i


JULY 2019

TABLE OF CONTENTS


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

June

July
Month-on-
Month Change
(%)
Monthly Inflation1 (%)
39.26
21.04
-
National
Payment
System
Transactions2 (US$ billions)
30.16
38.40
16.9
Money Supply2 (US$ millions)
13,009.04
14,767.89
13.52
Money
Supply
(M3)
Annual
Growth2 (%)
57.51
66.99
-
Nominal Lending Rate2 (% per
annum)
4.00-22.00
4.00-22.00
-
Z.S.E All share Index3
204.75
187.12
8.87
Z.S.E. Mining Index3
255.26
244.58
13.04
Z.S.E. Industrial Index3
683.51
624.41
40.74
SELECTED ECONOMIC INDICATORS

INTERNATIONAL COMMODITY PRICE
DEVELOPMENTS

International commodity prices for precious
metals, base metals and crude oil increased,
during the month of July 2019.


Precious Metals
Gold prices rose by 5.8%, from a monthly
average of US$1,287.04/oz in June 2019, to
US$1,358.75/oz in July 2019. The rebound in
prices followed 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, however, declined by 3.1%,
from a monthly average of US$886.85/oz in
June 2019 to US$807.9/oz in July 2019. The
decline was largely due to slowing global
demand,
particularly
from
automotive
industries.


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

Base Metals
Copper prices rebounded during the month
under review, as robust output and investment
data from China helped to boost positive
sentiment in industrial metals markets. In the
outlook period, however, the demand for copper
will continue to be dampened by the on-going
trade tensions between the US and China.
Against this backdrop, copper prices rose by
0.9%, from US$5,885.7 per tonne in June 2019,
to US$5,939.3 per tonne in July 2019.

Similarly, nickel prices increased by 13.2%, to
US$13,533.4 per tonne in July 2019, from
US$11,954.8 per tonne in June 2019. Prices
were further supported by speculative buying, as
investors anticipated that growth in electric
vehicles would boost demand for the metal for
the manufacture of car batteries.


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

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

Jul-18
Sep-18
Nov-18
Jan-19
Mar-19
May-19
Jul-19
Nickel US$/ton
Copper US$/ton
Copper
Nickel (RHS)

Brent Crude Oil
During the month of July 2019, international oil
prices firmed, due to signs of tight supply
conditions, as major producers cut nearly a third
of offshore production in the Gulf of Mexico,
due to the tropical storm. The increase in oil
prices was, somewhat moderated, by concerns
of slackening global demand, occasioned by the
escalating trade disputes between the US and
China. Crude oil prices increased by 2.0%, from
US$63.1 per barrel in June 2019 to US$64.4 per
barrel, during the month under analysis.
Figure 3: International crude oil prices
(US$/barrel)

Source: Bloomberg, 2019

MERCHANDISE


TRADE
DEVELOPMENTS

The country’s total merchandise trade declined
by 6.0%, to close at US$656.4 million in July
2019, from US$698.4 million recorded in the
previous month. This was, largely underpinned,
by the significant slowdown in merchandise
imports.

Merchandise Exports
Monthly merchandise exports rose by 24.9%,
from US$239.8 million in June, to US$299.5
million in July 2019. The increase was
attributable to a rise in export earnings from
gold (40.8%); nickel ore & concentrates
(27.8%); and ferrochrome (28.1%).
Figure 4: Merchandise Exports (US$ m)

Source: ZIMSTAT, 2019


The country’s export basket remained largely
concentrated in a few primary and semiprocessed commodities, which included; PGMs;
gold;
ferrochrome;
flue-cured
tobacco;
diamonds; and cane sugar. These commodities
contributed about 80.2% of the country’s export
earnings for the month of July 2019.

Table 1 shows the major export commodities for
the months of June 2019 and July 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
Jul-19
US$/barrel

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

Table 1: Exports Classified by Harmonised
Commodity Description and Code System
Commodity
June-19
July-19
July
Share of
Total
(%)
*Nickel
ores
&
concentrates1
72.4
92.5
30.9
Semimanufactured gold
62.2
87.6
29.2
Ferro-chromium
16.1
20.7
6.9
Flue-cured tobacco
17.5
18.6
6.2
Industrial
diamonds
8.4
8.8
2.9
Cane Sugar
5.0
6.3
2.1
*Unwrought
Platinum1
5.2
5.8
1.9
Macadamia nuts
2.0
3.3
1.1
Chromium ores and
concentrates
3.9
3.0
1.0
Coke and semi-coke
(coal)
1.7
2.9
1.0
*Nickel Mattes1
1.4
0.5
0.2
Other
44.1
49.52
12.3
Total
239.8
299.5
100.0
Source: ZIMSTAT, 2019 & RBZ Calculations, 2019
The country’s major export destinations
included South Africa, which absorbed 32.8%
of total exports, followed by Singapore,
(28.9%); China, (9.7%); India (2.7%); and UK
(2.6%).


