

755.57

971.53

13,187.2

Apr
40.82

331.97

3,876.83

492.10

981.80

91.75

2,590.97

-

61.79

3.95

3.98

9.62

407.85

2,721.57

24.55

620.52

935.27

1,002.47

14,197.8

May
94.59

444.70

3,886.07

571.50

1,747.69

154.08

2,508.43

-

62.12

4.20

3.93

9.43

636.78

3,056.86

34.46

910.14

1,832.95

1,142.77

17,100.7

Jun
119.69

810.71

4,104.17

413.18

2,244.98

538.88

2,596.97

-

63.09

6.62

3.89

8.73

929.36

3,667.45

37.02

1,606.53

1,374.23

1,621.33

20,146.8

Source:Reserve Bank of Zimbabwe,2019
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

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

Source:Reserve Bank of Zimbabwe,2019
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

Jun
0.3

3.7

65.9

208.8

9.8

-

165.3

19.0

-

-

387.6

-

452.9

109.6

126.0

1,548.8

Jul
0.4

3.9

105.8

164.6

9.2

-

168.4

17.2

-

-

391.9

-

451.9

110.9

127.3

1,551.5

Aug
0.4

3.1

142.8

152.0

3.9

-

186.7

16.3

-

-

409.3

-

465.5

104.7

127.2

1,611.9

Sep
0.6

1.8

108.4

117.0

6.7

-

193.0

16.1

-

-

412.7

-

475.2

113.4

130.1

1,574.8

Oct
0.6

1.1

145.7

110.0

14.8

-

193.9

15.4

-

-

420.7

-

493.6

149.9

130.4

1,676.0

Nov
0.7

0.9

138.8

128.4

8.7

-

193.6

18.8

-

-

420.9

-

489.0

160.4

133.0

1,693.3

Dec
1.0

2.6

170.6

134.3

9.1

-

195.1

26.8

-

-

402.3

-

516.8

163.2

135.5

1,757.3

Jan
0.9

2.3

197.4

98.7

7.8

-

129.8

34.5

-

-

413.2

-

508.7

144.9

136.1

1,674.3

Feb
1.5

1.8

172.4

123.5

5.5

-

141.3

33.5

-

-

414.8

-

507.9

125.7

135.7

1,663.6

Mar
1.4

3.4

175.9

72.1

14.1

-

212.6

32.8

-

-

411.4

-

539.4

142.8

132.3

1,738.2

Apr
1.1

4.3

185.5

61.9

3.6

-

184.4

32.0

-

-

413.3

-

582.7

141.6

135.2

1,745.7

May
1.0

7.6

196.3

138.2

8.1

-

191.0

30.9

-

-

415.0

-

608.4

128.1

137.4

1,862.0

June
1.2

4.9

188.6

177.8

1.9

-

266.2

30.1

-

-

413.9

-

614.3

124.0

141.5

1,964.5

July
1.8

6.6

207.1

185.1

1.7

-

283.2

33.3

-

-

423.5

-

636.1

128.2

141.1

2,047.7

Aug
1.6

3.7

224.7

145.3

2.4

-

288.9

32.2

-

-

428.2

-

579.4

139.1

143.7

1,989.2

Sep
1.9

2.9

245.6

92.6

20.8

-

291.1

31.2

-

-

430.3

-

650.2

148.1

144.4

2,059.1

Oct
4.9

2.1

220.0

95.8

11.9

-

318.9

30.2

-

-

427.7

-

639.8

154.2

147.0

2,052.5

Nov
3.6

2.9

243.3

35.7

10.4

-

320.7

28.9

-

-

433.5

-

635.7

148.0

145.8

2,008.5

Dec
2.3

4.3

157.4

121.3

10.4

-

339.4

28.0

-

-

444.8

-

645.9

179.7

151.9

2,085.6

Jan
6.3

4.6
108.2

63.5
10.9

-

343.8

27.3
33.6

-

438.0

-

649.3

136.7
151.2

1,973.3

Feb
5.4

17.6
120.6

62.8
18.1

-

339.6

26.5
-

-

416.1

-

696.1

171.1
156.7

2,030.8

Mar
2.6

18.0
126.3

38.6
23.9

-

331.7

25.5
-

-

415.1

-

710.1

172.1
207.4

2,071.2

Apr
3.7

30.6
220.3

85.0
47.6

-

271.6

25.0
-

-

414.1

-

705.0

169.0
276.2

2,247.8

May
3.9

38.4
162.2

115.4
139.0

-

345.5

23.9
-

-

406.2

-

776.6

165.7
363.4

2,540.1

Jun
6.3

69.8
361.6

144.5
132.4

-

265.8

22.6
-

-

421.7

-

873.6

210.5
473.0

2,981.8

Source:Reserve Bank of Zimbabwe,2019
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 6.1: BUILDING SOCIETIES -ASSETS
ZWL$ millions
Debt Securities
Loans and Advances

