i


DECEMBER 2022

TABLE OF CONTENTS


Sources:
1. Zimbabwe National Statistics Agency (ZIMSTAT)
2. Reserve Bank of Zimbabwe (RBZ)
a- Percentage point.

November

December

Month-on-
Month Change
(%)

Reserve Money2 (M0) (ZW$ millions)
98,860.66
104,043.82
5.24
Money Supply2 (M3) (ZW$ millions)
2,071,311.61
2,338,226.98
12.89
Annual Inflation1 (%)
254.96
243.80
-11.16a

Blended Annual Inflation1 (%)
107.13
105.50
-1.63a
Monthly Inflation1 (%)
1.80
2.42
0.62a

Blended Monthly Inflation1 (%)
1.37
1.30
-0.07a

National Payment System Transactions2
(ZW$ billions)
4,582.65
4,990.33
8.90
Nominal Lending Rate2
(% per annum)
100.00-290.00
100.00-290.00


SELECTED ECONOMIC INDICATORS

INTERNATIONAL COMMODITY
PRICE DEVELOPMENTS

During the month of December 2022,
international commodity prices for gold,
platinum, copper and nickel firmed. Palladium
and Brent crude oil prices, however, declined.
Global market conditions for commodities
were largely influenced by a weaker U.S dollar.

Precious Metals

Gold
Gold prices rose by 3.9%, from US$1,730.52
per ounce in November 2022 to US$1,795.97
per ounce, in December 2022. Prices rose
mainly on account of a softer US dollar.

Platinum
Platinum prices remained firm in December
2022, partially supported by the depreciation of
the greenback against major international
currencies. The price of the precious metal rose
by 1.9%, from US$993.02 per ounce in the
previous month to US$1,011.50 per ounce,
during the month under review.

Palladium
Palladium prices retreated by 5.6%, from
US$1,928.52 per ounce in November 2022 to
US$1,820.88 per ounce, during the reporting
month. The auto industry continued cutting
down on production, amid sluggish global
economic activity, which undermined the
demand for the precious metal.

Figure 1 shows the developments in precious
metal prices for the period from January 2022
to December 2022.

Figure 1: Precious Metal Prices (US$/oz.)
Source: Bloomberg, 2022


Base Metals

Copper

Copper prices increased by 4.4%, from
US$8,073.74 per tonne in the previous month
to US$8,425.20 per tonne in December 2022.
This was mainly on account of the relaxation of
China's Zero-Covid-19 policy.

Nickel
During the month of December 2022, nickel
prices increased by 11.0%, from US$25,830.52
per tonne in November 2022 to US$28,681.85
per tonne. The surge in base metal prices was
mainly due to declining output in China and
global supply chain bottlenecks. These factors
constrained supply against a background of
strong demand for stainless steel and batteries
for electric vehicle manufacturing. Figure 2
shows the developments in base metal prices
for the period from January 2022 to December
2022.

Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
US$/oz.
Gold
Palladium
Platinum

Figure 2: Base Metal Prices (US$/ton)
Source: Bloomberg, 2022


Brent Crude Oil
Brent crude oil prices declined by 10.1%, from
US$90.74 per barrel in November 2022 to
US$81.54 per barrel, during the month under
review. The decline was underpinned by
stringent Covid-19 containment measures in
China, which contributed to lower global
demand.

Figure 3: Crude Oil Prices (US$/barrel)

Source: Bloomberg, 2022


MERCHANDISE TRADE
DEVELOPMENTS

Total merchandise trade amounted to US$1.36
billion in December 2022, down by 7.6% from
US$1.48 billion in the previous month. The
decline was on account of slowdowns in both
monthly exports and imports. On a year-onyear basis, however, total merchandise trade
rose by about 6.9%, from US$1.28 billion
recorded in the corresponding month in 2021.
Merchandise Exports
The country exported merchandise worth
US$633.3 million in December 2022, which
was 6.1% lower than the previous month’s
outturn of US$674.6 million. The decline in
month-on-month
exports
was
largely
underpinned by lower export earnings for gold
and
PGMs,
owing
to
tapering
global
commodity
prices.

Compared
to
the
corresponding month in 2021, merchandise
exports for the reporting month were 7.1%
higher. Figure 4 shows monthly developments
in the country’s merchandise trade for 2021 and
2022.

Figure 4: Merchandise Exports (US$ m)

Source: ZIMSTAT, 2022


Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Nickel US$/ton
Copper US$/ton
Copper
Nickel (RHS)

Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
US$/barrel

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Merchandise Exports (US$m)

The country’s export basket continued to be
dominated by primary commodities and in
particular tobacco, PGMs, gold and industrial
diamonds, which contributed more than three
quarters of export earnings in the reporting
month. Notably, tobacco exports reached a
peak during the month under review, due to the
cyclical nature of its export cycle, which peaks
in the last quarter of each year.

Table 1 shows developments in the country’s
exports for the months of November and
December 2022.

Table 1: Exports Classified by Harmonized
Commodity Description and Code System

Nov-22
(US$m)
Dec-22
(US$m)
Nov-Dec
Changes
(%)
Share of
Exports (%)
Total Exports

Of Which:


Tobacco
(Inc.
cigarettes)

PGMs*

Gold

Industrial
diamonds

Coal

Ferrochromium

Crocodile skins

Chromium ores
and
concentrates

Ginned cotton

Granite

Source: ZIMSTAT & RBZ Calculations, 2022
*PGMs Include Nickel mattes, nickel ores & concentrates and
platinum

During the month under review, the country’s
exports were mainly destined for South Africa
(46.1%), U.A.E (26.8%), China (9.1%) and
Belgium (5.9%). Figure 5 below shows the
country’s major export markets during the
month under review.


Figure 5: Top Ten Merchandise Export
Destinations (% Share)
Source: ZIMSTAT & RBZ Calculations, 2022

Merchandise Imports
The country imported merchandise valued at
US$730.6 million in December, representing
an 8.8% decline from US$801.5 million
recorded in the prior month. However, the
reporting month’s imports were 6.8% higher
than those recorded in the comparable month in
2021, as shown in Figure 6.

