[Date]


DECEMBER 2014


i

MONTHLY ECONOMIC REVIEW
TABLE OF CONTENTS

SELECTED ECONOMIC INDICATORS 1
STOCK MARKET DEVELOPMENTS 2
MONETARY DEVELOPMENTS 2
INFLATION OUTTURN 4
NATIONAL PAYMENTS SYSTEM 5

MONTHLY ECONOMIC REVIEW

November

December
Month-on-
Month
Change
Z.S.E. Mining Index1
64.39
71.71
11.34%
Z.S.E. Industrial Index1
171.45
162.79
-5.05%
*Money Supply (US$)2
4.42 billion
4.40 billion
-0.28%
*Money Supply (M3) Annual Growth2
15.98%
11.97%

Yearly Inflation3
-0.78%
-0.80%
-0.09%
Nominal Lending Rate
6.00-35.00%
6.00-35.00%

Sources:
1 Zimbabwe Stock Exchange (ZSE)
2 Reserve Bank of Zimbabwe (RBZ)
3 Zimbabwe National Statistics Agency (ZIMSTAT)
* Provisional figures


SELECTED ECONOMIC INDICATORS

MONTHLY ECONOMIC REVIEW
STOCK MARKET DEVELOPMENTS

The continued decline in oil prices, coupled with
escalating political tensions in Greece increased risk
sensitivity of investors in the global stock markets.
This resulted in most major international stock
markets trending downwards during the month of
December 2014.
In line with most European and US markets, major
African stock markets registered losses in December
2014. Declines were recorded in Kenya, Egypt, and
South Africa, whilst Nigeria recorded a marginal gain
of 0.3%, during the month under review.
On the domestic front, bearish sentiments continued
to characterize trading on the Zimbabwe Stock
Exchange (ZSE). The mining index registered an
11.37% gain, to close the month under review at
71.71 points. The industrial index, however, declined
by 5.05%, between November and December 2014.
On a year to date basis, the mining index registered
an increase of 56.61%, whilst the industrial index
declined by 19.41%.


Trading volumes rose by 210.3%, from 149.1 million
shares in November 2014, to 462.6 million shares in
December 2014. This was largely due to a special
bargain deal of 248.3 million in Dawn property
shares. Over the same period, however, the value of
shares traded declined by 15.41% to US$29.11
million.
Market turnover decreased by 5.3%, from US$34.41
million in November 2014 to US$29.11 million in
December 2014. On a year-on-year basis, market
turnover also declined by 40.9%.

Source: Zimbabwe Stock Exchange
Reflecting the bearish conditions prevailing during
the month under review, market capitalization closed
the month of December 2014 at US$4 327.1 million,
down from US$4 517.9 million in November 2014.
MONETARY DEVELOPMENTS

Annual broad money growth slowed down to 11.97%
in December 2014, from 15.98% in November 2014.
In absolute terms, broad money rose from

03-Mar-12
03-Jun-12
03-Sep-12
03-Dec-12
03-Mar-13
03-Jun-13
03-Sep-13
03-Dec-13
03-Mar-14
03-Jun-14
03-Sep-14
03-Dec-14
ZSE Indices
Industrial
Mining

VALUES TRADED (US$ MILLIONS)
VOLUMES TRADED (MILLIONS)
ZSE: Daily Volumes and Values
ZSE: Daily Volumes and Values Traded
Traded
Volume
Turnover
Source: Zimbabwe Stock Exchange


MONTHLY ECONOMIC REVIEW

US$3 932.33 million in December 2013 to US$4
403.12 million in December 2014.


Source: Reserve Bank of Zimbabwe
The growth in broad money was underpinned by
increases across all deposit classes. Short term
deposits registered the largest annual growth of
18.26% in December 2014. Long term, demand, and
savings deposits recorded increases of 16.47%,
10.13%, and 4.59%, respectively.
During the month under review, demand deposits
continued to dominate total deposits, accounting for
49%; followed by short and long term deposits at 19%
each, while savings deposits were at 13%.


