i


FEBRUARY 2021

TABLE OF CONTENTS


January

February

Month-on-
Month Change
(%)
Reserve Money (M0) (ZW$ millions)
21,824.78

22,377.633

2.53

Money Supply2 (M3) (ZW$ millions)
220,484.56

226,181.783

2.58

Annual Inflation1 (%)
362.63
362.59
-0.04a

Blended Annual Inflation1 (%)
191.52
162.95
-28.57a
Monthly Inflation1 (%)
5.43
3.45
-1.98a

Blended Monthly Inflation1 (%)
2.76
0.71
-2.05a
National Payment System Transactions2
(ZW$ billions)
381.51
355.38
-6.85
Nominal Lending Rate2
(% per annum)
6.00-85.00
6.00-85.00

Sources:
1. Zimbabwe National Statistics Agency.
2. Reserve Bank of Zimbabwe.
3. Provisional until audit is completed.
a- Percentage point.
SELECTED ECONOMIC INDICATORS

INTERNATIONAL COMMODITY PRICE
DEVELOPMENTS

During
the
month
of
February
2021,
international monthly average prices for
platinum, copper, nickel and Brent crude oil
firmed. Gold prices were, however, subdued
largely due to a stronger US dollar, which
dampened the metal’s investment demand
prospects. Other metal prices were elevated by
robust demand in China, amid rapid recovery in
the economy of the Asian giant.

Precious Metals

Gold
The gains recorded in gold prices in the previous
month were reversed, as its appeal was dented
by a strong US dollar, amid signs of recovery in
the US labour market. Furthermore, rising US
treasury yields prompted investors to shift to
riskier assets, as higher yields raised the
opportunity cost of holding gold. Against this
backdrop, the yellow metal’s monthly average
price eased by 3.0%, from US$1,868.33 per
ounce in the previous month to US$1,811.58 per
ounce in February 2021.

Platinum
Platinum prices sustained a bullish run and rose
by 10.7%, from a monthly average of
US$1,089.75 per ounce in January 2021 to
US$1,206.10 per ounce during the month under
review. The rally in the price of the precious
metal was underpinned by investor expectation
that the pace of vaccine roll-outs would support
global economic recovery, particularly in the
automobile sub-sector, where platinum is a
major raw material. In addition, investor
expectations of a wider supply deficit in 2021,
also boosted the metal’s demand outlook.

Figure 1 shows the movements in precious
metal prices for the period from February 2020
through to February 2021.

Figure 1: Precious metal prices (US$/oz.)
Source: Bloomberg, 2021

Base Metals

Copper
Copper prices remained upbeat during the
month of February 2021, supported by falling
inventories and tight supplies from Peru, the
world’s second largest copper producer. The
global tight supply conditions were exacerbated
by a plunge in copper production during the year
2020, on account of coronavirus related
restrictions.

Prices of the the red metal were also boosted by
buoyant demand in China and prospects of
global economic recovery, owing to declining
coronavirus cases and optimism emanating from
global vaccine roll-outs. Resultantly, they rose

Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
US$/oz.
Gold
Platinum

by 6.0% to a monthly average of US$8,445.23
per tonne, up from US$7,970.50 per tonne
recorded in the previous month.

Nickel
Nickel prices rose by 4.0% to US$18,568.08 per
tonne in February 2021, from US$17,847.45 per
tonne recorded in January 2021. The increase
was largely on account of robust demand from
China’s stainless steel industry, following the
rapid recovery in the economy of the Asian
giant. There were indications that Chinese
stainless steel production had risen during the
fourth quarter of 2020.

Figure 2: Base metal prices (US$/ton)
Source: Bloomberg, 2021

Brent Crude Oil
Brent crude oil prices remained buoyant and
continued on a recovery path, due to tightening
global supplies, amid production cuts by major
producers. In addition, hopes of recovery in
global demand due to vaccine roll-outs and a
sharp drop in crude oil production in the US,
bolstered prices, during the month under review.
These developments led to a 12.9% increase in
crude oil prices, to a monthly average of
US$62.46 per barrel, from US$55.33 per barrel
in the previous month.