Figure 6: Merchandise Imports classified by
HS Codes (US$ m)
Source: ZIMSTAT & RBZ Computations, 2022


South Africa
United Arab Emirates
China
Belgium
Mozambique
Zambia
Sudan
Canada
Germany
Botswana


The major import drivers during the month
under review were diesel, unleaded petrol and
crude soya bean oil, which accounted for
10.8%, 6.6% and 3.5% of total imports,
respectively. Table 2 shows imports of major
commodities for the months of November and
December 2022.

Table 2: Imports Classified by Harmonised
Commodity Description and Code System

Nov-22
(US$m)
Dec-22
(US$m)
Nov-Dec
Changes (%)
Share of Total
Imports (%)
Total Imports


Diesel

Unleaded petrol

Crude
soya
bean oil

Electricity

Rice

LP Gas

Jet A1

Fertilizers
Chemicals

Wheat

Machinery

Source: ZIMSTAT & RBZ Calculations, 2022
The country’s imports for the month of
December 2022 were mainly obtained from
South Africa (36.9%), Singapore (16.5%),
China (14.5%), Zambia (3.8%) and other
markets as shown in Figure 7.


Figure 7: Top Ten Merchandise Import
Sources (% Share)

Source: ZIMSTAT & RBZ Calculations, 2022

Merchandise Trade Balance
The country’s net external trade position was a
deficit of US$97.3 million in December 2022.
This compares with the deficit of US$126.8
million recorded in the previous month. Figure
8 shows the country’s trade balance for the
period from January 2022 to December 2022.

Figure 8: Merchandise Trade Balance
(US$ m)

Source: ZIMSTAT & RBZ Computations, 2022


South Africa
Singapore
China
Mozambiq...
Zambia
Mauritius
India
Unspecified
United...
Denmark

Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Exports
Imports
Trade Balance

On a year-on-year basis, the country’s trade
position, marginally worsened from a deficit of
US$93.1 million in the corresponding month in
2021 to US$97.3 million, during the month
under review.

MONETARY DEVELOPMENTS1


Broad
money
(M3)
stock
stood
at
ZW$2,338.22 billion in December 2022,
compared to ZW$2,071.31 billion recorded in
November 2022.

The money stock was composed of foreign
currency deposits, 56.78%; local currency
deposits, 43.04%; and currency in circulation,
0.18%. Figure 9 shows the composition of
money supply.

Figure 9: Composition of Money Supply
Source: Reserve Bank of Zimbabwe, 2022


Month-on-month, broad money grew by
12.89% in December 2022, compared to
10.13% recorded in November 2022. The
growth
largely
reflected
increases
of
ZW$115.80 billion and ZW$106.09 billion in
foreign currency accounts (FCAs) and local
currency transferable deposits, respectively.

1All monetary numbers valued in ZW$ since the
adoption of an interbank market determined exchange
rate in February 2019.

During the month under review, domestic
claims increased by 13.94%, compared to
15.04% recorded in the previous month. The
growth in domestic claims was due to increases
of ZW$104.74 billion and ZW$98.55 billion in
net claims on Government and credit to the
private sector, respectively.

On an annual basis, broad money registered an
increase of 391.88%, largely driven by the
valuation changes of the foreign currency
component of deposits, owing to exchange rate
movements. Of the 391.88% annual increase in
broad money, the foreign currency component
contributed 234.96 percentage points, while
local currency deposits contributed 156.93
percentage points.

Over the period December 2021 to December
2022, the official exchange rate moved from
ZW$108.67 per US$1 to ZW$684.33 per
US$1, thus contributing to the growth of the
Zimbabwe dollar equivalent of FCA deposits in
money
supply.
The
530%
cumulative
depreciation in the exchange rate over the year,
saw FCA deposits increasing from ZW$210.70
billion in December 2021 to ZW$1,327.59
billion in December 2022.

The annual growth in broad money was mainly
driven by increases of ZW$865.48 billion
(388.23%) and ZW$371.59 billion (446.49%)
in credit to the private sector and net claims on
Government, respectively. Of the ZW$371.59
billion increase in net claims on Government,
ZW$137.31 billion was due to the accounting
treatment of the utilization of Special Drawing
Local
Currency
Transferabl
e deposits
32.45%
Foreign
Currency
Deposits
56.78%
Time
Deposits
9.98%
Currency in
Circulation
0.18%
NCDs
0.61%

Rights (SDRs), which does not reflect actual
lending to Government.
Credit to the private sector was mainly
channeled to agriculture and households, which
received 23.48% and 21.57% of the total credit,
respectively.
The
manufacturing
and
distribution sectors received 12.64% and
12.37% of the credit, respectively. Private
sector credit shares for the rest of the economic
sectors are shown in Figure 10.
Figure 10: Distribution of Private Sector
Credit
Source: Reserve Bank of Zimbabwe, 2022
Credit to the private sector was largely utilized
for recurrent expenditures, 31.08%; inventory
build-up,
32.73%;
and
fixed
capital
investments, 16.25%.
STOCK MARKET DEVELOPMENTS
Zimbabwe Stock Exchange

During the month of December 2022, the
Zimbabwe Stock Exchange (ZSE) recovered
from previous month losses. As such, the All
Share, Top 10, Top15 and Medium Cap Indices
added 33.73%, 44.91%, 42.31% and 11.41% to
close the month at 19,493.85 points, 12,311.13
points, 13,436.28 points, and 36,642.44 points,
respectively.

The mining index also added 0.04% to close the
month at 25,487.77 points, compared to
25,478.67 points recorded in November 2022.

Figure 11: ZSE All Share, Top 10 and
Mining Indices
Source: Zimbabwe Stock Exchange, 2022

The cumulative volume and value of shares
traded on the ZSE added 423.66% and 261.34%
to 472.93 million shares and ZW$27.75 billion,
respectively. This compares to 90.31 million
shares and ZW$7.68 billion, respectively,
recorded in the prior month.

The proportion of foreign purchases to the
value of shares traded, however, declined to
0.76%, compared to 2.71% recorded in
November 2022.