Over the same period, on the assets side, growth in
M3 was driven by increases of both net foreign assets
(NFA) and net domestic assets of 10.23% and 8.18%,
respectively.
The annual increase in domestic credit was mainly
underpinned by a 44.03% increase in net credit to
Government. Credit to the private sector registered a
growth of 4.01%.
Net credit to Government continued to be driven by
Treasury bill issuances, which registered a 141.81%
annual growth during the period under review. The
increase in Treasury bill issuances, partly reflected
the slowdown in Government revenue collections as
a result of the economic downturn.
Growth in credit to the productive sectors of the
economy continued on an upward trend, reaching
4,01% in December, the highest annual growth in
2014. On a monthly basis, however, credit to the
private sector declined by 0.72%, from US$3 823.8
million in November to US$3 796.3 million in
December 2014.

Source: Reserve Bank of Zimbabwe
Loans and advances constituted 81.81% of total credit
to the private sector, followed by mortgages, 13.51%;
-5


Jun
Aug
Oct
Dec
Feb
Apr
Jun
Aug
Oct
Dec
Feb
Apr
Jun
Aug
Oct
Dec
%
US$ BILLIONS
Money Supply
Money Supply
M3
M3 Annual Growth
Short
Term
19%
Long Term
19%
Demand
49%
Savings
13%Banking Sector Deposits
Banking Sector DepositsDecember 2014
December 2014
Loans&Advances
81.81%
Bills
Discounted
1.69%
Bankers
acceptances
1.29%
Other
investments
1.70%
Mortgages
13.51%Credit to Private Sector
Credit to Private SectorDecember 2014
December 2014
Source: Reserve Bank of Zimbabwe


MONTHLY ECONOMIC REVIEW

other investments, 1.70%; bills discounted, 1.69%;
and bankers’ acceptances, 1.29%.
Sectorally, credit was mainly channeled to agriculture
(18.85%);
services
(16.04%);
manufacturing
(15.95%); distribution (14.59%); mining (7.34%);
financial (4.54%); transport and communications
(2.87%); and construction (1.54%). Households
accounted for 18.09% of total credit to the private
sector.
The credit advanced to the private sector was mainly
utilized for working capital requirements (74.85%),
procurement of consumer durables (11.17%) and
other purchases (9.98%). Loans and advances utilized
for fixed investment activity remained low, with the
procurement of plant and equipment accounting for
only 4% of total loans and advances.
INFLATION OUTTURN

Annual Inflation
Annual headline inflation remained in the negative
territory, decelerating further from -0.78% in
November 2014 to -0.8% in December 2014, largely
driven by declines in both food and non-food
inflation. Reflecting the dampening of inflationary
pressures in the economy, annual average inflation
fell from 1.6% in 2013 to -0.2% in 2014. The
deflation environment reflected the impact of
depressed international oil and food prices, weaker
South African rand and subdued aggregate domestic
demand.
Annual food inflation increased marginally from
-2.75% in November 2014 to -2.71% in December
2014. The negative annual food inflation is attributed
to the declines in prices across all the food categories
including bread and cereal; meat; sugar, jam, honey
and chocolate; oils and fats; fruit; vegetables and milk
cheese and eggs.
Reflecting entrenched deflationary pressures, annual
non-food inflation which fell from 1.59% in October
2014 to 0.17% in November 2014, declined further to
0.13% in December 2014. Major contributors to the
downward spiral in non-food inflation included
decreases in communication; housing, electricity,
water, gas and other fuels; recreation and culture;
furniture and equipment; restaurants and hotels; and
clothing and footwear.
Despite the downward trend in prices, alcoholic
beverages and tobacco; education; transport; and
health services recorded positive annual inflation in
December 2014.

Source: Zimbabwe Statistics Agency
Monthly Inflation
Month-on-month inflation stood at -0.09% in
December 2014, up from -0.69% in November 2014,
on the back of a slowdown in monthly non-food
inflation.
Monthly food inflation declined from -0.11% in
November 2014 to -0.36% in December 2014. This
followed declines in bread and cereals; milk, cheese
and eggs; fruits; vegetables; fish and sea food and oils
and fats.
Monthly non-food inflation rose from -0.96% in
November 2014 to 0.04% in December 2014, driven
by increases in alcoholic, beverages and tobacco;


Annual Inflation
(%)
Headline Inflation
Food
Non Food


MONTHLY ECONOMIC REVIEW

housing, water, electricity, gas and other fuels; health;
and transport.
NATIONAL PAYMENTS SYSTEM

Zimbabwe Electronic Transfer Settlement System
(ZETSS)
In December 2014, the value of transactions
processed through the RTGS system stood at
US$4.6 billion, compared to US$4.1 billion in
November 2014. In volume terms, total transactions
registered an increase of 10.7% from 171 446 to
189 831, during the same period.
Source: Reserve Bank of Zimbabwe

Card Based Transactions
The total value of card based transactions were higher
at US$485.15 million in December 2014, compared
to US$460.34 million in November 2014.