Figure 3 shows developments in Brent crude oil
prices for the period from February 2020 to
February 2021.
Figure 3: International crude oil prices
(US$/barrel)

Source: Bloomberg, 2021


MERCHANDISE
TRADE
DEVELOPMENTS

Total merchandise trade for the month of
February 2021 stood at US$792.8 million, 6.7%
up from US$743.3 million realized in the
preceding month. The improvement in the
country’s total merchandise trade was driven by
a marked increase in merchandise exports,
which offset the decline in imports. On an
annual basis, the February 2021 outturn was,
however, 3.4% lower than the US$820.9 million
recorded in the corresponding month in 2020.


Feb-20
Apr-20
Jun-20
Aug-20
Oct-20
Dec-20
Feb-21
Nickel US$/ton
Copper US$/ton
Copper
Nickel (RHS)

Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
US$/barrel

Merchandise Exports

During the month of February 2021, the
country’s merchandise exports amounted to
US$340.8 million, a 20.5% increase from
US$282.9 million recorded in the prior month.
Compared to the corresponding month in 2020,
the February 2021 outturn was 6.8% lower.
Developments in the country’s merchandise
exports for the period from February 2020 to
February 2021 are shown in Figure 4.
Figure 4: Merchandise Exports (US$ m)

Source: ZIMSTAT, 2021

The marked increase in monthly exports was
underpinned by improvements in mineral export
earnings. Notably, the Platinum Group Metals
(PGMs), gold and ferro-chromium recorded
monthly increases of 26.2%, 40.1% and 75%,
respectively. Investor optimism about global

1 PGMs include nickel mattes, nickel ores & concentrates
and platinum
economic recovery due to mass vaccination roll-
outs, helped shore up commodity prices on the
global markets. Table 1 shows developments in
the country’s exports for the months of January
and February 2021.
Table 1: Exports Classified by Harmonised
Commodity Description and Code System
Commodity

Jan-21
Feb-21
Share of
Total (%)
Total Exports
282.9
340.8
100.0
Of Which:


Platinum Group of
Metals (PGMs1)
124.7
157.3
46.2
Gold
55.7
78.1
22.9
Tobacco
(Inc. cigarettes)
40.6
29.2
8.6
Ferro-chromium
13.2
23.2
6.8
Industrial diamonds
15.1
17.4
5.1
Coal
4.3
3.9
1.1
Chromium ores and
concentrates
3.6
3.6
1.0
Granite
0.6
2.8
0.8
Ginned Cotton
4.3
2.3
0.7
Black tea (fermented/
partly fermented)
1.4
1.9
0.5
Source: ZIMSTAT & RBZ Calculations, 2021
During the month of February 2021, the country
exported the bulk of its products to South Africa
(33.7%), followed by the United Arab Emirates
(24.9%) and Mozambique (12.0%). Figure 5
shows the country’s major export markets,
during the month under review.

Figure 5: Top Ten Merchandise Export
Destinations (% Share)

Source: ZIMSTAT & RBZ Calculations, 2021

Merchandise Imports

Merchandise imports declined by 1.8%, from
US$460.4 million in January to US$451.9
million during the month under review. The
country’s imports for February 2021 were also
slightly lower than in the comparable month in
2020, as shown in Figure 6.


Figure 6: Merchandise Imports classified by
HS Codes 2020 & 2021 (US$ m)

Source: ZIMSTAT & RBZ Computations, 2021
The slowdown in monthly merchandise imports
for the month of February 2021 was
underpinned by declines in imports of diesel,
(11.6%) and medicines, (25.4%).
Maize imports increased during the month under
analysis, as the country continued to cushion
vulnerable and food insecure households during
the hunger peak season, before farmers start to
harvest this season’s crop. Table 2 shows
imports of major commodities for the months of
January and February 2021.