Households
21.57%
Agriculture
23.46%
Mining
8.67%
Manufacturing
12.64%
Distribution
12.37%
Construction
1.77%
Transport &
Communicat
ions
2.03%
Services
10.92%
Financial Org.
& Investments
6.52%
Other


31-Dec-21
31-Jan-22
28-Feb-22
31-Mar-22
30-Apr-22
31-May-22
30-Jun-22
31-Jul-22
31-Aug-22
30-Sep-22
31-Oct-22
30-Nov-22
31-Dec-22
All Share Index
Top 10 Index
Mining Index

During the month under review, net foreign
position worsened, from ZW$1.07 billion to
ZW$21.62 billion.

Figure 12: ZSE Monthly Volumes and
Values Traded
Source: Zimbabwe Stock Exchange, 2022

The reporting month saw the local bourse gain
ZW$434.67 billion or 26.99% worth of
capitalization to close at ZW$2 044.87 billion,
reflecting positive trading on ZSE. On a yearon-year basis, ZSE capitalization added
ZW$727.66 billion, or 55.24%, from ZW$1
317.21 billion recorded in December 2021.

Victoria Falls Stock Exchange

The Victoria Falls Stock Exchange (VFEX)
exhibited bearish sentiments for the third
consecutive month. Resultantly, the VFEX All
Share Index lost 9.12% to close at 94.83 points,
from 104.34 points recorded in the prior month.

On an annual basis, the VFEX All Share Index
lost 13.55%, from 109.69 points recorded in the
comparable period last year.
Figure 13: Victoria Falls Stock Exchange All
Share Index

Source: Victoria Falls Stock Exchange (VFEX), 2022

VFEX Market Capitalization

Despite the negative trading on the VFEX
during the month under review, market
capitalization
by
US$0.19
increased
to
US$0.44 billion. This reflected an increase of
US$0.19 billion or 76.70%, compared to
US$0.25 billion recorded in November 2022.

The increase in VFEX capitalization emanated
from new listings in the form of Simbisa
Brands Limited, Nedbank Group Zimbabwe
Limited and National foods Limited, that
increased the number of outstanding shares on
the market.


Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
VALUE TRADED ($ MILLIONS)
VOLUME TRADED (MILIONS)
Volume
Value


INFLATION OUTTURN

Annual Inflation

Annual headline inflation continued to slow
down, as depicted by the decline from 254.96%
in November 2022 to 243.76% in December
2022. This followed declines in both annual
food and non-food inflation.

Annual food inflation stood at 285.19% in
December 2022, down from 299.20% in
November 2022. Meat; bread and cereals drove
food inflation, during the month under review.

Year- on- year, non-food inflation retreated by
9.34 percentage points to 212.68% in
December 2022, from 222.02% in November
2022. Housing, water, electricity and gas;
furniture and equipment; hospital services; and
transport categories largely accounted for
annual non-food inflation, during the reporting
month.

Annual blended inflation receded by 1.63
percentage points to 105.50% in December
2022, from 107.13% recorded in November
2022. This followed the decline in both blended
food and non-food inflation.

Annual blended food inflation declined by 3.6
percentage points to 162.7% in the month under
analysis.
Year-on-year
blended
non-food
inflation also decreased from 77.2% in
November 2022 to 76.0%, during the month
under review.

Monthly Inflation

Monthly inflation stood at 2.42% in December
2022, compared to 1.80% reported in
November 2022. This reflected the passthrough effects of the sharp depreciation of the
informal exchange rate, which occurred during
the month of December 2022.

Month-on-month, food inflation rose from
0.92% in November 2022 to 2.50% in
December 2022. Notable increases were
recorded for bread and cereals, meat; as well as
coffee, tea and cocoa.

Monthly non-food inflation fell from 2.62% in
November 2022 to 2.36% in December 2022.
Notable drivers of monthly non-food inflation
were clothing and footwear; furniture and
equipment. However, the increases were more
than offset by declines in communication,
housing, water and electricity.

Figure 14: Month-on-Month Inflation (%)

Source: ZIMSTAT, 2022

Monthly
blended
inflation
shed
0.07
percentage points to 1.30% in December 2022,
from 1.37% in November 2022.


Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Food
Non-Food
Overall

NATIONAL PAYMENTS SYSTEM


The total value of NPS transactions processed
through the National Payment Systems (NPS)
stood at ZW$4.99 trillion in December 2022,
up by 8.90% from ZW$4.58 trillion recorded in
the preceding month.

Zimbabwe Electronic Transfer Settlement
System (ZETSS)

The value of RTGS transactions declined by
1.78%, from ZW$3.38 trillion in the previous
month to close at ZW$3.31 trillion in
December 2022.
Figure 15: ZETSS Volumes and Values

Source: Reserve Bank of Zimbabwe, 2022


Cash Transactions

Cash-based
transactions
increased
from
ZW$170.08 billion in November 2022 to
ZW$182.41 billion in December 2022.

Mobile and Internet Based Transactions

Mobile
and
internet-based
transactions
amounted to ZW$1.36 trillion, during the
month under analysis, representing an increase
of 13.91% from ZW$0.95 trillion recorded in
November 2022.
Card Based Transactions

Card-based transactions increased by 22.61%
to ZW$323.66 billion in December 2022, from
ZW$263.97 billion recorded in the previous
month.


