i


OCTOBER 2022

TABLE OF CONTENTS


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

September

October

Month-on-
Month Change
(%)

Reserve Money2 (M0) (ZW$ millions)
87,098.44
92,268.16
5.94
Money Supply2 (M3) (ZW$ millions)
1,917,153.53

1,880,812.81
-1.90
Annual Inflation1 (%)
280.40
268.79
-11.61a

Blended Annual Inflation1 (%)
107.5
108.69
1.19a
Monthly Inflation1 (%)
3.47
3.15
-0.32a

Blended Monthly Inflation1 (%)
2.5
3.20
0.70a

National Payment System Transactions2
(ZW$ billions)
4,081.08
3,797.58
6.95
Nominal Lending Rate2
(% per annum)
100-230.00


SELECTED ECONOMIC INDICATORS

INTERNATIONAL COMMODITY
PRICE DEVELOPMENTS

Prices for gold, palladium, copper and nickel
retreated, during the month of October 2022.
However, prices of platinum and crude oil
firmed during the same month. The commodity
market developments were influenced by a
strengthening US dollar, weak industrial
demand and concerns about global economic
slowdown.
Precious Metals

Gold
Gold prices declined by 1.0%, from an average
of US$1,682.24 per ounce in September 2022
to US$1,665.10 per ounce in October 2022.
Prices were adversely affected by the increase
in interest rates and the appreciation of the US
dollar. Collectively, these factors outweighed
the positive impact of safe-haven demand for
the precious metal, which emanated from the
Russia-Ukraine
crisis
and
rising
global
inflation.

Platinum
Platinum prices rebounded from the losses
recorded in September 2022, on account of
investor fears of supply disruptions resulting
from intermittent power outages in South
Africa, the world’s largest producer of the
metal. Resultantly, prices surged by 3.6%, from
an average of US$881.25 per ounce in the
preceding month to US$913.14 per ounce,
during the reporting month.

Palladium
Palladium prices remained bearish as global
computer chip shortages continued to hurt the
demand for the metal. The auto industry took a
hit as the global shortage of computer chips led
to a slowdown in manufacturing activities,
which in turn weakened demand for the metal.
Prices retreated by 2.2%, from an average of
US$2,129.52 per ounce in September 2022 to
US$2,082.95 per ounce in October 2022.
Figure 1 shows the developments in precious
metal prices for the period from October 2021
to October 2022.

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


Base Metals

Copper
Copper prices declined by 2.0%, from an
average of US$7,747.38 per tonne in the
previous month to US$7,591.26 per tonne in
October 2022. The decline primarily reflected
a stronger US dollar, the slowdown in global
economic activity as well as concerns about a
possible global recession.
Nickel
Nickel prices declined by 2.9% to average of
US$22,123.67 per tonne in October 2022. This

Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
US$/oz.
Gold
Palladium
Platinum

reflected weak demand from the stainless-steel
industry, coupled with the increase in
production in Indonesia, one of the world’s
major producers of the metal. Figure 2 shows
developments in base metal prices for the
period from October 2021 to October 2022.
Figure 2: Base Metal Prices (US$/ton)
Source: Bloomberg, 2022


Brent Crude Oil
During the month under review, crude oil
prices rebounded following the announcement
by OPEC that its members would reduce their
production target by 2 million barrels per day.
Against this backdrop, prices slightly firmed,
from an average of US$90.73 per barrel in
September 2022 to US$93.23 per barrel, during
the month under review.

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

Source: Bloomberg, 2022
MERCHANDISE TRADE
DEVELOPMENTS

The
country’s
total
merchandise
trade
amounted to US$1,316.7 million in September
2022, representing a 5.1% increase from
US$1,252.6 million recorded in the previous
month. Total merchandise trade rose by 11.5%,
on a year-on-year basis, from US$1,181.1
million in the corresponding month in 2021 to
US$1,316.7 million in the reporting month.

Merchandise Exports
During the month of September 2022, the
country exported goods worth US$552.3
million, 11.9% up from US$493.6 million
realised in the preceding month. Compared to
the corresponding month in 2021, merchandise
exports in the reporting month were 7.4%
higher. Figure 4 shows developments in the
country’s merchandise exports for the period
from January 2021 to September 2022.