South Africa
United Arab Emirates
Mozambique
Belgium
Zambia
Botswana
Switzerland
United Republic of
Tanzania
Malawi
Netherlands

Table 2: Imports Classified by Harmonised
Commodity Description and Code
System
Commodity
Jan 21
US$ m
Feb 21
US$ m
Share in
Jan 2021
Imports
(%)
Total Exports
460.4
451.9
100.0
Of Which:


Maize
(Excluding Seed)
26.2
32.1
7.1
Diesel
19.6
17.3
3.8
Crude soya bean
oil
9.4
16.3
3.6
Fertiliser
Chemicals
20.8
51.3
11.4
Medicines
17.1
12.8
2.8
Electricity
9.3
9.9
2.2
Road tractors (for
semi-trailers)
5.3
9.2
2.0
Unleaded petrol
6.0
7.9
1.7
Wheat
4.9
6.4
1.4
Maize meal
7.1
5.3
1.2
Source: ZIMSTAT & RBZ Calculations, 2021
The country’s imports for the month of February
2021 were mainly sourced from South Africa,
(54.2%), China, (6.9%), Singapore (6.1%),
Mauritius (3.8%) and other markets, as shown
in Figure 7.


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

Source: ZIMSTAT & RBZ Calculations, 2021

Merchandise Trade Balance

Merchandise trade developments during the
month of February 2021 resulted in the
narrowing of the country’s trade balance, from
a deficit of US$177.5 million in January 2021 to
US$111.1 million. Figure 8 shows the country’s
trade balance for the period from January 2020
to February 2021.


South Africa
China
Singapore
Mauritius
United Arab Emirates
Russian Federation
Zambia
Mozambique
United Kingdom
India

Figure 8: Merchandise Trade Balance
(US$ m)

Source: ZIMSTAT & RBZ Computations, 2020

MONETARY DEVELOPMENTS2

Broad money stood at ZW$226.18 billion3 in
February 2021, an increase of 2.58% from
ZW$220.71 billion in January 2021. The money
stock (M3) consisted of foreign currency
deposits, ZW$109.66 billion (48.48% of total
money), while local currency transferrable
deposits
amounted to
ZW$99.91 billion
(44.18%); time deposits, ZW$13.95 billion
(6.17%); negotiable certificates of deposits,
ZW$1.46 billion (0.64%); and currency in
circulation, ZW$1.21 billion (0.53%).


2All monetary numbers valued in ZW$ since the adoption
of an interbank market determined exchange rate in
February 2019.
Foreign currency deposits recorded an annual
growth of 778.92%, from ZW$12.48 billion in
February 2020 to ZW$109.66 billion in
February 2021. The increase partly reflected
valuation changes, owing to movement of the
exchange rate, from ZW$17.95 per US$1 in
February 2020 to ZW$83.89 per US$1 in
February 2021.
On an annual basis, local currency deposits
registered a growth of 362.91%, while currency
in circulation increased by 27.22%.
Figure 9: Composition of Money Supply

Source: Reserve Bank of Zimbabwe, 2021

The annual growth in broad money largely
reflected increases in credit to the private sector,
527.12%; net credit to Government, 102.26%;
and financial corporations, 213.52%.
On a month-on-month basis, credit to the private
sector increased by 9.56% to ZW$91.93 billion
3 January and February 2021 figures are provisional

Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Exports
Imports
Trade Balance
Local
Currency
Transferable
deposits
44.18%
Foreign
Currency
Deposits
48.48%
Time
Deposits
6.17%
Currency in
Circulation
0.53%
NCDs
0.64%

and net credit to Government, increased by
63.60% to ZW$25.68 billion.
Credit to the private sector was mainly extended
towards
agriculture,
31.36%;
households,
13.91%;
distribution,
13.18%;
financial
organisations, 12.87%; manufacturing, 10.14%;
and mining, 8.62%; as shown in figure 10.

Figure 10: Distribution of Private Sector Credit
Source: Reserve Bank of Zimbabwe, 2021

Credit to the private sector was largely
channeled towards inventory build-up, 38.28%;
other recurrent expenditures, 28.51%; and fixed
capital investment, 17.66%.


STOCK MARKET DEVELOPMENTS

The month of February 2021 saw the equities
market performing strongly for the fourth
consecutive month, resulting in all major indices
registering gains.