RESERVE BANK OF ZIMBABWE


Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Value in ZW$ 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
11. Exchange Rates

Zimbabwe Stock Exchange
12. Zimbabwe Stock Market Statistics

National Payments System Statistics


13.1 Values of Transactions

13.2 Volumes of Transactions

TABLE 1: DEPOSITORY CORPORATIONS SURVEY ($'000)
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
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, 2022
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

Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Net Foreign Assets

Claims on Non Residents

Official Reserves Assets

Other Foreign Assets

Less Liabilities to Non Residents

Short Term Liabilities

Other Foreign Liabilities*

of which blocked funds

Net Domestic Assets (NDA)

Domestic Claims

Net Claims on Central Government

Claims on Central Government

Of which: Securities Other than Shares

Loans

Loans and Advances

Amounts Due from Gvt including SDR Draw

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 Mon

Monetary Base Incl. foreign currency clearing balances
Monetary Base

Bond Coins

Bond Notes

Liabilities to ODCs

Local Currency Reserve Deposits

Foreign Currency Reserve Deposits

Exess reserves

Private Deposits

Source: Reserve Bank of Zimbabwe,2022
NB: * Other Foreign Liabilities include blocked funds amounting to USD2.2 billion assumed by the Central Bank on behalf of Government.
TABLE 2: CENTRAL BANK SURVEY ($'000)

TABLE 3 : OTHER DEPOSITORY CORPORATIONS SURVEY ( $ '000)
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Net Foreign Assets

Claims on Non Residents

Of Which: Foreign Currency

Deposits

Other

Less Liabilities to Non Residents

Of Which: Deposits

Loans

Other

Net Domestic Assets (NDA)

Domestic Claims

Net Claims on Central Government

Claims on Central Government

Securities

Loans

Other
-

-

-

-

-

-

-


Less Liabilities to Central Government

Of which: Deposits

Other

Claims on Other Sectors

Other Financial Corporations

State and Local Government

Public Non Financial Corporations

Private Sector

Claims on the Central Bank

Currency

Reserves

Securities

Other Claims

Liabilities to the Central Bank

Other Items(Net)

Shares and Other Equity

Liabilities to other ressident sectors

Other Items(Net)

Deposits and Securities Included in Broad Money

Deposits Included in Broad Money
464,285,468.48

498,984,364.44

580,177,132.24

661,385,151.97

961,275,205.35

1,108,920,811.95

1,190,567,540.78

1,587,531,116.15 1,897,768,184.73 1,858,602,031.80 2,042,355,987.09
2,314,588,211.40
Transferable Deposits
424,997,643.40

451,469,626.06

526,027,929.32

608,741,115.91

891,276,383.52

1,028,029,948.34

1,096,365,440.31

1,453,358,587.07 1,740,700,191.97 1,692,150,785.93 1,853,157,849.44
2,081,176,430.96
of which FCAs
197,673,919.07

225,769,411.82

275,160,384.59

301,286,745.34

558,605,268.37

657,871,279.96

688,801,163.42

991,050,824.09 1,196,071,655.58 1,131,156,966.82 1,211,583,916.42
1,325,367,130.51
Other Deposits

Money Market Instruments
3,685,330.94

4,456,190.77

4,510,894.76

4,246,927.92

6,165,343.44

7,157,937.12

8,137,874.02


Source:Reserve Bank of Zimbabwe,2022

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

oca
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

Jan
183.4

3,176.6

13,217.3

1,073.2

8,142.0


Feb
267.1

3,136.4

13,817.0

1,504.5

8,642.5


Mar
263.6

3,607.6

16,167.1

2,214.4

12,681.9


Apr
298.5

3,642.9

17,926.4

1,523.3

13,697.1


May
330.0

3,581.8

21,376.4

1,749.6

15,757.4


Jun
606.6

9,584.7

29,457.9

3,974.7

35,786.5


Jul
690.8

18,357.0

54,139.7

5,578.7

42,159.7


Aug
975.1

28,776.0

54,868.5

4,623.1

41,100.2


Sep
1,084.2

30,217.6

56,679.6

4,426.6

39,530.8


Oct
1,064.2

32,235.0

66,948.5

4,457.3

40,092.7


Nov
1,063.6

34,673.9

73,237.2

4,211.3

41,173.6


Dec
1,177.8

39,886.8

76,076.5

5,771.7

38,623.2


Jan
1,483.3

42,733.9

77,994.4

13,109.2

40,071.8


Feb
1,735.4

41,180.7

76,140.3

17,748.1

39,141.4


Mar
1,457.1

40,953.3

83,032.1

6,945.5

42,516.8


Apr
1,699.7

40,964.4

85,330.2

6,844.8

49,733.4


May
1,906.1

30,579.1

94,330.9

7,907.2

63,644.8


Jun
1,702.8

30,255.6

75,795.2

25,605.9

72,780.6


Jul
2,139.9

30,509.1

104,983.5

17,817.9

82,032.9


Aug
2,551.1

33,323.4

93,806.9

11,919.2

72,753.9


Sep
2,853.7

38,500.1

100,996.0

8,626.8

68,707.9


Oct
2,611.1

50,074.7

108,009.2

9,575.8

89,822.4


Nov
2,721.5

53,424.3

107,781.7

15,560.6

74,072.3


Dec
2,838.3

50,031.0

118,451.3

13,654.0

91,352.6


Jan
2,891.2

53,378.3

116,654.8

13,232.3

69,668.2


Feb
2,577.7

62,064.5

122,479.8

17,480.5

76,802.2


Mar
2,111.5

76,544.2

142,962.5

19,239.6

87,884.5


Apr
2,624.9

74,716.9

160,466.5

28,352.1

123,190.3


May
3,155.9

142,118.9

236,166.0

35,928.9

207,812.8


Jun
2,801.2

138,347.1

266,691.8

45,952.0

241,920.1


Jul
2,427.6

159,024.6

315,832.5

39,388.2

230,432.5


Aug
2,640.6

263,637.4

411,439.9

69,203.5

311,107.0


Sep
3,030.7

289,230.8

504,071.1

75,446.7

417,007.1


Oct
3,022.6

300,240.3

525,870.3

104,483.2

389,979.7


Nov
3,251.4

286,365.2

575,885.7

111,716.1

342,790.1


Dec
3,361.7

295,435.1

652,284.4

119,932.8

351,906.8


Source:Reserve Bank of Zimbabwe,2022
Notes
1.Government securities includes treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households and other financial corporations.
Public
Enterprises
TABLE 4.1: OTHER DEPOSITORY CORPORATIONS -ASSETS
$ 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

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Source:Reserve Bank of Zimbabwe,2022
TABLE 4.2 : OTHER DEPOSITORY CORPORATIONS - LIABILITIES
Deposits
Amounts Owing to
$ 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