Mobile and Internet Based Transactions
The total value of mobile and internet based
transactions also increased to US$520.26 million in
December 2014, from US$462.52 million in
November 2014.
Cheque Transactions
During the period under analysis, the value of cheque
transactions rose to US$11.53 million in December
2014, from US$9.33 million in November 2014.

RESERVE BANK OF ZIMBABWE
JANUARY 2015

Dec-11
Apr-12
Aug-12
Dec-12
Apr-13
Aug-13
Dec-13
Apr-14
Aug-14
Dec-14
-

VALUE IN US$ BILLIONS
VOLUME IN THOUSANDS
ZETSS Volumes and Values
ZETSS Volumes and Values
Volume
Value

MONTHLY ECONOMIC REVIEW
Statistical Tables

1. Monetary Statistics

1.1 Monetary Aggregates

1.2 Broad Money Survey

1.3 Analysis of Monthly Changes in Money Supply

1.4 Analysis of Yearly Changes in Money Supply

2. Sectoral Analysis of Bank Loans and Advances and Deposits

2.1 Sectoral Analysis of Commercial Banks Loans and Advances 14

2.2 Sectoral Analysis of Commercial Banks Deposits

3. External Statistics

3.1 Total External Debt Outstanding by Debtor

4. Interest Rates

4.1 Lending Rates

4.2 Banks Deposit Rates

5. Inflation

5.1 Monthly Inflation

5.2 Yearly Inflation

6. Exchange Rates

7. Commercial Banks

7.1 Assets

7.2 Liabilities

MONTHLY ECONOMIC REVIEW

8. Accepting Houses

8.1 Assets

8.2 Liabilities

9. Building Societies

9.1 Assets

9.2 Liabilities

10. Zimbabwe Stock Exchange Statistics

11. Savings with Financial Institutions

12. Analysis of Liquid Assets of Monetary Banks

13. ZETSS, Cheques and Cards Activity


13.1 Values of Transactions

13.2 Volumes of Transactions

MONTHLY ECONOMIC REVIEW

N.B: December Monetary statistics are provisional.


December
January
February
March
April
May
June
July
August
September
October
November
December
RBZ Demand Deposits

Comm. Banks Dem. Deposits

Merchant Banks Dem. Deposits

M1

Comm. Banks Savings Deposits

Building Soc. Savings Deposits

P O S B Savings Deposits

Comm. Banks U-30 Day Deposits

Merchant Banks U-30 Day Deposits

Building Soc. U- 30 Day Deposits

M2

Comm. Banks O-30 Day Deposits

Merchant Banks O-30 Day Deposits

Building Soc. O- 30 Day Deposits

Building Soc. Other Share Deposits

P O S B Time Deposits

M3

TABLE 1.1 : MONETARY AGGREGATES
US$ Thousands

MONTHLY ECONOMIC REVIEW

N.B: December Monetary statistics are provisional.
DECEMBER
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
NET FOREIGN ASSETS

Assets

Reserve Bank (RBZ)

Deposit Money Banks (DMBs)

Other Banking Institutions (OBI

Liabilities \2

RBZ

DMBs

OBIs

NET DOMESTIC ASSETS

DOMESTIC CREDIT

Claims on Government (net)

RBZ

DMBs

OBIs

Claims on Public Enterprises

RBZ

DMBs

Agri-PEs

Other

OBIs

Claims on Private Sector

RBZ

DMBs

OBIs

OTHER ITEMS (NET)

BROAD MONEY (M3)

US$ Thousands
TABLE 1.2 : BROAD MONEY SURVEY

MONTHLY ECONOMIC REVIEW

N.B: December Monetary statistics are provisional.
NOVEMBER
DECEMBER
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
NET FOREIGN ASSETS

Assets

Reserve Bank (RBZ)

Deposit Money Banks (DMBs)

Other Banking Institutions (OBIs) \1

Liabilities \2

RBZ

DMBs

OBIs

NET DOMESTIC ASSETS \3

DOMESTIC CREDIT

Claims on Government (net)