Figure 4: Merchandise Exports (US$ m)

Source: ZIMSTAT, 2022


Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nickel US$/ton
Copper US$/ton
Copper
Nickel (RHS)

Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar...
Apr-22
May...
Jun-22
Jul-22
Aug...
Sep-22
Oct-22
US$/barrel

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

The major drivers for exports during the month
under review were gold, PGMs and tobacco
which contributed 34.3%, 30.7% and 14.8% to
total exports, respectively. Export earnings
from PGMs were, however, 7.2% lower than in
the previous month. The decline was largely
attributable to sluggish demand in China, the
worlds’ top consumer of industrial metals.
Table 1 shows developments in the country’s
exports for the months of August and
September 2022.

Table 1: Exports Classified by Harmonized
Commodity Description and Code System
Aug-22
(US$m)
Sept-22
(US$m)
AugSept
Changes
(%)
Share
of
Exports
(%)-
Aug’22
Total Exports

of which:


Gold

PGMs*

Tobacco
(Inc
cigarettes)

Ferrochromium

Coal

Other mineral
substances

Industrial
diamonds

Ginned Cotton

Granite

Crocodile skins

Source: ZIMSTAT & RBZ Calculations, 2022
*PGMs include nickel mattes, nickel ores & concentrates
and platinum
During the month under review, the country’s
share of exports to South Africa was 38.8% of
total exports, compared to 44.5% in August
2022. Exports to China accounted for 13.8% of
total exports; Singapore, 11.8%; United Arab
Emirates, 5.4%; and Zambia, 4.1%, as shown
in Figure 5.
Figure 5: Top Ten Merchandise Export
Destinations (% Share)

Source: ZIMSTAT & RBZ Calculations, 2022

Merchandise Imports
The country’s import bill stood at US$764.4
million in September 2022, marginally up from
US$759.0 million recorded in the previous
month. Compared to the corresponding month
in 2021, the reporting month’s outturn was
14.7% higher. Figure 6 depicts monthly
merchandise imports for 2021 and 2022.

Figure 6: Merchandise Imports classified by
HS Codes 2021 & 2022 (US$ m)

Source: ZIMSTAT & RBZ Computations, 2022


South Africa
China
Singapore
United Arab Emirates
Zambia
Mozambique
Mauritius
India
Belarus
Argentina

The country’s imports were mainly composed
of diesel, crude soya bean oil, petrol and
fertilisers, whose shares to total imports were
8.3%; 4.3%; 3.7%; and 24%, respectively.
Other imports during the month included
electricity and food imports, as shown in Table
2.
Table 2: Imports Classified by Harmonised
Commodity Description and Code System

Aug-22
(US$m)
Sep-22
(US$m)
Aug-Sep
Changes
(%)
Share
of
Imports
(%)
Total
Imports

Of Which:
Diesel

Crude
soya bean
oil

Unleaded
petrol

Fertilizers

Electricity

Rice

Medicines

Herbicides

Wheat

Machinery


Source: ZIMSTAT & RBZ Calculations, 2022
The country’s imports for the month of
September 2022 were mainly sourced from
South
Africa
(38.3%),
China
(16.2%),
Singapore (12.0%), U.A.E (4.5%) 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 trade balance improved on
account of the significant increase in exports,
culminating in the narrowing of the trade deficit
from US$265.4 million in August to US$212.0
million in September 2022. However, on a year
-on year basis, the country’s trade deficit
substantially widened, from US$151.2 million
in the comparable month in 2021 to US$212.0
million in September 2022. Figure 8 shows the
country’s trade balance for the period from
January 2021 through to September 2022.


South...
China
Singapore
United...
Zambia
Mozambi...
Mauritius
India
Belarus
Argentina

Figure 8: Merchandise Trade Balance
(US$ m)

Source: ZIMSTAT & RBZ Computations, 2022

MONETARY DEVELOPMENTS1

Broad money (M3) stock amounted to
ZW$1 880.81 billion in October 2022,
compared to ZW$1 917.15 billion recorded in
September 2022. The general increase in
money supply in the economy is largely due to
the inflows of foreign exchange from export
proceeds and remittances, which amounted to
US$8.84 billion over the ten months to October
2022. Part of the foreign currency was
converted into local currency at the official
exchange rate, resulting in liquidity injections
into the market.
The money stock as at October 2022 was
composed of foreign currency deposits,
60.15%; local currency deposits, 39.63%; and
currency in circulation, 0.22%.
Figure 9 shows the composition of money
supply.