Jan
165.80

2,845.62

12,018.43

708.00

7,706.57

1,811.38

4,029.43

-

125.52

14.97

5.11

12.17

326.11

10,766.91

77.59

2,965.93

3,395.90

8,058.15

55,033.6

Feb
251.70

2,756.57

12,731.97

889.16

8,264.76

1,532.87

3,877.19

-

117.45

13.99

5.15

11.56

329.47

11,656.91

88.37

5,441.70

11,907.90

8,653.69

68,530.4

Mar
242.41

3,063.92

14,545.58

1,948.14

12,381.17

2,497.47

4,373.76

-

0.08

20.23

4.39

11.39

765.82

14,041.67

127.46

7,917.31

5,718.53

9,244.62

76,904.0

Apr
263.29

3,147.75

16,673.44

1,287.51

13,285.14

3,056.32

4,235.96

-

0.08

18.39

4.47

9.75

834.72

14,864.30

129.90

7,642.80

6,534.14

9,703.93

81,691.9

May
284.33

3,144.57

19,827.46

1,553.68

15,003.29

3,130.38

4,160.50

-

0.12

45.79

4.53

9.61

768.01

17,762.27

143.44

7,042.04

6,012.40

9,845.09

88,737.5

Jun
515.11

8,372.39

26,368.55

3,570.85

34,550.44

7,527.46

5,841.98

-

0.12

90.14

4.29

9.41

2,010.79

26,638.87

215.56

24,299.33

14,590.26

18,983.05

173,588.6

Jul
577.99

16,536.53

49,470.13

4,219.81

40,259.84

11,399.93

6,357.84

-

-

74.57

4.33

12.61

1,025.78

33,054.99

229.06

28,551.07

10,247.64

19,646.49

221,668.6

Aug
821.16

26,519.73

49,165.59

4,265.44

38,763.72

14,219.24

6,484.68

-

-

39.07

14.05

14.74

1,046.29

38,741.31

231.00

25,354.64

9,460.49

19,961.16

235,102.3

Sep
891.26

27,646.41

51,169.67

3,898.65

38,420.20

14,126.83

6,354.19

-

-

107.40

9.61

22.30

1,050.38

41,088.91

228.95

28,289.36

17,608.70

19,375.08

250,287.9

Oct
896.48

29,309.79

60,589.19

3,602.58

38,877.31

13,530.74

7,763.97

-

20.06

109.83

17.57

22.18

1,019.00

48,440.92

268.07

29,764.70

15,978.22

19,616.63

269,827.2

Nov
919.42

31,596.89

67,899.10

3,494.87

39,693.38

14,134.74

7,098.29

-

0.02

110.37

20.00

16.81

1,269.94

54,496.74

259.90

29,821.16

16,683.48

19,526.70

287,041.8

Dec
1,019.76

36,507.59

70,392.07

4,949.48

37,346.17

10,803.58

9,985.57

-

-

1.18

23.30

26.76

1,269.01

62,953.03

718.16

29,608.01

12,793.91

28,230.82

306,628.4

Jan
1,237.43

39,565.64

71,463.64

12,288.89

39,092.85

10,921.99

8,281.80

-

-

1.18

16.67

18.01

1,264.28

71,090.96

718.83

25,036.22

12,333.21

32,123.11

325,454.7

Feb
1,320.27

38,100.03

69,341.48

16,867.76

38,108.83

6,341.39

12,518.15

-

-

1.26

24.15

22.69

1,493.66

77,324.34

774.89

28,339.17

15,953.14

33,612.14

340,143.4

Mar
1,244.16

38,369.53

76,479.44

5,317.61

41,401.24

8,733.65

15,889.61

-

19.21

34.56

15.17

21.67

1,309.75

80,607.03

878.97

32,908.13

19,302.34

30,861.86

353,393.9

Apr
1,430.83

38,008.89

79,592.64

5,639.40

48,564.03

7,679.05

18,267.01

-

19.23

62.89

19.86

12.71

1,336.70

91,062.16

956.75

34,537.88

21,214.88

32,383.77

380,788.7

May
1,648.09

28,677.21

87,611.51

6,479.66

59,745.10

11,582.44

18,846.75

-

152.75

93.37

21.77

16.58

1,263.75

94,790.46

990.41

35,592.28

21,398.95

31,307.45

400,218.5

Jun
1,419.27

28,452.53

69,413.26

24,215.35

70,835.98

17,601.31

17,152.75

-

19.46

92.91

17.91

77.79

1,511.86

106,954.15

1,247.08

26,856.45

26,444.57

33,288.94

425,601.6

Jul
1,794.72

29,100.73

97,429.50

15,901.02

79,937.02

25,314.30

21,665.10

-

290.76

47.39

17.32

67.80

1,351.13

117,348.16

1,301.18

26,869.18

29,079.64

33,587.68

481,102.6

Aug
2,137.72

31,734.84

85,441.98

9,099.10

70,391.64

25,194.95

31,434.20

-

339.72

51.28

22.49

63.94

1,583.28

132,522.63

1,337.19

32,281.12

30,022.43

37,697.05

491,355.6

Sep
2,417.81

36,259.54

93,032.71

6,164.78

66,640.78

25,023.38

31,460.81

-

366.88

57.60

21.07

62.45

1,531.08

134,780.92

1,342.62

31,980.97

30,439.34

34,630.85