RBZ

DMBs

OBIs

Claims on Public Enterprises

RBZ

DMBs

Agri-PEs

Other

OBIs

Claims on Private Sector

RBZ

DMBs

OBIs

OTHER ITEMS (NET)

BROAD MONEY (M3)

Broad Money (M3)

Domestic Credit

Claims on Private Sector

US$ Thousands
TABLE 1.3 : ANALYSIS OF MONTHLY CHANGES IN MONEY SUPPLY (M3)

MONTHLY ECONOMIC REVIEW

N.B: December Monetary statistics are provisional.
DECEMBER
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
NET FOREIGN ASSETS

Assets

Reserve Bank (RBZ)

Deposit Money Banks (DMBs)

Other Banking Institutions (OBIs) \1

Liabilities \2

RBZ

DMBs

OBIs

NET DOMESTIC ASSETS \3

DOMESTIC CREDIT

Claims on Government (net)

RBZ

DMBs

OBIs

Claims on Public Enterprises

RBZ

DMBs

Agri-PEs

Other

OBIs

Claims on Private Sector

RBZ

DMBs

OBIs

OTHER ITEMS (NET)

BROAD MONEY (M3)

GROWTH RATES
Broad Money (M3)

Domestic Credit

Claims on Private Sector

TABLE 1.4 : ANALYSIS OF YEARLY CHANGES IN MONEY SUPPLY (M3)
$ Thousands

MONTHLY ECONOMIC REVIEW

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


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

/1 Including the only merchant bank still in operation.
TABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES/1
$ Thousands


MONTHLY ECONOMIC REVIEW

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

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER

/1 Including the only merchant bank still in operation.
TABLE 2.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS
US$ Thousands


MONTHLY ECONOMIC REVIEW

End Pe rio d
Jun- 0 5
Jun- 0 5

( U S $ millio ns )
Lo ng - Te rm Ext e rnal D e b t

Go ve rnme nt

Bilateral Creditors


Multilateral Creditors

Private Creditors

Pub lic Ent e rp ris e s


Bilateral Creditors

Multilateral Creditors

Private Creditors

M o ne t ary A ut ho rit ie s

Multilateral Creditors - IMF

Privat e
16 2

6 7

4 1

4 5

3 5


S ho rt - Te rm Ext e rnal D e b t


Supplier's Credits

Reserve Bank

Private

To t al Ext e rnal D e b t

Gro s s D o me s t ic Pro d uc t

Ext e rnal D e b t / GD P

SOURCE: M inistry of Finance and Reserve Bank of Zimbabwe
TABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS) (WITH RBZ)


MONTHLY ECONOMIC REVIEW

End Period
Nominal Lending Rates2
Individuals
Corporate
Nominal Lending
Rates2
Individuals
Corporate

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Notes
3. Lending rates exclude rates on staff loans.
TABLE 4.1 LENDING RATES (percent per annum)1
2. Nominal Lending Rates depict the range of rates quoted by banks.
Commercial Banks
Merchant Banks
Weighted Average Lending Rates3
Nominal Lending Rates3
1. Table revised, to separate weighted lending rates for individuals and corporate bodies.


MONTHLY ECONOMIC REVIEW

ACCEPTING HOUSES
END OF
SAVINGS
3 MONTHS
3 MONTHS

Jan
0.15-8.00
4.00-20.00
6.00-17.00
Feb
0.15-8.00
4.00-20.00
6.00-17.00
Mar
0.15-8.00
4.00-20.00
8.00-12.00
Apr
0.15-8.00
4.00-20.00
8.00-12.00
May
0.15-8.00
4.00-20.00
6.00-17.00
Jun
0.15-8.00
4.00-20.00
6.00-17.00
Jul
0.15-8.00
3.00-20.00
6.00-17.00
Aug
0.15-8.00
3.00-20.00
6.00-17.00
Sep
0.15-8.00
3.00-20.00
11.00-12.00
Oct
0.15-8.00
3.00-20.00
11.00-12.00
Nov
0.15-8.00
3.00-20.00
11.00-12.00
Dec
0.15-8.00
3.00-20.00
11.00-12.00