1All monetary numbers valued in ZW$ since the
adoption of an interbank market determined exchange
rate in February 2019.
Figure 9: Composition of Money Supply

Source: Reserve Bank of Zimbabwe, 2022

Month-on-month, broad money declined by
1.90% in October 2022, compared to an
increase of 19.16% recorded the previous
month. The negative growth largely reflected a
decline of ZW$64.90 billion (5.43%) in foreign
currency accounts (FCA) deposits, from ZW$1
196.21 billion in September 2022 to ZW$1
131.30 billion. The decline could be attributed
to the running down of FCA deposits by
individuals and companies, to pay for imports
and to meet other domestic obligations, amid
significant local currency shortages on the
market. The decline in FCA deposits was partly
offset by an increase of ZW$28.57 billion
(3.96%) in the local currency component of
broad money.
During the month under review, domestic
claims increased by 3.61%, compared to
15.80% recorded the previous month. Credit to
the private sector, however, declined by
ZW$80.14 billion, largely reflecting the impact
of high costs of borrowing. Following the

Jan-21
Mar-21
May-21
Jul-21
Sep-21
Nov-21
Jan-22
Mar-22
May-22
Jul-22
Sep-22
Exports
Imports
Trade Balance
Local
Currency
Transferabl
e deposits
29.96%
Foreign
Currency
Deposits
60.15%
Time
Deposits
8.85%
Currency in
Circulation
0.22%
NCDs
0.82%

tightening of monetary policy, the Bank Policy
Rate was raised to 200%, effective 24 June
2022.
Net
banking
sector
claims
on
Government also declined by ZW$6.34 billion.
On an annual basis, broad money registered an
increase of 350.43%, largely driven by the
exchange rate revaluation on the foreign
currency component of deposits, over the year.
Of the 350.43% annual increase in broad
money, foreign currency deposits contributed
210.78 percentage points while local currency
deposits contributed 139.65 percentage points
Over the same period, the official exchange rate
moved from ZW$97.14 per US$1 in October
2021 to ZW$632.77 per US$1 in October 2022,
resulting in growth of the Zimbabwe dollar
equivalent of FCA deposits, from ZW$179.31
billion in October 2021 to ZW$1 131.30 billion
in
October
2022.
The
local
currency
component of broad money also grew by
214.59% over the same period, largely due to
credit creation by banks.
The annual growth in broad money was largely
driven by increases of ZW$689.72 billion
(387.46%) and ZW$205.06 billion (349.96%)
in credit to the private sector and net claims on
Government, respectively.

Credit to the private sector was mainly
channeled to agriculture and households, which
received 25.81% and 20.30% of the total credit,
respectively.
The
distribution
and
manufacturing sectors received 13.10% and
12.74%, 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
channeled towards inventory build-up, 34.83%;
other recurrent expenditures, 31.17%; and
fixed capital investments, 16.28%.

STOCK MARKET DEVELOPMENTS

Zimbabwe Stock Exchange

The Zimbabwe Stock Exchange (ZSE) was
characterized by mixed trading during the
month of October 2022, as reflected by gains
and losses in the major indices. The mixed
trading sentiments were reflected in selling
pressures of counters in the top indices and
increased demand on lower value counters.

Consequently, the Top 10 and Top 15 Indices,
shed 2.87% and 1.19% during the month to
close at 8 878.08 points and 9 931.66 points,
compared to 9 140.55 points and 10 051.47
points recorded in September 2022.
Households
20.30%
Agriculture
25.81%
Mining
9.20%
Manufacturing
12.74%
Distribution
13.10%
Construction
1.39%
Transport &
Communicati
ons
1.60%
Services
10.33%
Financial Org.
& Investments
5.51%
Other
0.02%

The Medium Cap, Small Cap and the All-Share
indices, however, gained 14.47%, 9.91% and
2.03% to close the month at 33 256.19 points,
531 535.21 points and 15 072.14 points,
respectively

The mining index also added 24.99% to close
the month at 23 659.53 points, from 18 929.75
points recorded in the prior month.

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 increased by 47.03% and
68.82% to 201.57 million shares and ZW$8.66
billion, respectively. This compares to 137.09
million shares and ZW$5.13 billion recorded in
the previous month, respectively.
The proportion of foreign purchases to the
value of shares traded increased to 1.74%,
compared to 1.39% recorded in September
2022.
During the month under review, the net foreign
position was -ZW$2.07 billion, compared to
ZW$0.31 billion recorded in the previous
month.

Figure 12: ZSE Monthly Volumes and
Values Traded

Source: Zimbabwe Stock Exchange, 2022
The local bourse gained ZW$6.94 billion, or
0.38% worth of capitalization to close at ZW$1
826.10 billion in October 2022. On a year-onyear
basis,
ZSE
capitalization
added
ZW$447.87 billion, or 32.50%, from ZW$1
378.23 billion recorded in October 2021.