496,213.6

Oct
1,993.06

47,379.62

99,470.02

7,339.71

86,302.62

26,924.18

37,639.16

-

188.07

121.59

21.20

75.41

1,683.89

149,477.36

1,523.34

49,580.96

40,853.06

36,664.31

587,237.6

Nov
2,168.80

49,327.15

100,125.90

12,723.73

71,667.33

29,748.47

41,015.56

-

187.03

999.12

21.24

74.76

1,882.53

168,661.25

1,484.24

52,327.68

40,073.22

43,878.52

616,366.5

Dec
2,315.32

46,412.99

109,803.84

10,942.92

87,347.07

33,690.93

38,610.29

-

185.99

4,146.13

21.09

167.53

2,798.61

184,836.87

3,368.75

60,916.98

41,811.67

59,011.63

686,388.6

Jan
2,359.27

49,206.02

108,119.97

10,419.90

66,808.45

30,774.31

38,636.84

-

186.80

801.50

20.33

163.02

3,628.73

199,495.34

2,997.94

53,627.76

47,405.91

69,989.80

684,641.9

Feb
1,971.78

57,553.54

112,522.99

14,300.66

70,750.63

28,703.53

44,705.21

-

-

976.55

20.34

158.06

5,367.16

215,520.37

3,055.50

55,099.61

53,459.12

70,832.47

734,997.5

Mar
1,541.49

70,856.33

130,423.48

15,503.46

82,662.70

43,284.13

44,874.23

-

-

1,380.20

19.40

253.42

6,240.94

258,715.05

3,092.69

65,660.61

58,874.69

76,938.87

860,321.7

Apr
1,939.64

70,204.43

144,168.02

23,452.88

117,033.42

26,628.79

57,772.47

-

-

722.54

37.54

252.44

6,858.06

305,476.79

4,348.46

53,372.28

62,788.55

71,414.75

946,471.1

May
2,397.94

131,996.38

211,837.59

31,586.61

190,366.81

61,757.62

64,373.91

-

154.99

1,559.14

41.28

289.00

16,193.81

398,048.90

4,712.74

134,993.54

94,851.60

111,543.84

1,456,705.7

Jun
2,263.18

127,839.16

234,109.43

40,937.28

219,607.39

63,631.76

83,690.44

-

653.97

2,159.12

61.20

226.29

13,888.60

478,163.38

8,954.46

169,511.81

110,528.09

168,440.54

1,724,666.1

Jul
1,578.47

147,217.74

284,912.89

34,334.13

202,815.28

41,246.78

86,971.63

-

394.34

1,852.14

100.65

349.68

22,516.21

556,692.12

9,737.92

144,090.18

129,869.55

192,524.32

1,857,204.0

Aug
1,630.70

247,190.46

377,078.80

64,650.96

273,181.97

29,186.59

95,346.12

-

330.12

3,556.96

113.50

287.14

26,564.57

681,253.30

11,493.92

167,029.36

238,442.98

194,745.11

2,412,082.6

Sep
1,791.71

270,594.59

465,301.31

68,020.95

370,323.69

18,184.96

134,414.53

-

267.40

4,916.56

115.11

306.33

21,773.50

806,774.24

12,680.89

146,133.14

215,417.68

219,933.24

2,756,949.8

Oct
1,704.79

281,204.64

480,106.49

94,573.08

343,440.15

22,895.35

136,939.74

-

204.69

2,201.55

116.48

341.96

22,935.50

852,069.39

15,525.65

165,306.91

232,188.99

245,924.22

2,897,679.6

Nov
1,644.95

259,109.18

533,438.97

101,870.32

299,715.01

17,089.04

180,534.44

-

141.97

2,292.28

119.53

303.55

22,178.73

960,814.77

15,450.39

170,944.78

196,338.19

250,551.19

3,012,537.3

Dec
1,778.71

263,863.65

603,136.26

110,935.77

299,087.30

7,965.37

266,725.41

-

79.26

3,887.78

114.42

282.61

30,272.25

1,066,654.12

16,130.63

159,126.16

189,560.01

344,235.10

3,363,834.8

Source:Reserve Bank of Zimbabwe,2022
1.Government securities include treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households and other financial corporations,
TABLE 5.1: COMMERCIAL BANKS -ASSETS
$ millions
Debt Securities
Loans and Advances

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

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Source:Reserve Bank of Zimbabwe,2022
TABLE 5.2 : COMMERCIAL BANKS - LIABILITIES
Deposits
Amounts Owing to

Foreign
Other Assets
Non Financial
TOTAL
End of
Notes
Assets
Bond
&
Balances
Balances with
Balances
Other Claims
Notes &
Coin
with
Other Depository
with
on
Government1
Local Governemt
Public Enterprises
Other2
Mortgages
Government
Other
Coins
RBZ
Corporations
Foreign Banks
Non-residents
Securities
securities