The All Share, Top 10, Top 15 and mining
indices registered increases of 15.37%, 10.33%,
10.03% and 53.40% to close at 4 154.37 points,
2 469.42 points, 2 847.26 and 6 683.44 points,
respectively.

Figure 11: Zimbabwe Stock Exchange All
Share and Top 10 Indices
Source: Zimbabwe Stock Exchange, 2021

On an annual basis, the All Share, Top 10 and
were higher by 778.06%, 517.83% and
708.42%, from 473.13 points, 399.69 points and
826.73 points recorded in February 2020,
respectively.

Notwithstanding
the
bullish
sentiments
exhibited on the ZSE during the period under
review, the cumulative value and volume of
shares traded declined by 56.48% and 93.98%
to ZW$1.53 billion and 149.03 million shares,
respectively.


Households
13.91%
Agriculture
31.36%
Mining
8.62%
Manufacturing
10.14%
Distribution
13.18%
Construction
0.83%
Transport &
Communicat
ions
2.62%
Services
6.40%
Financial Org.
& Investments
12.87%
Other

28-Feb-20
28-Mar-20
28-Apr-20
28-May-20
28-Jun-20
28-Jul-20
28-Aug-20
28-Sep-20
28-Oct-20
28-Nov-20
28-Dec-20
28-Jan-21
28-Feb-21
Top 10 Index
All Share Index
All Share Index
Top 10 Index

Figure 12: ZSE Monthly Volumes and
Values Traded

Source: Zimbabwe Stock Exchange, 2020
In line with the developments on the local
bourse, the market gained $66.33 billion, or
15.25% worth of capitalization, to ZW$501.18
billion during the month of February 2021. On a
year-on-year
basis,
the
local
bourse
capitalization rose by 721.78%, from ZW$60.99
billion recorded the preceeding month.

INFLATION OUTTURN

Annual Inflation
Annual headline inflation stood at 321.59% in
February 2021, down from 362.63% in January
2021. The decline in both food and non-food
inflation saw the inflation rate declining to its
lowest level since August 2019.

Annual food inflation slowed down from
369.43% in January 2021 to 358.96% in
February 2021. Similarly, year-on-year nonfood inflation decelerated from 357.69% in the

4The Zimbabwe National Statistical Agency (ZIMSTAT)
commenced publication of the blended CPI inflation in June
2020. The blended CPI inflation combines the average changes
previous month to 297.07%, during the month
under review.

Bread and cereals; vegetables and meat,
continued to drive annual food inflation in
February 2021. This followed the rise in prices
of grain, maize and wheat on the international
market, which exerted upward pressure on food
prices.

In the non-food category, miscellaneous goods
and services; housing, water, electricity, gas and
other fuels; transport; and alcoholic beverages
and tobacco remained the largest contributors to
non-food inflation.

Annual Blended CPI inflation4 decelerated from
191.52% in January 2021 to 162.95% in
February 2021.
Monthly Inflation

Reversing the trend in December 2020 and
January
2021,
monthly
ZW$
inflation
decelerated to 3.45% in February 2021, with
both food and non-food inflation recording
declines.
Monthly food inflation fell from 7.84% in
January 2021 to 4.42% in February 2021, due to
declines in all food categories.
Month-on-month non-food inflation slowed
down from 3.70% in January 2021 to 2.73% in
February 2021. The decline was, in large part,
due to the fall in housing, water, electricity, gas
& other fuel prices.
in price of goods and services sold in the two main currencies in
circulation, namely the ZW$ and the US$.


Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Values Traded (ZW$ millions)
Volumes Traded (milions)
Volume
Turnover

Monthly blended inflation decelerated sharply,
from 2.76% in January 2021 to 0.71% in
February 2021, with almost all CPI categories
registering declines.
Figure 13 shows month-on-month inflation
developments for the period from February
2020 to February 2021.