1 Nickel ores and concentrates, nickel mattes and
unwrought platinum are components of the platinum
group of metals (PGMs).
Figure 5: Top Five Merchandise Export
Destinations (% Share)
Source: ZIMSTAT, 2019 & RBZ Calculations, 2019

Merchandise Imports
Merchandise imports registered a decline of
22.2%, from US$458.6 million in June to
US$357.0 million in July 2019. The decline was
largely underpinned by lower imports of fuel,
notably diesel and petrol, as shown in Table 2.


S.A
Singapore
China
India
U.K.
U.A.E
Japan
Other

Table 2: Imports Classified by Harmonised
Commodity Description and Code System
Commodity
June
US$ m
July
US$ m
Share of
Total
Imports
(%)
Diesel
112.4
78.3
21.9
Unleaded petrol
46.4
24.2
6.8
Wheat
2.2
9.7
2.7
Electricity
6.2
5.8
1.6
Medicines
10.6
4.8
1.3
Crude soybeans
12.6
4.5
1.3
Ammonium
Nitrate
6.7
4.1
1.1
Road
Construction
Machinery
2.7
3.9
1.1
Vehicles (Goods)
2.6
3.5
1.0
Packaging
Material
0.9
2.9
0.8
Other
255.2
215.3
60.3
Source: ZIMSTAT, 2019 & RBZ Calculations, 2019
The country’s major import sources were as
follows: South Africa (40.6%); Singapore
(26.1%); China (8.0%); Zambia (4.0%) and
India (2.7%), as shown in Figure 6.
Figure 6: Top Five Merchandise Import
Sources (% Share).
Source: ZIMSTAT, 2019 & RBZ Calculations, 2019
Merchandise Trade Balance
The increase in exports, on the back of a slump
in imports, culminated in a significant
improvement in the country’s trade balance,
from a deficit of -US$218.8 million in June
2019, to a deficit of -US$57.5 million in July
2019.
Figure 7: Merchandise Trade Balance
(US$ m)
Source: ZIMSTAT, 2019 & RBZ Computations, 2019

South Africa
Singapore
China
Zambia
India

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

MONETARY DEVELOPMENTS2
Broad money3 grew by 81.98% to $17.08
billion in July 2019, from $9.38 billion in July
2018. The growth was partly attributed to
expansion in foreign currency accounts included
in transferable deposits, owing to exchange rate
depreciation.

The annual growth in money supply was
reflective of increases in transferable deposits,
100.96%; negotiable certificates of deposits
(NCDs), 87.90%; time deposits, 9.28%; and
currency in circulation, 8.87%.

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

On a month -on-month basis, broad money rose
by 15.63%. The growth largely reflected the
16.59% expansion in transferable deposits.

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 in domestic currency
accounted for 62.97% of total money supply,
followed by foreign currency accounts deposits,
23.72%; time deposits, 9.61%; currency in
circulation, 2.72%; and negotiable certificates
of deposits, 0.98%, as shown in Figure 9.
Figure 9: Composition of Money Supply

Source: Reserve Bank of Zimbabwe, 2019
Following the increase in money supply, credit
to the private sector increased from $3.35 billion
in July 2018 to $5.55 billion in July 2019. This
translated to an annual increase of 52.09% in
July 2019, compared to 16.13% recorded in
June 2019.
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.

-

Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
%
$ Billions
M3
M3 Annual Growth rate
Demand
deposits
62.71%
FCA
deposits
23.72%
Time
Deposits
9.61%
Currency in
Circulation
2.72%
Negotiable
Certificates
of Deposits
0.98%

On a month-on-month basis, credit to the private
sector recorded a growth of 8.13%, between
June and July 2019.

Agriculture at 22.49%, took up the largest share
of credit to the private sector, followed by
households, 20.81%; distribution, 13.97%; and
services, 12.55%.
Figure 10: Distribution of Private Sector
Credit

Source: Reserve Bank of Zimbabwe, 2019
Outstanding private sector credit in July 2019
was channelled towards inventory build-up,
23.33%; other recurrent expenditures, 34.48%;
consumer durables, 21.14%; fixed capital
investment, 16.41%; and pre and post shipment
financing, 4.64%.
STOCK MARKET DEVELOPMENTS

Trading on the Zimbabwe Stock Exchange
(ZSE) was bearish, during the month of July
2019. Accordingly, the All Share and Top 10
indices declined by 8.61% and 10.77%, to close
at 187.12 points and 175.98 points, respectively.