Jan
16.3

322.3
1,106.8

361.8
421.8

-

283.0

20.1
-

-

478.2

-

1,498.8

717.5
1,552.8

6,779.5

Feb
14.5

368.2
977.2

612.5
370.5

-

357.1

20.1
-

1.5

503.6

-

2,097.7

735.9
1,538.8

7,597.4

Mar
20.1

529.4
1,423.7

261.8
282.6

-

341.6

19.2
-

0.6

526.4

-

2,406.4

1165.6
1,914.1

8,891.5

Apr
33.1

493.1
914.2

232.1
384.9

-

424.3

18.1
-

-

525.9

-

2,568.2

1528.5
2,134.4

9,256.8

May
39.7

434.7
1,248.4

192.3
725.0

-

382.4

17.0
-

-

517.6

-

2,793.4

2669.6
2,146.1

11,166.3

Jun
88.7

1167.9
2,857.8

395.9
1,222.0

-

385.4

13.8
-

-

653.4

-

4,663.9

2688.0
4,712.1

18,848.8

Jul
109.1

1780.7
3,878.9

1342.9
1,879.4

-

346.6

13.4
-

-

585.7

-

5,648.0

3879.5
4,927.7

24,391.8

Aug
142.9

2175.5
4,799.3

341.7
2,310.6

-

294.6

13.1
-

-

688.7

-

6,552.1

4480.3
6,104.6

27,903.4

Sep
179.8

2469.9
4,547.1

504.6
1,027.7

-

218.3

12.9
-

0.4

741.5

-

6,518.3

2774.9
6,503.8

25,499.1

Oct
149.1

2787.0
5,056.1

778.9
1,182.4

-

206.5

12.3
-

112.2

772.3

-

6,874.4

2795.4
6,537.1

27,263.4

Nov
104.3

2935.7
4,448.9

691.0
1,412.8

-

1,666.7

11.6
-

157.8

930.4

-

7,498.6

2571.1
6,712.9

29,141.9

Dec
116.2

3210.3
5,085.9

802.0
1,183.4

-

1,830.2

11.2
-

251.1

1,008.4

-

8,562.3

2559.4
7,352.9

31,973.2

Jan
188.7

2943.3
5,986.5

793.8
843.5

-

1,783.8

10.2
-

211.3

1,091.3

0.0

9,329.1

2980.3
7,685.1

33,846.9

Feb
345.7

2762.9
6,004.8

811.1
984.2

-

2,731.0

9.2
-

236.8

2,089.3

-

8,950.2

2949.2
7,790.6

35,665.0

Mar
168.3

2278.9
6,313.1

1594.4
1,028.2

-

1,341.7

8.4
-

415.1

1,242.4

-

10,867.7

3027.5
7,841.0

36,126.8

Apr
206.9

2702.1
5,302.6

1156.7
1,085.4

-

871.7

7.7
-

508.9

1,581.5

-

14,233.6

3431.1
7,237.9

38,326.2

May
210.3

1687.6
5,962.2

1250.9
3,847.1

-

116.9

7.0
-

517.7

1,568.8

-

17,154.9

2927.9
7,532.9

42,784.2

Jun
249.6

1649.7
6,202.6

1163.8
1,866.7

-

204.6

6.5
-

588.0

1,851.9

-

18,795.4

2580.9
7,701.1

42,860.7

Jul
283.7

1212.2
7,193.4

1892.7
1,875.4

-

1,143.4

6.0
-

447.3

1,963.2

-

18,280.3

3923.5
7,695.6

45,916.5

Aug
352.8

1408.8
7,869.3

2537.6
2,316.2

-

3,535.6

5.4
-

399.5

2,101.3

-

19,422.2

3837.6
7,666.6

51,453.0

Sep
349.8

1926.6
7,608.5

2430.2
1,941.4

-

4,314.6

5.1
-

205.2

2,231.7

-

20,461.1

4013.2
9,460.7

54,948.1

Oct
411.5

2396.2
8,221.0

2162.4
3,421.5

-

5,627.7

4.3
-

271.1

2,539.5

-

22,881.3

5432.3
9,501.3

62,870.1

Nov
339.8

3578.4
7,561.6

2568.8
2,299.5

-

5,882.7

3.7
-

566.4

2,788.5

-

27,326.1

4400.3
9,614.3

66,930.0

Dec
351.1

3217.3
8,557.8

2619.2
3,620.2

-

2,353.6

3.0
-

1,189.0

2,786.9

-

33,115.3

5610.8
11,334.1

74,758.3

Jan
324.6

3504.3
8,506.5

2680.3
2,631.0

-

1,110.8

2.4
-

1,487.3

2,967.6

-

35,913.5

6693.8
14,008.7

79,830.9

Feb
411.5

4021.5
9,763.6

3069.7
5,678.0

-

4,048.9

1.6
-

1,465.4

3,241.1

-

39,977.5

4511.5
13,964.4

90,154.6

Mar
354.3

4413.6
11,882.6

3691.3
4,932.3

-

5,235.0

0.9
-

1,590.0

3,888.3

-

42,741.3

9086.6
15,421.2

103,237.4

Apr
546.4

3054.1
15,585.8

4857.7
5,768.6

-

5,714.4

0.2
-

1,861.4

4,143.7

-

48,582.4

9654.2
16,999.2

116,768.1

May
639.5

8326.7
23,817.6

4251.9
16,001.6

-

6,150.9

0.0
-

1,486.3

8,474.8

-

74,864.0

14793.9
17,091.2

175,898.5

Jun
418.5

8464.3
32,497.6

3807.5
21,184.8

-

2,639.3

0.0
-

1,340.0

10,851.1

-

85,145.9

18155.8
35,128.1

219,633.0

Jul
700.4

9914.6
30,660.3

4983.4
24,902.9

-

4,077.6

0.0
-

1,411.5

13,722.1

-

98,066.0

9998.6
45,127.9

243,565.1

Aug
863.8

14422.1
33,703.2

4483.0
34,971.8

-

4,379.8

0.0
-

2,106.6

16,515.4

-

115,491.9

8745.3
45,694.0

281,377.1

Sep
1,086.8

14998.2
37,911.3

7470.1
45,094.8

-

8,440.8

0.0
-

1,302.8

17,996.8

-

129,242.7

11630.7
60,830.4

336,005.2

Oct
1,158.3

14768.7
44,296.5

10013.7
44,664.1

-

14,109.9

0.0
-

1,142.4

16,817.7

-

123,793.8

30036.4
47,678.2

348,479.7

Nov
1,449.3

22456.9
41,398.0

9771.8
41,317.6

-

17,572.6

0.0
-

2,085.3

16,785.8

-

136,029.9

30694.0
46,275.8

365,836.9

Dec
1,470.7

23012.7
48,533.8

8913.7
50,229.0

-

21,411.1

0.0
19,993.4

2,176.2

17,693.7

-

119,322.3

39279.1
69,102.5

421,138.1

Source:Reserve Bank of Zimbabwe,2022
Notes
1.Government securities include treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households and other financial corporations,
TABLE 6.1: BUILDING SOCIETIES -ASSETS
$ millions
Debt Securities
Loans and Advances

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

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Source:Reserve Bank of Zimbabwe,2022
Amounts Owing to
TABLE 6.2: BUILDING SOCIETIES -LIABILITIES
$ millions

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


INVESTMENTS
ORGANISATIONS

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

July

Aug

Sept

Oct

Nov

Dec

Source:Reserve Bank of Zimbabwe,2022
/1 Including the only merchant bank still in operation.
TABLE 7.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES
$ ('000)

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

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Source: Reserve Bank of Zimbabwe,2022
TABLE 7.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS
$ ('000)