Figure 13: Month-on-Month Inflation (%)

Source: ZIMSTAT, 2020

NATIONAL PAYMENTS SYSTEM

Transactions processed through the National
Payments System (NPS) declined by 7.8% to
close at ZW$355.38 billion, during the month of
February 2021, from ZW$381.51 billion in the
previous month. NPS transaction volumes
declined by 4.4% to close at 104.88 million,
during the same month.
Zimbabwe Electronic Transfer Settlement
System (ZETSS)

The month under review saw the value of Real
Gross Settlement System (RTGS) transactions
decline by 11.4% to close at ZW$226.34 billion,
from ZW$255.55 billion in January 2021.
RTGS transaction volumes increased from
720 032 transactions in January 2021 to 805 988
transactions in February 2021.
Figure 14: ZETSS Volumes and Values

Source: Reserve Bank of Zimbabwe, 2020

Cash Transactions

Cash based transactions amounted to ZW$5.55
billion in February 2021, a 16.9% increase from
ZW$4.16 billion in the previous month.
Mobile and Internet Based Transactions

During the month under analysis, mobile and
internet-based transactions fell by 3.58% to
close at ZW$98.324 billion.
Card Based Transactions

Card-based transactions registered an increase
of 7.84%, from $21.50 billion in the preceeding
month to close at ZW$25.17 billion in February
2021.

RESERVE BANK OF ZIMBABWE

Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Food
Non-Food
Overall


Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
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

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

TABLE 1: DEPOSITORY CORPORATIONS SURVEY ($'000)
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
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)
-49,769,854.91 -78,762,163.43 -108,457,657.69 -117,412,003.72 -283,986,230.81 -381,705,468.53 -407,214,233.87 -407,712,767.45 -416,421,280.93 -418,553,646.30 -420,531,764.21 -440,611,441.66 -438,913,696.40
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, 2021
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-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Net Foreign Assets
-51,596,769.75 -51,659,786.89 -78,356,892.58 -104,544,431.97 -114,377,001.26 -275,623,563.54 -366,357,650.73 -391,303,802.50 -386,104,783.47 -398,503,742.75 -398,165,536.09 -392,036,907.50 -406,631,588.87 -411,000,792.44
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

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)
-57,145,180.31 -58,322,160.20 -86,517,998.56 -114,986,959.06 -125,482,666.85 -295,508,852.17 -397,084,920.55 -427,953,446.54 -425,725,999.11 -429,887,129.29 -440,784,407.01 -443,273,555.40 -459,415,237.58 -470,268,174.72
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

Reserve Deposits

Exess reserves

Private Deposits

Source: Reserve Bank of Zimbabwe,2021
Provisional until audit is completed
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-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
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
34,202,472.63

36,052,337.44

45,274,086.77

49,685,009.94

57,713,065.69

97,187,347.86

127,237,814.07

140,284,498.63

147,593,137.33

161,784,545.97

179,622,031.80

200,965,243.38

217,355,104.75

222,450,885.44

Transferable Deposits
32,175,873.35

33,858,024.37

42,922,095.92

47,162,154.77

54,870,283.47

93,169,652.47

121,190,660.19

134,852,887.37

140,657,703.75

153,387,406.86

170,624,218.30

191,058,398.68

206,003,627.38

208,504,172.16

of which FCAs
12,458,349.93

12,476,934.91

20,909,726.92

19,463,088.16

24,984,322.48

57,701,775.14

79,076,606.18

82,607,196.16

88,430,395.05

91,944,864.16

100,147,096.67

102,824,762.68

108,386,216.00

109,466,728.50

Other Deposits

Money Market Instruments
255,563.69

260,055.92

476,793.67

337,556.97

359,194.93

863,206.40

1,024,311.11

1,111,664.44

1,083,907.10

1,231,944.90

1,237,340.99

1,436,202.84

1,422,437.87

1,457,355.54

Source:Reserve Bank of Zimbabwe,2021

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

oca
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

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


Aug
184.4

1,150.4

7,956.5

527.8

3,904.2


Sep
124.5

2,108.5

9,128.1

874.0

5,678.3


Oct
144.3

1,906.0

11,613.0

2,511.0

7,644.9


Nov
128.8

2,243.1

11,417.7

2,236.3

8,417.4


Dec
169.8

2,526.2

13,994.1

1,254.7

8,415.7


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


Source:Reserve Bank of Zimbabwe,2021
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

June

July

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Source:Reserve Bank of Zimbabwe,2021
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
22.40