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

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

Source:Reserve Bank of Zimbabwe,2019
Amounts Owing to
TABLE 6.2: BUILDING SOCIETIES -LIABILITIES
ZWL$ millions

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


INVESTMENTS
ORGANISATIONS

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

Source:Reserve Bank of Zimbabwe,2019
/1 Including the only merchant bank still in operation.
TABLE 7.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES/1
ZWL$ ('000)

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

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

Source: Reserve Bank of Zimbabwe,2019
TABLE 7.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS
ZWL$ ('000)

End of
Nominal Lending
Rates 1
Individuals
Corporate

Jan
4.00-18.00
10.61
6.68
Feb
4.00-18.00
10.06
6.52
Mar
4.00-18.00
9.12
7.02
Apr
4.00-18.00
9.25
7.02
May
4.00-18.00
9.17
7.03
Jun
4.00-18.00
9.01
7.05
Jul
4.00-18.00
8.94
7.05
Aug
4.00-18.00
8.88
6.95
Sep
4.45-18.00
8.86
7.01
Oct
4.45-18.00
9.66
7.06
Nov
4.45-18.00
9.66
7.03
Dec
4.45-18.00
9.39
7.00

Jan
4.45-18.00
9.33
6.99
Feb
4.45-18.00
9.57
6.93
Mar
4.45-18.00
9.64
6.98
Apr
4.00-18.00
9.32
7.08
May
4.00-18.00
9.28
7.09
Jun
4.00-18.00
9.32
7.14
Jul
4.00-18.00
9.75
6.97
Aug
4.00-18.00
9.87
7.10
Sep
4.00-18.00
9.56
7.11
Oct
4.00-18.00
9.47
7.38
Nov
4.00-18.00
9.49
7.38
Dec
4.00-18.00
9.48
7.39

Jan
4.00-18.00
9.47
7.40
Feb
4.00-18.00
9.23
7.30
Mar
4.00-18.00
9.23
7.31
Apr
4.00-18.00
9.30
7.38
May
4.00-22.00
9.31
7.33
Jun
4.00-22.00
9.15
7.67
Source:Reserve Bank of Zimbabwe, 2019
Notes
TABLE 8.1: LENDING RATES (percent per annum)
1. Nominal lending rates depict the range of rates quoted by banks.
Commercial Banks
Weighted Lending Rates

END OF
SAVINGS
3 MONTHS

Jan
0.50-6.00
1.00-17.00
Feb
0.50-6.00
1.00-17.00
Mar
0.50-6.00
1.00-17.00
Apr
0.50-6.00
1.00-17.00
May
0.50-6.00
1.00-9.50**
Jun
0.50-6.00
1.00-12.00
Jul
0.50-6.00
1.00-12.00
Aug
0.50-6.00
1.00-12.00
Sep
0.50-12.00
0.75-8.00
Oct
0.50-12.00
0.75-8.00
Nov
0.50-12.00
0.75-8.00
Dec
0.50-12.00
0.75-8.00

Jan
0.22-12.00
0.75-8.00
Feb
0.22-12.00
0.75-8.00
Mar
0.22-12.00
0.75-8.00
Apr
0.22-12.00
0.75-8.00
May
0.22-12.00
0.75-8.00
Jun
0.22-12.00
0.75-8.00
Jul
0.22-12.00
0.75-8.00
Aug
0.22-12.00
0.75-8.00
Sep
0.22-12.00
0.75-8.00
Oct
0.22-12.00
0.75-8.00
Nov
0.22-12.00
1.00-8.00
Dec
0.22-12.00
1.00-6.75

Jan
0.22-12.00
1.00-8.00
Feb
0.22-12.00
1.00-6.75
Mar
0.22-12.00
1.00-8.00
Apr
0.22-12.00
1.00-8.00
May
0.22-12.00
1.00-8.00
Jun
0.22-12.00
1.00-8.00
Source:Reserve Bank of Zimbabwe, 2019
* Deposit rates depict the range of rates qouted by banks.
**Banks have adjusted their costs of holding deposits following the call by the RBZ to reduce lending rates.
TABLE 8.2 : BANK DEPOSIT RATES (percent per annum)
COMMERCIAL BANKS

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

FOOD & NON
ALCOHOLIC
BEVERAGES
ALL
ITEMS
TABLE 9.1 : MONTHLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX
(February 2019 = 100)