End of
Nominal
Lending Rates 1
Individuals
Corporate

Jan
5.00-65.00
16.56
17.20
Feb
5.00-65.00
16.92
16.68
Mar
5.00-65.00
19.65
17.21
Apr
5.00-65.00
18.57
18.69
May
5.00-65.00
18.06
18.07
June
5.00-65.00
20.04
17.38
July
5.00-65.00
18.87
20.11
Aug
6.00-65.00
19.14
18.99
Sep
6.00-65.00
20.65
25.09
Oct
6.00-65.00
26.04
26.68
Nov
6.00-65.00
30.32
27.67
Dec
6.00-65.00
32.11
26.91

Jan
6.00-65.00
32.65
24.77
Feb
6.00-85.00
36.67
21.36
Mar
6.00-85.00
35.83
22.61
Apr
6.00-85.00
35.22
22.59
May
6.00-85.00
34.84
21.76
Jun
6.00-85.00
36.25
22.46
Jul
6.00-85.00
36.56
21.66
Aug
6.00-85.00
41.06
39.65
Sep
6.00-85.00
40.61
39.50
Oct
6.00-85.00
41.86
45.81
Nov
6.00-8500
39.13
38.10
Dec
6.00-8500
39.34
37.94

Jan
15.00-85.00
39.32
39.62
Feb
15.00-85.00
40.55
64.02
Mar
15.00-85.00
40.74
43.88
Apr
15.00-85.00
38.15
45.56
May
15.00-85.00
38.01
47.25
Jun
15.00-85.00
38.45
48.25
Jul
80.00-240.00
82.75
165.45
Aug
80.00-230.00
88.46
155.96
Sep
100.00-230.00
98.07
158.46
Oct
100.00-290.00
99.37
115.26
Nov
100.00-290.00
99.03
110.97
Dec
100.00-290.00
99.02
110.83
Source:Reserve Bank of Zimbabwe, 2022
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

TABLE 8.2 : BANK DEPOSIT RATES (percent per annum)
END OF
SAVINGS
3 MONTHS

Jan
0.22-12.00
1.00-8.00
Feb
0.22-12.00
1.00-8.00
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
1.33-14.00
Aug
0.50-15.00
1.00-20.28
Sep
0.50-15.00
1.00-20.28
Oct
0.50-15.00
1.00-20.28
Nov
0.50-15.00
1.00-20.28
Dec
0.50-15.00
1.00-20.28

Jan
0.22-12.00
2.00-21.50
Feb
0.22-12.00
2.00-21.50
Mar
0.22-12.00
2.00-21.50
Apr
0.22-12.00
2.00-21.50
May
0.22-12.00
2.00-21.50
Jun
0.25-12.00
2.00-26.00
Jul
0.50-12.00
2.00-26.00
Aug
0.50-12.00
2.00-26.00
Sep
0.50-12.00
2.00-26.00
Oct
0.50-12.00
2.00-26.00
Nov
0.50-12.00
2.00-26.00
Dec
0.50-12.00
2.00-26.00

Jan
0.50-12.00
2.00-26.00
Feb
0.50-12.00
2.00-26.00
Mar
0.50-12.00
2.00-26.00
Apr
0.50-12.50
2.00-30.00
May
0.50-12.50
2.00-32.00
Jun
0.50-12.50
2.00-32.00
Jul
40.00
80.00-92.00
Aug
40.00
80.00-92.00
Sep
40.00
80.00-92.00
Oct
40.00
80.00-92.00
Nov
40.00
80.00-92.00
Dec
40.00
80.00-95.00
Source:Reserve Bank of Zimbabwe, 2022
* Deposit rates depict the range of rates qouted by banks.
COMMERCIAL BANKS

ALCOHOLIC
BEVERAGES
CLOTHING
&
HOUSING,
WATER,
FURNITURE
HEALTH
TRANSPORT
COMMUNIC
ATION
RECREATION &
EDUCATION
RESTAUR
ANTS &
MISC.
& TOBACCO
FOOTWEAR
ELECTRICTY,
GAS
AND
CULTURE
HOTELS
GOODS &
& 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

Aug

Sep

Oct

Nov

Dec

Source:Zimstat, 2022
FOOD & NON
ALCOHOLIC
BEVERAGES
ALL
ITEMS
TABLE 9.1 : MONTHLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX
(February 2019 = 100)
TOTAL NON

FOOD
INFLATION
ALCOHOLIC
CLOT HING
HOUS ING,
W AT E R,
FURNIT URE
MIS C.
FOOD &
B E VE RAGE S
&
E LE CT RICT Y,
GAS
AND
RE CRE AT ION &
RE S T AURANT S
&
GOODS &
T OT AL NON
NON
ALCOHOLIC
ALL
& T OB ACCO
FOOT W E AR
& OT HE R
E QUIP ME NT
CULT URE
HOT E LS
S E RVICE S
FOOD
B E VE RAGE S
IT E MS
FUE LS
WEIGHTS


Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Source:Zimstat, 2022
TABLE 9.2 : YEARLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX
(February 2019 = 100)
NON-FOOD INFLATION
HE ALT H
T RANS P ORT
COMMUNICAT ION
E DUCAT ION

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

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Source: Reserve Bank of Zimbabwe, 2022
TABLE 11 : SELECTED INTERNATIONAL EXCHANGE RATES
1. ZWL$ dollar per unit of foreign currency

END OF
Market Capitalisation
All Share*
ZWL$ millions

Jan

Feb

Mar

Apr

May

June*

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

July

Aug

Sept

Oct

Nov

Dec

Source:Zimbabwe Stock Exchange, 2022
*All Share index was introduced in January, 2018
**As at 26 June 2020
TABLE 12: ZIMBABWE STOCK MARKET STATISTICS
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

June

July

Aug

Sep

Oct

Nov

Dec

Source:Reserve Bank of Zimbabwe, 2022
TABLE 13.1 : ZETSS AND RETAIL PAYMENTS
Values of Transactions (ZWL$ millions)

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

July

Aug

Sep

Oct

Nov

Dec

Source:Reserve Bank of Zimbabwe, 2022
TABLE 13.2 : ZETSS AND RETAIL PAYMENTS
Volumes of Transactions (000's)