Jan
0.15-8.00
3.00-20.00
11.00-12.00
Feb
0.15-8.00
3.00-20.00
11.00-12.00
Mar
0.15-8.00
3.00-20.00
11.00-12.00
Apr
0.15-8.00
3.00-20.00
11.00-12.00
May
0.15-8.00
3.00-20.00
11.00-12.00
Jun
0.15-8.00
3.00-20.00
11.00-12.00
Jul
0.15-8.00
3.00-20.00
11.00-12.00
Aug
0.15-8.00
4.00-20.00
11.00-12.00
Sep
0.15-8.00
4.00-20.00
11.00-12.00
Oct
0.15-8.00
4.00-20.00
11.00-12.00
Nov
0.15-8.00
4.00-20.00
11.00-12.00
Dec
0.15-8.00
3.00-20.00
12.00
* The range of rates qouted by banks during the period.
TABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)*
COMMERCIAL BANKS


MONTHLY ECONOMIC REVIEW

FOOD IN FLA TION
A LL
A LC OHOLIC
B EV ER A GES
C LOTHIN G
HS IN G, WA TER ,
FU R N ITU R E
HEA LTH
TR A N S POR T
C OM M U N IC A TION
R EC R EA TION &
ED U C A TION
R ES TA U R A N TS &
M IS C .
TOTA L N ON
FOOD &
ITEM S
& TOB A C C O
FOOTWEA R
ELEC TR IC TY ,
GA S
A N D
C U LTU R E
HOTELS
GOOD S &
FOOD
N ON A LC OHOLIC
B EV ER A GES
& OTHER
EQU IPM EN T
S ER V IC ES
FU ELS
WEIGHTS


OC TOB ER

N OV EM B ER

D EC EM B ER


JA N U A R Y

FEB R U A R Y

M A R C H

A PR IL

M A Y

JU N E

JU LY

A U GU S T

S EPTEM B ER

OC TOB ER

N OV EM B ER

D EC EM B ER

N ON - FOOD IN FLA TION
TABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX
( DECEMBER 2012 = 100)


MONTHLY ECONOMIC REVIEW

FOOD
IN FLA TION
A LL
A LC OHOLIC
B EV ER A GES
C LOTHIN G
HS IN G,
WA TER ,
FU R N ITU R E
HEA LTH
TR A N S POR T
C OM M U N IC A
TION
R EC R EA TION
&
ED U C A TION
R ES TA U R A N
TS &
M IS C .
TOTA L N ON
FOOD &
ITEM S
& TOB A C C O
FOOTWEA R
ELEC TR IC TY ,
GA S
A N D
C U LTU R E
HOTELS
GOOD S &
FOOD
N ON
A LC OHOLIC
B EV ER A GES
& OTHER
EQU IPM EN T
S ER V IC ES
FU ELS
WEIGHTS

S EPTEM B ER

OC TOB ER

N OV EM B ER

D EC EM B ER

JA N U A R Y

FEB R U A R Y

M A R C H

A PR IL

M A Y

JU N E

JU LY

A U GU S T

S EPTEM B ER

OC TOB ER

N OV EM B ER

D EC EM B ER

N ON - FOOD IN FLA TION
TABLE 5.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \1
(DECEMBER 2012 = 100)


MONTHLY ECONOMIC REVIEW

SA
BW
JAPANESE
EUROPEAN
POUND
END OF
RAND/1
PULA/1
YEN/1
CURRENCY/2
STERLING/2

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER

TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES
1. Fo reign currency per US Do llar.
2. US Do llar per unit o f fo reign currency.


MONTHLY ECONOMIC REVIEW

Loans &
Contigent
Other
Non Financial
TOTAL
End of
Notes
Total
Other Balances
Advnces
Assets
Assets
Assets
&
Balances
Balances
Balances
with RBZ
Coin
with
with Other
at
Trade
Treasury
Agric PEs

at Banks
RBZ
Banks
Foreign Banks
Bills
Bills
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug.

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Liquid Assets
TABLE 7.1: COMMERCIAL BANKS - ASSETS
Securities
US$ Millions


MONTHLY ECONOMIC REVIEW

Deposits
Capital
Contigent
Other
Total
Of which
and
Liablities
Liablities
Liabilities to the
End of
Demand
Savings and Short-term
Long-term
Total
Foreign Liabilities
RBZ
Other Banks
Reserves
Public

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug.