64.10

2,294.49

192.08

103.42

81.91

2,143.23

-

23.45

65.90

26.32

20.59

154.85

2,451.11

28.68

500.96

294.22

538.92

9,006.6

Feb
18.34

43.97

2,296.76

223.72

108.28

96.17

2,109.34

-

23.45

66.10

24.29

21.11

145.03

2,461.49

28.67

507.82

290.62

536.35

9,001.5

Mar
14.81

53.62

2,238.77

240.67

124.48

99.51

2,164.00

-

23.45

66.69

19.16

15.90

127.10

2,535.82

30.40

504.13

325.78

552.34

9,136.6

Apr
13.47

56.67

2,207.91

274.97

116.75

78.50

2,314.90

-

24.75

66.97

13.44

20.89

120.77

2,519.81

28.31

531.98

298.96

554.95

9,244.0

May
12.85

62.77

2,308.95

339.50

130.13

85.74

2,562.36

-

24.97

66.94

8.44

20.88

134.01

2,556.25

23.90

458.93

307.90

555.31

9,659.8

June
7.48

52.61

2,848.51

331.76

117.26

84.05

2,538.32

-

26.19

66.55

7.44

19.43

196.00

2,662.21

25.46

551.39

302.93

563.41

10,401.0

July
17.85

54.25

3,189.62

281.13

109.31

95.43

2,949.15

-

-

67.49

4.51

21.01

181.99

2,414.59

26.03

611.36

322.53

565.15

10,911.4

Aug
21.01

67.83

3,196.71

232.34

102.46

66.26

3,014.90

-

-

67.29

7.05

20.62

186.74

2,490.99

29.82

647.67

329.42

566.33

11,047.4

Sep
16.25

58.19

3,487.91

305.30

137.84

78.01

2,789.78

-

45.21

68.09

5.42

20.39

212.17

2,577.06

36.68

637.41

357.43

571.83

11,405.0

Oct
33.06

67.98

3,505.83

272.14

173.15

51.45

2,728.83

-

45.21

68.41

4.59

9.35

188.83

2,697.37

38.71

647.52

353.24

569.20

11,454.9

Nov
25.84

81.42

3,384.38

264.64

198.18

63.91

2,793.90

-

45.21

68.65

6.99

8.13

217.69

2,672.32

46.06

633.21

406.55

569.81

11,486.9

Dec
18.17

89.91

3,736.98

317.34

224.44

74.84

2,633.69

-

43.37

69.16

6.20

9.18

204.31

2,707.60

53.75

573.76

406.16

633.85

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

Aug
178.74

1,054.06

7,123.10

461.83

3,778.75

1,050.74

3,106.90

-

103.86

6.78

1.04

9.21

212.50

4,430.78

37.42

2,614.64

1,744.16

1,989.27

27,903.8

Sep
108.51

1,915.41

8,246.09

676.17

5,563.16

1,575.75

3,240.85

-

26.96

6.47

1.37

9.40

187.53

4,993.71

42.30

3,707.80

3,074.10

2,440.63

35,816.2

Oct
138.01

1,702.35

10,537.81

2,437.08

7,376.80

906.98

3,416.23

-

27.05

5.29

1.15

7.94

254.84

5,859.32

41.94

4,081.09

1,658.19

2,434.21

40,886.3

Nov
113.92

2,078.54

10,430.55

2,073.35

7,977.27

940.70

3,737.72

-

27.15

11.83

1.37

8.74

248.79

7,670.96

42.07

3,148.28

1,627.27

3,059.40

43,197.9

Dec
158.44

2,300.01

12,821.54

934.73

7,898.48

1,984.08

3,716.31

-

24.75

20.65

1.33

8.11

268.61

8,976.00

61.84

4,867.67

2,740.16

6,935.56

53,718.3

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

Source:Reserve Bank of Zimbabwe,2021
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 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


Jan

Feb

Source:Reserve Bank of Zimbabwe,2021
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
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