Figure 11: Zimbabwe Stock Exchange All
Share and Top 10 Indices
Source: Zimbabwe Stock Exchange, 2019

Industrial and mining indices stood at 624.41
points and 244.58 points in July 2019, reflecting
declines of 8.65% and 4.18%, respectively.

On an annual basis, both the industrial and
mining indices grew by 62.50% and 49.14%,
from 384.25 points and 163.99 points recorded
in June 2018, respectively.


Construction,
2.21%
Transport and
Communication,
Mining,
6.74%
Fin
Organ &
Invest,
9.99%
Distrubution,
13.97%
Services,
12.55%
Manufacturing,
9.27%
Agriculture,
22.49%
Households,
20.81%
Other,

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
31-Jul-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 value of shares traded on the ZSE declined
by 18.87%, to close at $191.05 million in July
2019. In tandem, the volume of shares traded
also declined by 44.49% to 162.74 million
shares, during the same month.

Figure 13: ZSE Monthly Volumes and Values
Traded
Source: Zimbabwe Stock Exchange, 2019

The ZSE lost $2.38 billion, or 8.81% worth of
capitalization to $24.64 billion, during the
month under review. On a year-on-year basis,
however, capitalization on the local bourse
increased by 124.58% to $13.67 billion, from
$10.97 billion recorded in the previous month.
INFLATION OUTTURN


Monthly Inflation

Month-on-month inflation decelerated from
39.3% in June 2019, to 21.04% in July 2019.
The decline was reflected in both monthly food
and non-food inflation.

Monthly food inflation fell from 55.1% in June
2019 to 19.90% in July 2019, driven by bread
and cereals; meat; vegetables; and oils and fats.
Similarly, month-on-month non-food inflation
declined by 9.5 percentage points, from 31.23%
in June 2019 to 21.72% in July 2019, largely
driven by furniture and household goods;
clothing and footwear; alcoholic beverages and
tobacco; and transport.


Figure 14: Month-on-Month Inflation (%)
Source: ZIMSTAT, 2019

Mining Index Points
Industrial Inedx Points
Industrial
Mining

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

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

NATIONAL PAYMENTS SYSTEM


Transactions processed through the National
Payment System (NPS) increased by 16.9%, to
close at $38.40 billion in July 2019. In volume
terms, transactions increased by 7.4%, from
181.9 million in June 2019 to 195.3 million in
July 2019.

Zimbabwe Electronic Transfer Settlement
System (ZETSS)

The value of transactions processed through the
RTGS system registered a 30.4% increase to
close at $23.31 billion in July 2019, from $17.88
billion in June 2019. RTGS transaction volumes
also increased to 983,532 in July 2019, from
705,958 in June 2019.

Figure 15: ZETSS Volumes and Values

Source: Reserve Bank of Zimbabwe, 2019

Cash transactions

Cash based transaction values amounted to
$889.6 million in July 2019, a 22.7% increase
from $724.76 million registered in June 2019.


Mobile and Internet Based Transactions
The total value of mobile and internet based
transactions increased by 28.56%, from $9.67
billion in June 2019 to $12.43 billion in July
2019.
Card Based Transactions
Card based transactions amounted to $1.84
billion in July 2019, up from $1.49 billion in
June 2019.
Cheque Transactions
Cheque transactions declined by 0.8%, from
$3.70 million in July 2019 to $3.73 million in
June 2019.

SEPTEMBER 2019
RESERVE BANK OF ZIMBABWE


Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-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
Jul-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
Jul-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 -23,287,056.52
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
Jul-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


Reserves
3,080,953.58

3,450,560.57


Securities
0.00
Other Claims
0.00
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

16,316,355.79

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

14,675,509.25

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

4,049,120.88

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

168,169.20

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
Government1
Governemt
Other2
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


Jul
232.4

968.8

5,605.6

370.4

3,738.0


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

Jul

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
Government1
Local Governemt
Public Enterprises
Other2
Government
Government
Enterprises
Institutional Units3
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

Jul
224.75

791.31

5,081.19

275.44

3,602.89

801.93

2,640.55

-

103.36

5.49

2.18

9.00

164.58

4,043.75

32.65

1,587.68

1,873.44

1,722.66

22,962.9

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

Jul

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

Jul
6.5

174.7
473.9

89.7
131.1

-

258.3

22.2
-

-

416.0

-

934.6

203.1
565.6

3,275.8

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

Jul

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

Jul

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

Jul

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
Jul
4.00-35.00
9.54
8.40
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
Jul
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

Jul

Source:Zimstat, 2019
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

Jul

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

Jul

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

Jul

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
Jul
983.5
13.6
20,465.4 99.6 170,823.3 638.2
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

Jul

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