Victoria Falls Stock Exchange


The Victoria Falls Stock Exchange (VFEX)
was characterized by negative trading during
the month of October 2022. Resultantly, the
VFEX All Share Index declined by 21.33% to
close at 112.64 points, from 143.16 points
recorded in the prior month.


31-Oct-21
30-Nov-21
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
All Share Index
Top 10 Index
Mining Index


1,000
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
VALUE TRADED ($ MILLIONS)
VOLUME TRADED (MILIONS)
Volume
Value

On an annual basis, the VFEX All Share Index
lost 0.34%, from 113.02 points recorded in
October 2021.

Figure 13: Victoria Falls Stock Exchange All
Share Index

Source: Victoria Falls Stock Exchange (VFEX), 2022

Market Capitalization
Owing to the bearish sentiments exhibited on
the VFEX during the month under review,
market capitalization declined by US$0.07
billion to US$0.27 billion, from US$0.34
billion recorded in September 2022.
INFLATION OUTTURN

Annual Inflation

Annual headline inflation slowed down to
268.79% in October 2022, from 280.40% in
September 2022. This followed declines in
both annual food and non-food inflation.

Annual food inflation stood at 268.79% in
October 2022, down from 280.40% in
September 2022. Bread and cereals; vegetables
and meat continued to drive food inflation,
during the month under review.
Annual non-food inflation declined by 7.39
percentage points to 230.20% in October 2022,
from 237.59% in September 2022. Housing,
water, electricity, gas, and other fuels;
miscellaneous
goods
and
services;
and
transport categories, in large part, accounted for
annual non-food inflation, during the month of
October 2022.

Annual blended inflation rose by 1.18
percentage points to 108.69% in October 2022,
from 107.51% recorded in September 2022,
largely driven by blended non-food inflation.
The increase in blended non-food inflation was,
however, partially offset by the decline in
blended food inflation.

Annual blended food inflation declined from
181% in September 2022 to 176%, during the
month under review.

Monthly Inflation

Monthly inflation declined to 3.15% in October
2022, from 3.47% recorded in September 2022.
This was underpinned by the decline in nonfood inflation, which more than offset the
increase in food inflation.

Monthly food inflation increased from 1.75%
September 2022 to 3.10% in October 2022.
Notable
increases
were
registered
for
vegetables; 6.5%, fruits, 3.9; meat, 3.1% and
fish, 2%.

Monthly non-food inflation, however, fell from
5.15% in September 2022 to 3.20% in October
2022, largely on account of declines in
communication and miscellaneous goods and
services.

31-Oct-21
30-Nov-21
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

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

Source: ZIMSTAT, 2022

Monthly
blended
inflation
gained
0.7
percentage points to 3.20% in October 2022,
from 2.5% in September 2022.
NATIONAL PAYMENTS SYSTEM


During the month of October 2022, the total
value of NPS transactions registered a decline
of 6.95% to close at ZW$3.80 trillion, from
ZW$4.08 trillion in the preceding month.

Zimbabwe Electronic Transfer Settlement
System (ZETSS)

The value of RTGS transactions fell by 2.30%,
from ZW$2,793.06 billion in the previous
month to close at ZW$2,728.73 billion in
October 2022.


Figure 15: ZETSS Volumes and Values

Source: Reserve Bank of Zimbabwe, 2022


Cash Transactions
Cash-based
transactions
increased
from
ZW$132.48 billion in September 2022 to
ZW$146.27 billion in October 2022.

Mobile and Internet Based Transactions

Mobile
and
internet-based
transactions
amounted to ZW$832.17 billion, during the
month under analysis, representing a 22.6%
decline from ZW$1,075.18 billion recorded in
September 2022.

Card Based Transactions

Card-based transactions increased by 11.20%
to ZW$236.68 billion in October 2022, from
ZW$212.85 billion in the previous month.


RESERVE BANK OF ZIMBABWE

Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Food
Non-Food
Overall


Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-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)
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-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

Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-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)
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-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
-

-

-

-

-

-

-

-

-

-

0.00
0.00
0.00
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
411,414,591.01

430,568,735.58

467,748,846.19

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
Transferable Deposits
383,509,833.78

397,358,917.93

430,345,882.39

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
of which FCAs
179,306,272.75

181,546,290.69

210,688,453.17

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
Other Deposits

Money Market Instruments
3,729,670.68

4,007,812.73

3,696,333.82

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

12,785,574.75
14,047,495.34
15,558,863.88
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

Local
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
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


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

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

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

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

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

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

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

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
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 4.1 LENDING RATES (percent per annum)1

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
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

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

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

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

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

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

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