0.0
343.8

27.3
33.6

0.0
438.0

0.0
649.3

136.7
151.2

1973.3
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

Aug
5.5

94.5
758.0

60.6
115.5

-

247.4

21.5
-

-

418.1

-

970.6

345.1
567.6

3,604.2

Sep
15.8

180.3
831.8

195.4
104.2

-

267.6

20.9
-

-

499.1

-

1,137.6

528.8
1,042.2

4,823.6

Oct
6.2

198.7
997.2

72.2
243.7

-

268.8

20.2
-

-

429.8

-

1,286.7

503.4
1,069.3

5,096.2

Nov
11.9

156.1
872.3

159.7
426.0

-

338.6

19.6
-

-

443.5

-

1,357.4

575.8
1,068.7

5,429.6

Dec
9.2

223.9
1,016.9

317.4
492.3

-

308.3

18.2
-

-

454.5

-

1,413.5

700.6
1,470.0

6,424.9

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

Source:Reserve Bank of Zimbabwe,2021
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

June

July

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Source:Reserve Bank of Zimbabwe,2021
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


1,000.0

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Source:Reserve Bank of Zimbabwe,2021
/1 Including the only merchant bank still in operation.
TABLE 7.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES
$ ('000)

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

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Source: Reserve Bank of Zimbabwe,2021
TABLE 7.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS
$ ('000)

End of
Nominal
Lending
Rates 1
Individuals
Corporate

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
Aug
5.00-55.00
14.37
18.43
Sep
5.00-65.00
14.64
19.81
Oct
5.00-65.00
15.59
19.66
Nov
5.00-65.00
15.06
18.00
Dec
5.00-65.00
16.08
18.31

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
Source:Reserve Bank of Zimbabwe, 2021
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
1.00-6.75
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
Aug
0.22-12.00
1.00-8.00
Sep
0.22-12.00
1.00-8.00
Oct
0.22-12.00
1.00-8.00
Nov
0.22-12.00
1.00-8.00
Dec
0.22-12.00
1.00-8.00

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
Source:Reserve Bank of Zimbabwe, 2021
* 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.
COMMERCIAL BANKS

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


Jan

Feb

Source:Zimstat, 2021
FOOD & NON
ALCOHOLIC
BEVERAGES
ALL
ITEMS
TABLE 9.1 : MONTHLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX
(February 2019 = 100)

FOOD
INFLATION
ALCO HO LIC
CLO T HING
HO US ING ,
W AT E R,
FURNIT URE
MIS C.
FO O D &
B E VE RAG E S
&
E LE CT RICT Y,
G AS
AND
RE CRE AT IO N &
RE S T AURANT S
&
G O O DS &
T O T AL NO N
NO N
ALCO HO LIC
ALL
& T O B ACCO
FO O T W E AR
& O T HE R
E Q UIP ME NT
CULT URE
HO T E LS
S E RVICE S
FO O D
B E VE RAG E S
IT E MS
FUE LS
WEIGHTS


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun


Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Source:Zimstat, 2021
TABLE 9.2 : YEARLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX
(February 2019 = 100)
NON-FOOD INFLATION
HE ALT H
T RANS P O RT
CO MMUNICAT IO N
E DUCAT IO N

(US$ MILLIONS)
End Period

Est
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

2,463
Private


Total External Debt

Source: Ministry of Finance & Economic Development, 2020; & Reserve Bank of Zimbabwe, 2020
TABLE 10: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS)

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

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Source: Reserve Bank of Zimbabwe, 2021
TABLE 11 : SELECTED INTERNATIONAL EXCHANGE RATES
1. ZWL$ dollar per unit of foreign currency

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

June*

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Source:Zimbabwe Stock Exchange, 2021
*All Share index was introduced in January, 2018
**As at 26 June 2020
Indices
TABLE 12: ZIMBABWE STOCK MARKET STATISTICS
Market Turnover
ZWL$ million
Volume of Shares
Mining