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

TABLE 7.2: COMMERCIAL BANKS - LIABILITIES
US$ Millions
Amounts Owing to


MONTHLY ECONOMIC REVIEW

Loans &
Contigent
Other
Non Financial
TOTAL
End of
Notes
Total
Other Balances
Advnces
Assets
Assets
Assets
&
Balances
Balances
Balances
Liquid
with RBZ
Coin
with
with Other
at
Trade
Treasury
Agris Pes
Assets
at Banks
RBZ
Banks
Foreign Banks
Bills
Bills

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

US$ Millions
TABLE 8.1 : ACCEPTING HOUSES - ASSETS
Liquid Assets
Securities


MONTHLY ECONOMIC REVIEW

Of which
Deposits
Capital
Contigent
Other
Total
Liabilities to the
and
Liablities
Liablities
Public
End of
Demand
Savings and Short-term
Long-term
Total
Foreign Liabilities
RBZ
Other Banks
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

Amounts Owing to
TABLE 8.2 : ACCEPTING HOUSES - LIABILITIES
US$ Millions


MONTHLY ECONOMIC REVIEW

Mortgage
Other
Other
Non Financial
TOTAL
End of
Notes
Total
Other Balances
Advances
Advances
Assets
Assets
&
Balances
Nostro
with RBZ/1
Coin
with Other
Balances
Trade
Treasury
Agris Pes
at Banks
Banks
Bills

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Liquid Assets
Securities
TABLE 9.1 : BUILDING SOCIETIES - ASSETS
US$ Millions


MONTHLY ECONOMIC REVIEW

Of which
Capital
Other
Total
Liabilities to the
and
Liabilities
Public
End of
Savings and Short-term
Long-term
Total
Foreign Liabilities
Other Banks
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

Deposits
TABLE 9.2 : BUILDING SOCIETIES - LIABILITIES
US$ Millions
Amounts Owing to


MONTHLY ECONOMIC REVIEW

Market Capitalisation
Industrial
Mining
US$ Millions

Jan
179.34
84.07
4700.33
Feb
182.3
72.01
4748.24
Mar
183.9
66.2
4726.34
Apr
189.66
71.98
4894.68
May
212.72
73.99
5471.22
Jun
211.19
73.29
5436.57
Jul
232.87
66.77
5936.78
Aug
181.67
48.73
4682.27
Sep
200.05
49.9
5157.2
Oct
209.74
52.68
5407.42
Nov
213.04
47.02
5482.03
Dec
202.12
45.79
5203.13

Jan
189.25
35.4
4882.11
Feb
189.45
39.24
4906.94
Mar
176.32
29.51
4560.29
Apr
172.91
29.64
4473.51
May
174.89
35.45
4485.11
Jun
186.57
61.32
4873.4
July
188.07
95.00
4959.21
Aug
196.43
104.8
5186.63
Sep
195.25
92.75
5140.20
Oct
177.88
70.38
4664.80
Nov
171.45
64.39
4517.93
Dec
162.57
72.61
4323.17
Indices
Table 10: ZIMBABWE STOCK MARKET STATISTICS


MONTHLY ECONOMIC REVIEW

Commercial
Accepting
Building
End of
Banks
Houses
P.O.S.B.
Societies
TOTAL

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

1/ Comprises all deposits other than demand deposits.
TABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS
US$ Millions


MONTHLY ECONOMIC REVIEW

Liquid
Prescribed
Excess
Liquid
Prescribed
Excess
assets
liquid
liquid
assets
liquid
Liquid
End of
held
assets/1
assets
held
assets/1
assets

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

1/ With effect from 1 August 2011, the prescribed liquid asset ratio was reviewed to 25% of liabilities to the public, from 20%.
US$ Millions
TABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS
Commercial Banks
Accepting Houses


MONTHLY ECONOMIC REVIEW

MONTH
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Annual Total


Jan

Feb

Mar

Apr

May

Jun

Jul
3955.45
11.72
125.81

312.35
101.75
Aug

Sep

Oct

Nov

Dec

TABLE 13.1 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY
Values of Transactions (US$ in millions)


MONTHLY ECONOMIC REVIEW

MONTH
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Annual Total


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

TABLE 13.2 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY
Volumes of Transactions (in thousands)

MONTHLY ECONOMIC REVIEW