F OOD
IN F LA TION
A LC OHOLIC
C LOTHIN G
HOUS IN G,
WA TER ,
F UR N ITUR E
M IS C .
F OOD &
B EVER A GES
&
ELEC TR IC TY,
GA S
A N D
R EC R EA TION
&
R ES TA UR A N TS
&
GOOD S &
TOTA L N ON
N ON
A LC OHOLIC
A LL
& TOB A C C O
F OOTWEA R
& OTHER
EQUIP M EN T
C ULTUR E
HOTELS
S ER VIC ES
F OOD
B EVER A GES
ITEM S
F UELS
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

Source:Zimstat, 2019
TABLE 9.2 : YEARLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX
(February 2019 = 100)
C OM M UN IC A TION
TR A N S P OR T
HEA LTH
ED UC A TION
N ON -F OOD IN F LA TION

End Period

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


Short-Term External Debt
1,348
2,040
1,286


Supplier's Credits

Reserve Bank

1,300

Private


Total External Debt

TABLE 10: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS)

USA
SOUTH ARFICAN
BOTSWANA
JAPANESE
EURO/2
POUND
END OF
Dollar
RAND/1
PULA/1
YEN/1
STERLING/2

Mar

Apr

May

Jun

Source: Reserve Bank of Zimbabwe, 2019
TABLE 11 : SELECTED INTERNATIONAL EXCHANGE RATES
1. Foreign currency per ZWL$ dollar.

Market Capitalisation
END OF
All Share*
ZWL$ millions

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

Source:Zimbabwe Stock Exchange ,2019
*All Share index was introduced in January 2018
TABLE 12: ZIMBABWE STOCK MARKET STATISTICS
Industrial
Market Turnover
ZWL$ million
Volume of Shares
Mining
Indices

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

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Source:Reserve Bank of Zimbabwe, 2019
TABLE 13.1 : ZETSS AND RETAIL PAYMENTS
Values of Transactions (ZWL$ millions)

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan
350.0
26.7
12,756.3 1,173.6 27,550.1 191.0
Feb
326.3
27.8
8,952.0 953.5 26,820.1 207.0
Mar
414.2
31.0
11,124.0 922.2 35,604.1 244.1
Apr
363.7
21.6
13,595.5 652.9 40,089.0 231.0
May
531.8
27.8
16,623.4 820.6 47,019.1 323.3
Jun
525.0
29.3
17,466.2 696.9 53,738.1 342.1
Jul
521.8
30.0
20,013.7 636.1 61,162.4 382.6
Aug
541.5
26.6
20,303.0 595.6 70,771.6 419.1
Sep
620.0
27.2
20,731.0 478.0 83,303.0 432.0
Oct
609.6
27.2
23,764.6 475.1 92,540.6 478.9
Nov
575.3
25.6
22,748.6 347.3 97,945.2 473.0
Dec
524.2
19.2
26,779.1 347.2 118,198.9 524.8
Annual Total
5,903.4
320.1
214,857.4 8,099.0 754,742.1 4,248.84

Jan
548.1
22.7
20,981.2 449.6 100,593.9 501.8
Feb
457.2
22.5
18,869.0 292.2 89,584.3 463.8
Mar
545.2
23.7
21,996.8 268.4 116,120.0 510.5
Apr
505.5
17.4
21,170.0 253.6 117,616.8 457.0
May
611.1
21.2
23,278.2 213.2 137,423.0 496.6
Jun
553.6
22.5
23,790.0 175.2 156,609.8 502.2
Jul
560.2
20.1
25,075.5 223.1 169,416.8 559.6
Aug
553.0
15.1
25,249.9 317.4 164,918.0 518.7
Sep
543.0
19.4
24,918.0 300.8 161,289.5 511.3
Oct
571.6
20.4
21,025.4 345.5 161,427.4 496.0
Nov
477.4
16.7
17,845.4 334.9 133,862.1 430.6
Dec
478.6
13.0
27,419.1 236.2 161,540.7 409.1
Annual Total
6,404.4
234.6
271,618.6 3,410.1 1,670,402.1 5,857.13

Jan
401.5
12.2
40,613.8 232.6 135,481.1 413.4
Feb
456.5
16.4
27,811.2 226.8 119,081.1 463.6
Mar
525.9
15.4
30,417.6 248.9 142,597.8 441.0
Apr
535.0
13.7
32,092.5 168.8 157,348.3 390.1
May
642.6
14.7
15,542.6 121.4 166,491.6 494.3
Jun
706.0
13.3
18,012.1 79.6 160,873.0 486.8
Source:Reserve Bank of Zimbabwe, 2019
TABLE 13.2 : ZETSS AND RETAIL PAYMENTS
Volumes of Transactions (ZWL$ 000's)

END OF
EXPORTS
IMPORTS
TOTAL TRADE TRADE BALANCE

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total


Jan

Feb

Mar

Apr

May

Jun

Source: Zimstat, 2019
TABLE 14 : MERCHANDISE TRADE STATISTICS
(US$ millions)