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan
6,903.0
2.9 1,294.05
16.9 3,608.83 1,056.16
Feb
8,337.0
4.0 1,330.58
17.2 3,594.51 1,093.64
Mar
9,881.5
3.9 1,399.50
18.3 4,080.65 1,250.55
Apr
10,321.4
3.1 1,590.10
14.0 4,949.34 1,408.53
May
14,670.3
4.2 1,397.48
11.8 6,692.55 1,897.82
Jun
17,881.2
3.7 1,464.66
30.1 7,130.02 2,539.84
Jul
23,309.9
3.7 1,806.45
36.6 9,137.36 3,295.81
Aug
23,596.6
2.4 2,181.56
38.5 11,077.65 3,493.56
Sep
30,328.1
3.8 3,029.87
51.9 15,112.00 5,337.71
Oct
39,413.7
3.9 3,621.64
67.1 16,588.28 6,237.03
Nov
40,871.8
3.5 4,199.30
67.4 13,537.77 7,200.30
Dec
49,579.8
2.8 5,695.39
97.2 19,356.74 8,724.02

Jan
47,841.3
1.8 5,236.3 115.2 21,247.9 9,646.8
Feb
41,637.6
4.7 5,431.8 136.9 22,589.7 9,633.8
Mar
60,804.1
4.1 7,252.9 268.0 27,993.6 14,411.4
Apr
47,525.5
- 4,150.6 82.6 18,299.2 11,481.8
May
59,271.1
- 7,426.0 349.8 24,851.5 19,593.2
Jun
91,311.3
- 9,752.7 516.6 26,042.5 25,842.3
Jul
127,743.2
- 14,741.1 1,028.7 26,033.3 35,199.7
Aug
143,042.1
- 14,953.6 1,547.5 27,217.6 34,505.0
Sep
203,172.0
- 18,252.3 1,963.0 26,441.0 41,958.4
Oct
198,863.56
- 22,482.28 2,163.27 42,767.66 46,270.42
Nov
236,231.56
- 23,936.70 2,151.61 36,475.66 54,797.79
Dec
302,661.15
- 30,061.03 1,935.29 45,278.12 67,038.24

Jan
255,551.32
- 21,042.23 4,532.12 35,306.27 64,996.35
Feb
226,335.83
- 22,882.64 2,288.90 36,383.01 61,941.70
Source:Reserve Bank of Zimbabwe, 2021
TABLE 13.1 : ZETSS AND RETAIL PAYMENTS
Values of Transactions (ZWL$ millions)

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

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
Aug
872.9
9.0 21,919.8 85.2 179,281.2
542.3
Sep
1,010.7
11.9 22,749.6 62.4 200,441.9
679.4
Oct
1,079.4
12.7 23,191.6 65.0 206,621.5
1,099.3
Nov
982.1
10.3 25,737.5 225.2 152,919.9
2,044.1
Dec
1,003.8
7.6 27,800.5 385.5 146,316.6
1,273.6

Jan
943.3 4.6 23,649.0 199.9 139,278.2 671.7
Feb
916.1 8.9 21,652.2 196.6 149,671.5 647.8
Mar
1,068.5 7.4 22,588.1 234.3 173,042.2 661.2
Apr
515.1
- 11,036.4 36.4 131,190.0 998.0
May
674.1
- 14,711.6 231.2 150,936.1 705.3
Jun
907.8
- 14,420.9 286.1 135,524.3 1,390.4
Jul
918.4
- 15,786.5 251.4 121,072.4 791.9
Aug
789.4
- 13,536.2 248.2 127,308.6 702.1
Sep
911.9 0.002 15,524.1 309.8 125,059.2 783.2
Oct
990.2
- 19,138.6 398.8 191,148.8 735.8
Nov
971.3
- 17,584.9 430.0 101,305.8 755.6
Dec
1,100.0
- 19,404.0 453.0 115,290.2 820.1

Jan
720.0
- 9,849.3 229.0 94,691.4 872.2
Feb
806.0
- 12,309.3 527.8 90,078.0 754.9
Source:Reserve Bank of Zimbabwe, 2021
TABLE 13.2 : ZETSS AND RETAIL PAYMENTS
Volumes of Transactions (000's)

END OF
EXPORTS
IMPORTS
TOTAL TRADE TRADE BALANCE

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total


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


Jan

Feb

Source: ZIMSTAT, 2021
TABLE 14 : MERCHANDISE TRADE STATISTICS
(US$ millions)